U-Haul (NYSE:UHAL) Sets New 1-Year High - Here's Why

Key Points

• U-Haul shares hit a new 52-week high on Monday, trading as high as $68.48 before closing near $67.88, up about 0.6% on the day.
• Analyst sentiment remains mixed, but MarketBeat shows an average rating of “Moderate Buy” with an average price target of $80.00, even after one firm reiterated a sell rating and another upgraded the stock to hold.
• The company recently beat quarterly EPS estimates, reporting -$0.70 per share versus expectations of -$0.72, on revenue of $1.27 billion, while institutional investors have been increasing their holdings.

U-Haul Holding Company (NYSE:UHAL - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $68.48 and last traded at $67.8810, with a volume of 8568 shares trading hands. The stock had previously closed at $67.35.

Analysts Set New Price Targets

UHAL has been the topic of a number of research reports. Weiss Ratings reissued a "sell (d)" rating on shares of U-Haul in a research report on Wednesday, June 24th. Wall Street Zen raised shares of U-Haul from a "sell" rating to a "hold" rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $80.00.

U-Haul Stock Up 0.6%

The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.04. The firm has a 50 day simple moving average of $58.40 and a 200-day simple moving average of $53.77. The stock has a market cap of $13.29 billion, a P/E ratio of 282.58 and a beta of 1.11.

U-Haul (NYSE:UHAL - Get Free Report) last announced its earnings results on Wednesday, May 27th. The company reported ($0.70) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.02. U-Haul had a net margin of 1.38% and a return on equity of 1.06%. The business had revenue of $1.27 billion during the quarter. On average, equities research analysts forecast that U-Haul Holding Company will post 1.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On U-Haul

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Deltroit Asset Management UK LLP bought a new stake in shares of U-Haul during the 4th quarter valued at $5,182,000. ArrowMark Colorado Holdings LLC raised its stake in U-Haul by 108.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 157,800 shares of the company's stock valued at $9,006,000 after purchasing an additional 82,000 shares in the last quarter. Two Sigma Investments LP lifted its position in U-Haul by 64.3% during the third quarter. Two Sigma Investments LP now owns 174,120 shares of the company's stock worth $9,937,000 after purchasing an additional 68,150 shares during the period. Tudor Investment Corp ET AL grew its stake in U-Haul by 167.3% during the third quarter. Tudor Investment Corp ET AL now owns 95,393 shares of the company's stock worth $5,444,000 after buying an additional 59,699 shares in the last quarter. Finally, Trexquant Investment LP increased its holdings in U-Haul by 219.7% in the 4th quarter. Trexquant Investment LP now owns 60,536 shares of the company's stock valued at $3,052,000 after buying an additional 41,599 shares during the period. 3.63% of the stock is currently owned by institutional investors and hedge funds.

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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