Wall Street Zen Upgrades U-Haul (NYSE:UHAL) to Hold

U-Haul (NYSE:UHAL) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other research analysts have also commented on UHAL. Citigroup assumed coverage on shares of U-Haul in a research note on Wednesday, July 15th. They set an “outperform” rating on the stock. Weiss Ratings raised shares of U-Haul from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 24th. Finally, Citizens Jmp assumed coverage on shares of U-Haul in a report on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

U-Haul Trading Down 0.1%

Shares of NYSE UHAL opened at $75.22 on Friday. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 537.33 and a beta of 1.10. The business has a 50 day simple moving average of $66.47 and a 200 day simple moving average of $56.37. U-Haul has a 52 week low of $41.94 and a 52 week high of $76.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.57 and a current ratio of 1.77.

U-Haul (NYSE:UHAL) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.27). The business had revenue of $1.68 billion for the quarter. U-Haul had a net margin of 1.05% and a return on equity of 0.81%. On average, research analysts predict that U-Haul will post 1.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On U-Haul

Large investors have recently added to or reduced their stakes in the stock. ArrowMark Colorado Holdings LLC raised its position in shares of U-Haul by 38.0% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 217,800 shares of the company’s stock valued at $10,979,000 after purchasing an additional 60,000 shares during the period. Two Sigma Investments LP lifted its stake in shares of U-Haul by 64.3% in the third quarter. Two Sigma Investments LP now owns 174,120 shares of the company’s stock worth $9,937,000 after buying an additional 68,150 shares during the last quarter. Old West Investment Management LLC boosted its holdings in shares of U-Haul by 0.4% during the 4th quarter. Old West Investment Management LLC now owns 153,350 shares of the company’s stock worth $7,730,000 after buying an additional 564 shares during the period. Parkwood LLC boosted its holdings in shares of U-Haul by 12.4% during the 3rd quarter. Parkwood LLC now owns 135,872 shares of the company’s stock worth $7,754,000 after buying an additional 14,964 shares during the period. Finally, Orvieto Partners L.P. grew its stake in U-Haul by 8.7% in the 4th quarter. Orvieto Partners L.P. now owns 127,000 shares of the company’s stock valued at $6,402,000 after buying an additional 10,134 shares during the last quarter. 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.