Voloridge Investment Management LLC Reduces Stock Position in U-Haul Holding (NASDAQ:UHAL)

Voloridge Investment Management LLC reduced its holdings in shares of U-Haul Holding (NASDAQ:UHAL - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,276 shares of the transportation company's stock after selling 6,265 shares during the period. Voloridge Investment Management LLC's holdings in U-Haul were worth $5,961,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd grew its holdings in shares of U-Haul by 5.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,990 shares of the transportation company's stock valued at $207,000 after buying an additional 142 shares during the last quarter. Optas LLC purchased a new position in shares of U-Haul in the fourth quarter worth $219,000. Versor Investments LP purchased a new stake in shares of U-Haul during the fourth quarter valued at $221,000. Legacy Capital Group California Inc. lifted its stake in U-Haul by 7.5% during the 4th quarter. Legacy Capital Group California Inc. now owns 3,383 shares of the transportation company's stock valued at $234,000 after acquiring an additional 237 shares during the period. Finally, Farringdon Capital Ltd. purchased a new stake in shares of U-Haul during the 4th quarter valued at about $333,000. 3.63% of the stock is owned by hedge funds and other institutional investors.

U-Haul Stock Performance

Shares of UHAL stock traded up $0.05 during trading hours on Friday, reaching $63.28. 32,191 shares of the company traded hands, compared to its average volume of 98,017. U-Haul Holding has a 12-month low of $56.28 and a 12-month high of $79.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.03 and a quick ratio of 1.83. The company has a market cap of $12.41 billion, a P/E ratio of 29.28 and a beta of 1.27. The firm has a 50-day moving average price of $62.71 and a 200 day moving average price of $67.64.

U-Haul Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%.

Analyst Upgrades and Downgrades

Separately, Wolfe Research initiated coverage on shares of U-Haul in a report on Monday, May 19th. They issued a "peer perform" rating on the stock.

About U-Haul

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.