U-Haul (NYSE:UHAL) Shares Gap Down – Should You Sell?

U-Haul Holding Company (NYSE:UHAL)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $67.19, but opened at $63.52. U-Haul shares last traded at $63.4840, with a volume of 864 shares changing hands.

Wall Street Analyst Weigh In

UHAL has been the topic of a number of recent analyst reports. Citizens Jmp initiated coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 price target on the stock. Wall Street Zen upgraded shares of U-Haul from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Citigroup started coverage on U-Haul in a report on Wednesday, July 15th. They set an “outperform” rating on the stock. Finally, Weiss Ratings upgraded U-Haul from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

U-Haul Trading Down 0.4%

The company has a debt-to-equity ratio of 1.04, a current ratio of 1.77 and a quick ratio of 1.57. The business has a fifty day moving average of $70.34 and a 200-day moving average of $58.89. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 454.89 and a beta of 1.08.

U-Haul (NYSE:UHAL) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.27). U-Haul had a net margin of 1.05% and a return on equity of 0.81%. The business had revenue of $1.68 billion during the quarter. On average, equities analysts anticipate that U-Haul Holding Company will post 1.32 earnings per share for the current fiscal year.

Institutional Trading of U-Haul

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CX Institutional acquired a new position in U-Haul in the second quarter worth approximately $56,000. Brevan Howard Capital Management LP acquired a new stake in shares of U-Haul during the 3rd quarter valued at $218,000. Shay Capital LLC acquired a new stake in shares of U-Haul during the 3rd quarter valued at $257,000. Clearbridge Investments LLC boosted its stake in shares of U-Haul by 28.8% during the 4th quarter. Clearbridge Investments LLC now owns 6,700 shares of the company’s stock worth $338,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of U-Haul in the 3rd quarter worth $349,000. 3.63% of the stock is owned by institutional investors and hedge funds.

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.