U-Haul (NYSE:UHAL) Reaches New 12-Month High – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of U-Haul in a research report on Wednesday, June 24th. Wall Street Zen upgraded 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

U-Haul Trading Up 0.9%

The firm’s 50-day simple moving average is $59.09 and its 200 day simple moving average is $54.01. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.94 and a quick ratio of 1.73. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 286.27 and a beta of 1.11.

U-Haul (NYSE:UHAL) last issued its earnings results on Wednesday, May 27th. The company reported ($0.70) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.02. U-Haul had a return on equity of 1.06% and a net margin of 1.38%.The firm had revenue of $1.27 billion for the quarter. Equities analysts expect that U-Haul Holding Company will post 1.32 earnings per share for the current year.

Institutional Trading of U-Haul

Large investors have recently bought and sold shares of the business. Legacy Capital Group California Inc. raised its stake in U-Haul by 4.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock worth $242,000 after buying an additional 204 shares during the period. Old West Investment Management LLC grew its stake in U-Haul by 0.4% in the fourth quarter. Old West Investment Management LLC now owns 153,350 shares of the company’s stock valued at $7,730,000 after acquiring an additional 564 shares during the period. CX Institutional acquired a new stake in U-Haul in the second quarter valued at approximately $56,000. Clearbridge Investments LLC increased its holdings in shares of U-Haul by 28.8% during the fourth quarter. Clearbridge Investments LLC now owns 6,700 shares of the company’s stock valued at $338,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of U-Haul during the third quarter valued at approximately $218,000. 3.63% of the stock is owned by institutional investors and hedge funds.

U-Haul Company Profile

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.