U-Haul (NYSE:UHAL) Sets New 1-Year High – Still a Buy?

U-Haul Holding Company (NYSE:UHAL)’s stock price reached 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 trading hands. The stock had previously closed at $66.46.

Wall Street Analyst Weigh In

UHAL has been the subject of several research analyst reports. Wall Street Zen upgraded 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 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, U-Haul currently has a consensus rating of “Moderate Buy” and an average price target of $80.00.

U-Haul Stock Up 0.9%

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 company has a market capitalization of $13.15 billion, a P/E ratio of 279.66 and a beta of 1.11. The firm’s 50 day moving average price is $56.41 and its two-hundred day moving average price is $53.05.

U-Haul (NYSE:UHAL) last announced its quarterly earnings data on Wednesday, May 27th. The company reported ($0.70) EPS for the quarter, topping 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 business had revenue of $1.27 billion for the quarter. Equities research analysts forecast that U-Haul Holding Company will post 1.32 EPS for the current year.

Institutional Investors Weigh In On U-Haul

A number of institutional investors and hedge funds have recently made changes to their positions in UHAL. CX Institutional bought a new stake in U-Haul during the second quarter worth $56,000. Brevan Howard Capital Management LP acquired a new position in shares of U-Haul during the 3rd quarter worth about $218,000. Inscription Capital LLC acquired a new position in shares of U-Haul during the 4th quarter worth about $223,000. FourThought Financial Partners LLC bought a new stake in shares of U-Haul in the 3rd quarter valued at about $227,000. Finally, Legacy Capital Group California Inc. lifted its stake in U-Haul by 4.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock valued at $242,000 after purchasing an additional 204 shares during 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.