U-Haul (NYSE:UHAL) Stock Price Up 9.9% Following Strong Earnings

U-Haul Holding Company (NYSE:UHAL)’s stock price shot up 9.9% on Thursday following a stronger than expected earnings report. The company traded as high as $57.33 and last traded at $57.2090. 245,106 shares were traded during trading, an increase of 15% from the average session volume of 213,198 shares. The stock had previously closed at $52.04.

The company reported ($0.70) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.02. The company had revenue of $1.27 billion for the quarter. U-Haul had a return on equity of 1.64% and a net margin of 2.14%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of U-Haul in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, U-Haul currently has a consensus rating of “Moderate Buy” and an average target price of $80.00.

Institutional Trading of U-Haul

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Maverick Capital Ltd. bought a new stake in shares of U-Haul during the first quarter worth $651,000. Caxton Associates LLP acquired a new position in U-Haul in the first quarter valued at $496,000. Inceptionr LLC acquired a new position in U-Haul in the first quarter valued at $709,000. State of Wyoming lifted its holdings in U-Haul by 215.2% in the first quarter. State of Wyoming now owns 7,860 shares of the company’s stock valued at $376,000 after buying an additional 5,366 shares during the period. Finally, Virtu Financial LLC lifted its holdings in U-Haul by 127.8% in the fourth quarter. Virtu Financial LLC now owns 34,159 shares of the company’s stock valued at $1,722,000 after buying an additional 19,165 shares during the period. Institutional investors own 3.63% of the company’s stock.

U-Haul Trading Up 10.4%

The firm has a market cap of $11.26 billion, a price-to-earnings ratio of 119.50 and a beta of 1.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.26 and a quick ratio of 2.04. The firm’s fifty day moving average is $49.67 and its 200-day moving average is $51.37.

U-Haul Company Profile

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.