U-Haul (NASDAQ:UHAL) Shares Gap Down – Here’s What Happened

Shares of U-Haul Holding (NASDAQ:UHAL) gapped down before the market opened on Friday . The stock had previously closed at $59.04, but opened at $51.09. U-Haul shares last traded at $51.69, with a volume of 5,291 shares.

Analyst Ratings Changes

Separately, Vertical Research set a $80.00 target price on shares of U-Haul and gave the company a “buy” rating in a research report on Monday, November 3rd. One research 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 Price Performance

The company has a quick ratio of 1.83, a current ratio of 2.03 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $9.81 billion, a price-to-earnings ratio of 23.15 and a beta of 1.13. The company has a fifty day moving average price of $54.07 and a two-hundred day moving average price of $55.46.

Hedge Funds Weigh In On U-Haul

Institutional investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new position in U-Haul in the 2nd quarter valued at $33,000. State of Wyoming acquired a new stake in U-Haul in the third quarter valued at about $173,000. Brevan Howard Capital Management LP purchased a new stake in U-Haul in the 3rd quarter valued at approximately $218,000. Inscription Capital LLC acquired a new position in U-Haul during the 4th quarter worth approximately $223,000. Finally, FourThought Financial Partners LLC acquired a new position in U-Haul during the 3rd quarter worth approximately $227,000. Institutional investors and hedge funds own 3.63% of the company’s stock.

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.