U-Haul (NYSE:UHAL) Stock Crosses Above Two Hundred Day Moving Average After Insider Selling

U-Haul Holding Company (NYSE:UHAL) passed above its two hundred day moving average during trading on Monday after an insider bought additional shares in the company. The stock has a two hundred day moving average of $58.49 and traded as high as $60.10. U-Haul shares last traded at $59.5180, with a volume of 179,124 shares changing hands.

Analysts Set New Price Targets

UHAL has been the topic of several analyst reports. Wall Street Zen raised shares of U-Haul from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of U-Haul in a research note on Thursday, October 22nd. Citizens Jmp started coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 price objective on the stock. Finally, Citigroup assumed coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set an “outperform” rating on the stock. One 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 stock. Based on data from MarketBeat.com, U-Haul has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

U-Haul Stock Performance

The company has a quick ratio of 1.57, a current ratio of 1.77 and a debt-to-equity ratio of 1.04. The business has a 50 day moving average price of $61.39 and a two-hundred day moving average price of $58.49. The stock has a market cap of $11.57 billion, a P/E ratio of 425.16 and a beta of 1.10.

U-Haul (NYSE:UHAL) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.27). U-Haul had a return on equity of 0.81% and a net margin of 1.05%. The business had revenue of $1.68 billion during the quarter. On average, sell-side analysts forecast that U-Haul Holding Company will post 1.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On U-Haul

Institutional investors and hedge funds have recently modified their holdings of the stock. CX Institutional purchased a new position in shares of U-Haul in the second quarter worth $56,000. Vise Technologies Inc. purchased a new position in U-Haul during the third quarter valued at $201,000. Chicago Partners Investment Group LLC increased its holdings in U-Haul by 23.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,284 shares of the company’s stock valued at $238,000 after acquiring an additional 805 shares during the last quarter. State of Wyoming increased its holdings in U-Haul by 215.2% in the 1st quarter. State of Wyoming now owns 7,860 shares of the company’s stock valued at $376,000 after acquiring an additional 5,366 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in U-Haul in the 1st quarter valued at $496,000. Institutional investors own 3.63% of the company’s stock.

U-Haul Company Profile

U-Haul, operated by U-Haul Holding Company (NYSE: UHAL), provides do-it-yourself moving and storage services to residential and commercial customers. Its offerings include rental trucks, trailers, towing equipment, vehicle storage, moving supplies and related services.

The company also operates self-storage facilities and offers portable storage through its U-Box® containers. Customers can access moving labor, hitch installation and other transportation-related services through U-Haul’s network of company-operated and independent dealer locations.

Founded in 1945 by Leonard Shoen, U-Haul serves customers throughout the United States and Canada.