U-Haul (NASDAQ:UHAL) Stock Passes Above 200-Day Moving Average – Here’s What Happened

U-Haul Holding (NASDAQ:UHAL)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $70.30 and traded as high as $71.84. U-Haul shares last traded at $71.56, with a volume of 66,125 shares changing hands.

U-Haul Trading Up 0.4 %

The business’s 50-day moving average price is $70.62 and its 200 day moving average price is $70.42. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 28.84 and a beta of 1.09. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.33 and a quick ratio of 2.16.

U-Haul (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, November 6th. The transportation company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.46). U-Haul had a return on equity of 6.46% and a net margin of 8.39%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm posted $1.36 EPS. On average, equities analysts forecast that U-Haul Holding will post 2.31 earnings per share for the current fiscal year.

Institutional Trading of U-Haul

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lord Abbett & CO. LLC acquired a new stake in U-Haul during the third quarter worth about $17,358,000. Old West Investment Management LLC grew its holdings in shares of U-Haul by 11.7% during the third quarter. Old West Investment Management LLC now owns 125,947 shares of the transportation company’s stock valued at $9,758,000 after purchasing an additional 13,143 shares during the last quarter. Applied Fundamental Research LLC raised its position in shares of U-Haul by 12.9% during the 2nd quarter. Applied Fundamental Research LLC now owns 61,300 shares of the transportation company’s stock worth $3,784,000 after purchasing an additional 7,021 shares during the period. Verition Fund Management LLC lifted its holdings in shares of U-Haul by 93.6% in the 3rd quarter. Verition Fund Management LLC now owns 8,371 shares of the transportation company’s stock worth $649,000 after purchasing an additional 4,047 shares during the last quarter. Finally, Intellectus Partners LLC boosted its position in U-Haul by 5.4% during the 3rd quarter. Intellectus Partners LLC now owns 5,340 shares of the transportation company’s stock valued at $414,000 after purchasing an additional 275 shares during the period. Institutional investors and hedge funds own 3.63% of the company’s stock.

About U-Haul

U-Haul Holding Co engages in the insurance and moving and storage businesses. It operates through the following business segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment includes the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces.