Renaissance Technologies LLC Cuts Position in U-Haul Holding Company $UHAL

Key Points

• Renaissance Technologies cut its U-Haul position by 91.3% in the first quarter, selling 48,100 shares and retaining 4,600 shares valued at approximately $220,000. Institutional investors collectively own 3.63% of U-Haul’s stock.
• U-Haul shares opened at $72.62, near their 52-week high of $76.45, with a market capitalization of $14.12 billion. The company reported quarterly EPS of $0.58, below analysts’ $0.85 estimate, on revenue of $1.68 billion.
• Analyst sentiment is generally positive, with U-Haul carrying a “Moderate Buy” consensus rating and an average price target of $85.00; one firm initiated coverage with a $90.00 target.

Renaissance Technologies LLC reduced its position in shares of U-Haul Holding Company (NYSE:UHAL - Free Report) by 91.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,600 shares of the company's stock after selling 48,100 shares during the period. Renaissance Technologies LLC's holdings in U-Haul were worth $220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of UHAL. Brevan Howard Capital Management LP purchased a new stake in U-Haul in the third quarter valued at $218,000. Inscription Capital LLC purchased a new position in shares of U-Haul during the fourth quarter worth about $223,000. Legacy Capital Group California Inc. grew its holdings in shares of U-Haul by 4.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company's stock worth $242,000 after purchasing an additional 204 shares during the last quarter. Shay Capital LLC acquired a new stake in shares of U-Haul during the third quarter worth about $257,000. Finally, Clearbridge Investments LLC lifted its holdings in shares of U-Haul by 28.8% in the 4th quarter. Clearbridge Investments LLC now owns 6,700 shares of the company's stock valued at $338,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 3.63% of the company's stock.

U-Haul Stock Performance

Shares of UHAL stock opened at $72.62 on Thursday. The stock has a fifty day moving average price of $68.96 and a 200 day moving average price of $57.28. The stock has a market cap of $14.12 billion, a PE ratio of 518.72 and a beta of 1.10. U-Haul Holding Company has a 1 year low of $41.94 and a 1 year high of $76.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.57 and a current ratio of 1.77.

U-Haul (NYSE:UHAL - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $1.68 billion for the quarter. U-Haul had a return on equity of 0.81% and a net margin of 1.05%. Sell-side analysts forecast that U-Haul Holding Company will post 1.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in 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. Citizens Jmp started coverage on U-Haul in a research report on Wednesday, July 15th. They issued a "mkt outperform" rating and a $90.00 price target on the stock. Wall Street Zen raised U-Haul from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised 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 given a Sell rating to the stock. Based on data from MarketBeat, U-Haul presently has an average rating of "Moderate Buy" and an average target price of $85.00.

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.

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