U-Haul (NYSE:UHAL) Shares Break Above Two Hundred Day Moving Average on Insider Selling

Key Points

• U-Haul shares rose above their 200-day moving average of $58.49, reaching $60.10 before trading near $59.52, up approximately 3.5%.
• Analyst sentiment is mixed but leans positive, with a “Moderate Buy” consensus and an average price target of $85; ratings range from Strong Buy to Sell.
• U-Haul reported quarterly EPS of $0.58, missing the $0.85 consensus estimate, despite generating $1.68 billion in revenue. Institutional investors own 3.63% of the company and several funds recently increased or initiated positions.

U-Haul Holding Company (NYSE:UHAL - Get Free Report) crossed above its 200-day moving average during trading on Monday following insider buying activity. The stock has a 200-day moving average of $58.49 and traded as high as $60.10. U-Haul shares last traded at $59.5180, with a volume of 179,124 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UHAL. Citigroup started coverage on shares of U-Haul in a research note on Wednesday, July 15th. They issued an "outperform" rating for the company. Wall Street Zen upgraded shares of U-Haul from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of U-Haul in a research report on Thursday, October 22nd. Finally, Citizens Jmp assumed coverage on shares of U-Haul in a research report on Wednesday, July 15th. They issued a "mkt outperform" rating and a $90.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $85.00.

U-Haul Trading Up 3.5%

The firm has a market capitalization of $11.57 billion, a P/E ratio of 425.16 and a beta of 1.10. The company has a current ratio of 1.77, a quick ratio of 1.57 and a debt-to-equity ratio of 1.04. The stock has a 50 day simple moving average of $61.39 and a 200-day simple moving average of $58.49.

U-Haul (NYSE:UHAL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.27). U-Haul had a return on equity of 0.81% and a net margin of 1.05%. The business had revenue of $1.68 billion during the quarter. On average, equities research analysts forecast that U-Haul Holding Company will post 1.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UHAL. Chicago Partners Investment Group LLC increased its stake in shares of U-Haul by 23.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,284 shares of the company's stock worth $238,000 after purchasing an additional 805 shares in the last quarter. Vise Technologies Inc. bought a new stake in U-Haul during the third quarter valued at about $201,000. Engineers Gate Manager LP increased its position in U-Haul by 28.9% in the second quarter. Engineers Gate Manager LP now owns 11,072 shares of the company's stock worth $725,000 after buying an additional 2,482 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in U-Haul in the second quarter worth about $534,000. Finally, CX Institutional bought a new position in shares of U-Haul in the second quarter worth about $56,000. Hedge funds and other institutional investors own 3.63% of the company's stock.

U-Haul Company Profile

U-Haul, operated by U-Haul Holding Company NYSE: UHAL, provides do-it-yourself moving and storage services to residential and commercial customers. Its offerings include rental trucks, trailers, towing equipment, vehicle storage, moving supplies and related services.

The company also operates self-storage facilities and offers portable storage through its U-Box® containers. Customers can access moving labor, hitch installation and other transportation-related services through U-Haul's network of company-operated and independent dealer locations.

Founded in 1945 by Leonard Shoen, U-Haul serves customers throughout the United States and Canada.

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