U-Haul (NASDAQ:UHAL) Stock Passes Above 200 Day Moving Average – Here’s What Happened

U-Haul Holding (NASDAQ:UHAL)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $55.47 and traded as high as $58.95. U-Haul shares last traded at $57.5650, with a volume of 237,899 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Vertical Research set a $80.00 price target 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.00.

U-Haul Stock Performance

The company has a debt-to-equity ratio of 0.89, a current ratio of 2.03 and a quick ratio of 1.83. The stock has a 50-day moving average price of $53.98 and a 200-day moving average price of $55.47. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 26.65 and a beta of 1.12.

Hedge Funds Weigh In On U-Haul

Large investors have recently modified their holdings of the stock. Two Sigma Investments LP lifted its stake in shares of U-Haul by 64.3% during the 3rd quarter. Two Sigma Investments LP now owns 174,120 shares of the transportation company’s stock worth $9,937,000 after buying an additional 68,150 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in U-Haul by 108.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 157,800 shares of the transportation company’s stock valued at $9,006,000 after acquiring an additional 82,000 shares during the period. Old West Investment Management LLC lifted its position in U-Haul by 6.9% during the third quarter. Old West Investment Management LLC now owns 152,786 shares of the transportation company’s stock worth $8,719,000 after acquiring an additional 9,802 shares during the last quarter. Parkwood LLC lifted its position in U-Haul by 12.4% during the third quarter. Parkwood LLC now owns 135,872 shares of the transportation company’s stock worth $7,754,000 after acquiring an additional 14,964 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its holdings in shares of U-Haul by 167.3% during the third quarter. Tudor Investment Corp ET AL now owns 95,393 shares of the transportation company’s stock worth $5,444,000 after acquiring an additional 59,699 shares during the period. 3.63% of the stock is owned by institutional investors.

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.