U-Haul (NYSE:UHAL) Hits New 12-Month Low – Here’s Why

U-Haul Holding Company (NYSE:UHAL)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $45.15 and last traded at $45.0110, with a volume of 8287 shares. The stock had previously closed at $45.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of U-Haul in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, U-Haul currently has an average rating of “Hold” and an average price target of $80.00.

U-Haul Stock Performance

The company has a debt-to-equity ratio of 1.02, a current ratio of 2.26 and a quick ratio of 2.04. The firm has a market capitalization of $8.41 billion, a PE ratio of 89.32 and a beta of 1.12. The company’s fifty day simple moving average is $52.38 and its 200 day simple moving average is $53.50.

U-Haul (NYSE:UHAL) last posted its earnings results on Wednesday, February 4th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.01. The firm had revenue of $1.42 billion during the quarter. U-Haul had a net margin of 2.14% and a return on equity of 1.64%.

Institutional Investors Weigh In On U-Haul

Institutional investors have recently made changes to their positions in the stock. State of Wyoming purchased a new position in shares of U-Haul in the third quarter valued at $173,000. Brevan Howard Capital Management LP bought a new position in U-Haul in the 3rd quarter worth about $218,000. FourThought Financial Partners LLC purchased a new position in U-Haul during the 3rd quarter valued at about $227,000. Optas LLC bought a new stake in shares of U-Haul during the third quarter valued at about $236,000. Finally, Inscription Capital LLC bought a new stake in shares of U-Haul during the fourth quarter valued at about $223,000. Hedge funds and other institutional investors 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.