Redmont Wealth Advisors LLC Increases Stake in U-Haul Holding (NASDAQ:UHAL)

Redmont Wealth Advisors LLC increased its position in shares of U-Haul Holding (NASDAQ:UHAL) by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,195 shares of the transportation company’s stock after buying an additional 1,044 shares during the period. Redmont Wealth Advisors LLC’s holdings in U-Haul were worth $660,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Old West Investment Management LLC increased its position in shares of U-Haul by 1.0% in the 3rd quarter. Old West Investment Management LLC now owns 176,235 shares of the transportation company’s stock valued at $9,617,000 after purchasing an additional 1,761 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in U-Haul in the third quarter valued at $3,389,000. Barnett & Company Inc. purchased a new stake in U-Haul during the 3rd quarter worth about $754,000. GSA Capital Partners LLP boosted its position in shares of U-Haul by 477.2% during the 3rd quarter. GSA Capital Partners LLP now owns 31,527 shares of the transportation company’s stock worth $1,720,000 after acquiring an additional 26,065 shares in the last quarter. Finally, First Hawaiian Bank increased its holdings in shares of U-Haul by 12.8% in the 3rd quarter. First Hawaiian Bank now owns 4,682 shares of the transportation company’s stock valued at $255,000 after acquiring an additional 530 shares during the last quarter. Institutional investors and hedge funds own 3.63% of the company’s stock.

U-Haul Stock Down 0.1 %

Shares of U-Haul stock traded down $0.07 during trading hours on Friday, hitting $62.93. The company had a trading volume of 32,404 shares, compared to its average volume of 93,065. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.29 and a quick ratio of 3.07. The company’s 50-day moving average is $65.63 and its two-hundred day moving average is $61.93. The company has a market cap of $12.34 billion, a P/E ratio of 19.39 and a beta of 1.07. U-Haul Holding has a twelve month low of $48.07 and a twelve month high of $73.03.

U-Haul (NASDAQ:UHAL) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.36). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. U-Haul had a net margin of 11.67% and a return on equity of 9.52%. Analysts anticipate that U-Haul Holding will post 3.2 earnings per share for the current fiscal year.

Insider Buying and Selling at U-Haul

In other news, Director John P. Brogan sold 3,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $64.32, for a total transaction of $192,960.00. Following the completion of the sale, the director now owns 43,987 shares in the company, valued at $2,829,243.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 50.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut U-Haul from a “hold” rating to a “sell” rating in a research note on Saturday, February 24th.

U-Haul Profile

U-Haul Holding Company operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.