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

U-Haul Holding Company (NYSE:UHAL) hit a new 52-week high on Thursday . The stock traded as high as $67.60 and last traded at $67.2750, with a volume of 4951 shares changing hands. The stock had previously closed at $66.46.

Wall Street Analyst Weigh In

Several analysts have commented on UHAL shares. Wall Street Zen upgraded shares of U-Haul from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Weiss Ratings restated a “sell (d)” rating on shares of U-Haul in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

U-Haul Stock Up 0.9%

The business’s 50-day moving average is $56.41 and its two-hundred day moving average is $53.05. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 279.66 and a beta of 1.11. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.73 and a current ratio of 1.94.

U-Haul (NYSE:UHAL) last issued its quarterly earnings data on Wednesday, May 27th. The company reported ($0.70) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.27 billion during the quarter. On average, equities analysts anticipate that U-Haul Holding Company will post 1.32 earnings per share for the current year.

Hedge Funds Weigh In On U-Haul

Several institutional investors and hedge funds have recently made changes to their positions in UHAL. Tudor Investment Corp ET AL raised its stake in U-Haul by 167.3% during 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 period. ArrowMark Colorado Holdings LLC lifted its holdings in U-Haul by 108.2% during the third quarter. ArrowMark Colorado Holdings LLC now owns 157,800 shares of the company’s stock worth $9,006,000 after acquiring an additional 82,000 shares in the last quarter. Deltroit Asset Management UK LLP acquired a new position in U-Haul in the fourth quarter valued at about $5,182,000. Virtu Financial LLC grew its stake in U-Haul by 127.8% in the fourth quarter. Virtu Financial LLC now owns 34,159 shares of the company’s stock valued at $1,722,000 after acquiring an additional 19,165 shares during the period. Finally, Maverick Capital Ltd. bought a new stake in shares of U-Haul in the first quarter worth about $651,000. Institutional investors and hedge funds own 3.63% of the company’s stock.

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.