U-Haul (NYSE:UHAL) Reaches New 1-Year High – Here’s Why

U-Haul Holding Company (NYSE:UHAL)’s stock price reached a new 52-week high on Thursday . The company traded as high as $67.60 and last traded at $67.2750, with a volume of 4951 shares. The stock had previously closed at $66.46.

Wall Street Analyst Weigh In

UHAL has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of U-Haul in a research report on Wednesday, June 24th. Wall Street Zen upgraded shares of U-Haul from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

U-Haul Stock Performance

The company has a market cap of $13.24 billion, a PE ratio of 281.43 and a beta of 1.11. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.73 and a current ratio of 1.94. The firm’s 50 day moving average is $56.98 and its 200-day moving average is $53.25.

U-Haul (NYSE:UHAL) last released its earnings results on Wednesday, May 27th. The company reported ($0.70) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.02. The business had revenue of $1.27 billion for the quarter. U-Haul had a net margin of 1.38% and a return on equity of 1.06%. On average, research analysts anticipate that U-Haul Holding Company will post 1.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On U-Haul

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UHAL. Deltroit Asset Management UK LLP acquired a new stake in shares of U-Haul in the 4th quarter worth $5,182,000. ArrowMark Colorado Holdings LLC boosted its position in shares of U-Haul by 108.2% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 157,800 shares of the company’s stock valued at $9,006,000 after acquiring an additional 82,000 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of U-Haul by 64.3% during the 3rd quarter. Two Sigma Investments LP now owns 174,120 shares of the company’s stock valued at $9,937,000 after acquiring an additional 68,150 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of U-Haul by 167.3% in the third quarter. Tudor Investment Corp ET AL now owns 95,393 shares of the company’s stock valued at $5,444,000 after purchasing an additional 59,699 shares during the period. Finally, Trexquant Investment LP grew its holdings in shares of U-Haul by 219.7% in the fourth quarter. Trexquant Investment LP now owns 60,536 shares of the company’s stock valued at $3,052,000 after purchasing an additional 41,599 shares during the period. Institutional investors and hedge funds own 3.63% of the company’s stock.

About U-Haul

U-Haul (NYSE: UHAL) is a leading provider of do-it-yourself moving and storage solutions in North America. The company offers a comprehensive suite of products and services that includes the rental of trucks, trailers and towing equipment, as well as portable moving containers known as U-Box. In addition to vehicle rentals, U-Haul supplies customers with moving essentials such as boxes, packing materials and hitch installations, ensuring an integrated moving experience. The company also operates self-storage facilities under the U-Haul Storage brand, catering to both short-term and long-term needs.

Founded in 1945 by Leonard Shoen in Ridgefield, Washington, U-Haul has expanded its footprint through a mix of corporate-owned centers and independent dealer locations.