U-Haul (NASDAQ:UHAL) Reaches New 12-Month Low – Should You Sell?

U-Haul Holding (NASDAQ:UHAL) shares hit a new 52-week low during trading on Thursday . The company traded as low as $48.21 and last traded at $48.2250, with a volume of 30194 shares. The stock had previously closed at $49.52.

Analyst Upgrades and Downgrades

Separately, Vertical Research set a $80.00 target price on U-Haul and gave the company a “buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.00.

U-Haul Stock Performance

The company’s 50-day simple moving average is $53.79 and its 200 day simple moving average is $55.03. The stock has a market cap of $9.57 billion, a P/E ratio of 22.59 and a beta of 1.13. The company has a current ratio of 2.03, a quick ratio of 1.83 and a debt-to-equity ratio of 0.89.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of UHAL. Ameritas Advisory Services LLC bought a new stake in shares of U-Haul during the 2nd quarter worth $33,000. Versor Investments LP increased its holdings in U-Haul by 116.6% during the second quarter. Versor Investments LP now owns 13,865 shares of the transportation company’s stock worth $840,000 after buying an additional 7,465 shares during the last quarter. Old West Investment Management LLC raised its position in U-Haul by 5.5% in the second quarter. Old West Investment Management LLC now owns 142,984 shares of the transportation company’s stock worth $8,659,000 after acquiring an additional 7,475 shares during the period. Parkwood LLC boosted its stake in U-Haul by 2.0% in the second quarter. Parkwood LLC now owns 120,908 shares of the transportation company’s stock valued at $7,322,000 after acquiring an additional 2,362 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of U-Haul during the 2nd quarter valued at approximately $654,000. Institutional investors own 3.63% of the company’s stock.

About U-Haul

U-Haul International, operating under its parent company AMERCO (NASDAQ: UHAL), is a leading provider of do-it-yourself moving and storage solutions in North America. Established in 1945 by Leonard Shoen, the company has grown from a regional rental business in Ridgefield, Washington, into a broad network of thousands of locations across the United States and Canada. U-Haul’s core offering centers on one-way and local truck and trailer rentals tailored to the needs of both individual and commercial customers.

In addition to its fleet of rental trucks and trailers, U-Haul offers a comprehensive range of moving and storage products.