Wall Street Zen Upgrades U-Haul (NYSE:UHAL) to Hold

U-Haul (NYSE:UHAL) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of U-Haul in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.00.

U-Haul Price Performance

NYSE:UHAL traded up $0.26 during mid-day trading on Friday, hitting $67.30. 166,646 shares of the stock traded hands, compared to its average volume of 240,050. The business’s 50-day moving average price is $58.40 and its 200 day moving average price is $53.75. The company has a market cap of $13.20 billion, a PE ratio of 280.40 and a beta of 1.11. U-Haul has a 12-month low of $41.94 and a 12-month high of $68.25. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.04.

U-Haul (NYSE:UHAL) last posted its earnings results on Wednesday, May 27th. The company reported ($0.70) earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter. On average, analysts expect that U-Haul will post 1.32 EPS for the current fiscal year.

Institutional Investors Weigh In On U-Haul

Several hedge funds have recently bought and sold shares of UHAL. Deltroit Asset Management UK LLP bought a new position in shares of U-Haul during the 4th quarter valued at about $5,182,000. ArrowMark Colorado Holdings LLC raised its holdings in shares of U-Haul by 108.2% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 157,800 shares of the company’s stock valued at $9,006,000 after buying an additional 82,000 shares in the last quarter. Two Sigma Investments LP lifted its position in U-Haul by 64.3% in the 3rd quarter. Two Sigma Investments LP now owns 174,120 shares of the company’s stock worth $9,937,000 after buying an additional 68,150 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in U-Haul by 167.3% in the 3rd 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 during the last quarter. Finally, Trexquant Investment LP boosted its stake in U-Haul by 219.7% in the fourth quarter. Trexquant Investment LP now owns 60,536 shares of the company’s stock worth $3,052,000 after buying an additional 41,599 shares in the last quarter. 3.63% of the stock is currently owned by institutional investors.

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.