U-Haul (NYSE:UHAL) Reaches New 52-Week High – Here’s What Happened

U-Haul Holding Company (NYSE:UHAL)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $74.13 and last traded at $73.8180, with a volume of 135178 shares changing hands. The stock had previously closed at $71.65.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citizens Jmp began coverage on shares of U-Haul in a research report on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price target for the company. Wall Street Zen cut shares of U-Haul from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Weiss Ratings upgraded shares of U-Haul from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 24th. Finally, Citigroup began coverage on U-Haul in a research note on Wednesday, July 15th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, U-Haul currently has an average rating of “Moderate Buy” and an average target price of $85.00.

U-Haul Stock Up 3.0%

The company has a current ratio of 1.94, a quick ratio of 1.73 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $14.47 billion, a P/E ratio of 307.57 and a beta of 1.10. The stock’s 50-day simple moving average is $64.91 and its 200-day simple moving average is $55.88.

U-Haul (NYSE:UHAL) last posted its quarterly earnings results on Wednesday, May 27th. The company reported ($0.70) earnings per share for the quarter, beating 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 company had revenue of $1.27 billion during the quarter. As a group, research analysts predict that U-Haul Holding Company will post 1.32 earnings per share for the current fiscal year.

Institutional Trading of U-Haul

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CX Institutional purchased a new position in U-Haul in the 2nd quarter worth approximately $56,000. Maverick Capital Ltd. bought a new stake in shares of U-Haul during the 1st quarter worth $651,000. Caxton Associates LLP purchased a new position in U-Haul in the first quarter worth $496,000. Inceptionr LLC bought a new position in U-Haul in the first quarter valued at $709,000. Finally, State of Wyoming raised its position in U-Haul by 215.2% during the first quarter. State of Wyoming now owns 7,860 shares of the company’s stock valued at $376,000 after purchasing an additional 5,366 shares in the last quarter. Institutional investors own 3.63% of the company’s stock.

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.