U-Haul (NASDAQ:UHAL) Shares Pass Above 200-Day Moving Average – Should You Sell?

U-Haul Holding (NASDAQ:UHAL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $55.92 and traded as high as $57.64. U-Haul shares last traded at $57.5070, with a volume of 161,509 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Vertical Research set a $80.00 target price on shares of U-Haul and gave the stock a “buy” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

U-Haul Trading Up 0.3%

The firm’s 50 day simple moving average is $52.41 and its 200-day simple moving average is $55.92. The company has a market capitalization of $11.28 billion, a PE ratio of 26.62 and a beta of 1.12. The company has a quick ratio of 1.83, a current ratio of 2.03 and a debt-to-equity ratio of 0.89.

Institutional Trading of U-Haul

Several large investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC purchased a new position in U-Haul in the second quarter valued at about $33,000. State of Wyoming acquired a new stake in shares of U-Haul in the third quarter valued at about $173,000. Brevan Howard Capital Management LP acquired a new stake in shares of U-Haul in the third quarter valued at about $218,000. FourThought Financial Partners LLC purchased a new stake in shares of U-Haul during the 3rd quarter valued at about $227,000. Finally, Optas LLC acquired a new position in U-Haul during the 3rd quarter worth approximately $236,000. 3.63% of the stock is currently owned by institutional investors and hedge funds.

About U-Haul

U-Haul International, operating under its parent company AMERCO (NASDAQ: UHAL), is a leading provider of do-it-yourself moving and storage solutions in North America. Established in 1945 by Leonard Shoen, the company has grown from a regional rental business in Ridgefield, Washington, into a broad network of thousands of locations across the United States and Canada. U-Haul’s core offering centers on one-way and local truck and trailer rentals tailored to the needs of both individual and commercial customers.

In addition to its fleet of rental trucks and trailers, U-Haul offers a comprehensive range of moving and storage products.