U-Haul (NASDAQ:UHAL) Reaches New 12-Month Low – Here’s Why

U-Haul Holding (NASDAQ:UHAL) reached a new 52-week low on Monday . The stock traded as low as $51.99 and last traded at $52.3150, with a volume of 92529 shares trading hands. The stock had previously closed at $53.12.

Analysts Set New Price Targets

Separately, Vertical Research set a $80.00 price objective on U-Haul and gave the stock a “buy” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, U-Haul presently has an average rating of “Moderate Buy” and a consensus target price of $80.00.

U-Haul Stock Performance

The firm has a market capitalization of $10.29 billion, a PE ratio of 24.29 and a beta of 1.19. The business has a 50-day simple moving average of $56.05 and a 200-day simple moving average of $59.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.03 and a quick ratio of 1.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Old West Investment Management LLC raised its stake in shares of U-Haul by 6.9% in the third quarter. Old West Investment Management LLC now owns 152,786 shares of the transportation company’s stock valued at $8,719,000 after acquiring an additional 9,802 shares during the period. Parkwood LLC grew its holdings in U-Haul by 2.0% during the 2nd quarter. Parkwood LLC now owns 120,908 shares of the transportation company’s stock valued at $7,322,000 after purchasing an additional 2,362 shares during the last quarter. Gabelli Funds LLC raised its position in U-Haul by 11.7% in the 1st quarter. Gabelli Funds LLC now owns 34,167 shares of the transportation company’s stock worth $2,233,000 after purchasing an additional 3,567 shares during the period. Landscape Capital Management L.L.C. bought a new stake in U-Haul in the first quarter worth about $1,749,000. Finally, Trexquant Investment LP bought a new stake in U-Haul in the first quarter worth about $1,056,000. 3.63% of the stock is owned by hedge funds and other institutional investors.

U-Haul Company Profile

U-Haul Holding Co engages in the insurance and moving and storage businesses. It operates through the following business segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment includes the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces.