U-Haul (NASDAQ:UHAL) Reaches New 52-Week Low – Time to Sell?

U-Haul Holding (NASDAQ:UHAL)’s stock price reached 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.

Wall Street Analysts Forecast Growth

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

U-Haul Price Performance

The business’s 50 day moving average is $53.79 and its two-hundred day moving average is $55.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.83 and a current ratio of 2.03. The firm has a market capitalization of $9.57 billion, a PE ratio of 22.59 and a beta of 1.13.

Institutional Trading of U-Haul

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Investments LP boosted its stake in U-Haul by 64.3% in the 3rd quarter. Two Sigma Investments LP now owns 174,120 shares of the transportation company’s stock worth $9,937,000 after purchasing an additional 68,150 shares during the period. ArrowMark Colorado Holdings LLC boosted its position in shares of U-Haul by 108.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 157,800 shares of the transportation company’s stock valued at $9,006,000 after acquiring an additional 82,000 shares during the period. Old West Investment Management LLC boosted its position in shares of U-Haul by 6.9% in the third quarter. Old West Investment Management LLC now owns 152,786 shares of the transportation company’s stock valued at $8,719,000 after acquiring an additional 9,802 shares during the period. Parkwood LLC grew its stake in U-Haul by 12.4% during the third quarter. Parkwood LLC now owns 135,872 shares of the transportation company’s stock valued at $7,754,000 after acquiring an additional 14,964 shares in the last quarter. Finally, Orvieto Partners L.P. increased its holdings in U-Haul by 8.7% during the 4th quarter. Orvieto Partners L.P. now owns 127,000 shares of the transportation company’s stock worth $6,402,000 after acquiring an additional 10,134 shares during the period. 3.63% of the stock is currently owned by institutional investors.

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.