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

U-Haul Holding Company (NYSE:UHAL) hit a new 52-week high during trading on Monday . The company traded as high as $72.95 and last traded at $71.2950, with a volume of 242867 shares changing hands. The stock had previously closed at $71.30.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citizens Jmp began coverage on shares of U-Haul in a report on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price target on the stock. Citigroup started coverage on shares of U-Haul in a research note on Wednesday, July 15th. They set an “outperform” rating for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of U-Haul in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of U-Haul from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

U-Haul Stock Up 0.1%

The firm has a market cap of $13.92 billion, a price-to-earnings ratio of 295.80 and a beta of 1.11. The business’s 50 day moving average price is $60.99 and its 200 day moving average price is $54.71. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.73 and a current ratio of 1.94.

U-Haul (NYSE:UHAL) last posted its earnings results on Wednesday, May 27th. The company reported ($0.70) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.02. U-Haul had a net margin of 1.38% and a return on equity of 1.06%. The firm had revenue of $1.27 billion during the quarter. On average, equities analysts forecast that U-Haul Holding Company will post 1.32 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL grew its position in shares of U-Haul by 167.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 95,393 shares of the company’s stock valued at $5,444,000 after acquiring an additional 59,699 shares during the period. Deltroit Asset Management UK LLP acquired a new position in U-Haul in the 4th quarter worth about $5,182,000. Virtu Financial LLC raised its holdings in U-Haul by 127.8% in the 4th quarter. Virtu Financial LLC now owns 34,159 shares of the company’s stock worth $1,722,000 after purchasing an additional 19,165 shares during the period. ArrowMark Colorado Holdings LLC boosted its position in U-Haul by 38.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 217,800 shares of the company’s stock worth $10,979,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Parkwood LLC boosted its position in U-Haul by 12.4% during the third quarter. Parkwood LLC now owns 135,872 shares of the company’s stock worth $7,754,000 after purchasing an additional 14,964 shares in the last quarter. Institutional investors and hedge funds own 3.63% of the company’s stock.

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.