U-Haul (NYSE:UHAL) Stock Price Down 2.1% - Here's Why

Key Points

• U-Haul shares fell 2.1% to $55.61 in Friday trading, with volume below the stock’s average session level.
• The company reported quarterly EPS of $0.58, missing analyst expectations of $0.85 by $0.27, despite generating $1.68 billion in revenue.
• Analyst sentiment remains mixed but leans positive, with a consensus “Moderate Buy” rating and an average price target of $85.00; several institutional investors also recently initiated or increased positions.

U-Haul Holding Company (NYSE:UHAL - Get Free Report)'s share price traded down 2.1% on Friday. The company traded as low as $55.33 and last traded at $55.61. Approximately 113,969 shares changed hands during trading, a decline of 20% from the average session volume of 143,033 shares. The stock had previously closed at $56.80.

Wall Street Analysts Forecast Growth

UHAL has been the subject of several research reports. Citigroup started coverage on U-Haul in a research note on Wednesday, July 15th. They set an "outperform" rating for the company. Citizens Jmp started coverage on shares of U-Haul in a report on Wednesday, July 15th. They set a "mkt outperform" rating and a $90.00 price objective on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of U-Haul in a research report on Thursday. Finally, Wall Street Zen upgraded shares of U-Haul from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, U-Haul has a consensus rating of "Moderate Buy" and an average target price of $85.00.

U-Haul Trading Down 2.1%

The stock has a market cap of $10.81 billion, a PE ratio of 397.24 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 firm has a fifty day simple moving average of $63.17 and a two-hundred day simple moving average of $61.65.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UHAL. Inceptionr LLC purchased a new stake in U-Haul during the 1st quarter valued at $709,000. Maverick Capital Ltd. purchased a new stake in U-Haul during the first quarter valued at approximately $651,000. Caxton Associates LLP bought a new position in U-Haul in the 1st quarter worth $496,000. GSA Capital Partners LLP purchased a new position in U-Haul during the second quarter valued at $534,000. Finally, Engineers Gate Manager LP grew its holdings in U-Haul by 28.9% during the second quarter. Engineers Gate Manager LP now owns 11,072 shares of the company's stock valued at $725,000 after purchasing an additional 2,482 shares during the period. Institutional investors own 3.63% of the company's stock.

About U-Haul

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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