U-Haul (NYSE:UHAL) Sets New 1-Year High – What’s Next?

U-Haul Holding Company (NYSE:UHAL) hit a new 52-week high on Monday . The company traded as high as $73.06 and last traded at $72.9270, with a volume of 33223 shares changing hands. The stock had previously closed at $71.43.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UHAL shares. Citigroup began coverage on U-Haul in a research report on Wednesday, July 15th. They set an “outperform” rating on the stock. Citizens Jmp began coverage on shares of U-Haul in a research note on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price objective for the company. Weiss Ratings upgraded shares of U-Haul from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. Finally, Wall Street Zen downgraded shares of U-Haul from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.00.

U-Haul Stock Performance

The company has a debt-to-equity ratio of 1.04, a current ratio of 1.94 and a quick ratio of 1.73. The company has a market cap of $14.37 billion, a PE ratio of 305.34 and a beta of 1.11. The business has a fifty day simple moving average of $63.29 and a two-hundred day simple moving average of $55.42.

U-Haul (NYSE:UHAL) last announced its quarterly earnings results on Wednesday, May 27th. The company reported ($0.70) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.02. The business had revenue of $1.27 billion for the quarter. U-Haul had a return on equity of 1.06% and a net margin of 1.38%. Research analysts anticipate that U-Haul Holding Company will post 1.32 earnings per share for the current year.

Hedge Funds Weigh In On U-Haul

Several institutional investors and hedge funds have recently added to or reduced their stakes in UHAL. CX Institutional purchased a new stake in shares of U-Haul during the second quarter valued at about $56,000. Brevan Howard Capital Management LP purchased a new position in shares of U-Haul in the 3rd quarter worth approximately $218,000. Inscription Capital LLC bought a new position in shares of U-Haul during the 4th quarter worth approximately $223,000. Shay Capital LLC bought a new position in shares of U-Haul during the 3rd quarter worth approximately $257,000. Finally, Legacy Capital Group California Inc. lifted its position in U-Haul by 4.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock valued at $242,000 after acquiring an additional 204 shares during the last quarter. Hedge funds and other institutional investors 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.