U-Haul Holding (NASDAQ:UHAL) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP grew its position in shares of U-Haul Holding (NASDAQ:UHAL – Get Rating) by 828.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 142,906 shares of the transportation company’s stock after purchasing an additional 127,509 shares during the quarter. First Trust Advisors LP owned approximately 0.07% of U-Haul worth $8,602,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in U-Haul by 18.1% in the 1st quarter. JPMorgan Chase & Co. now owns 15,149 shares of the transportation company’s stock valued at $9,036,000 after purchasing an additional 2,319 shares in the last quarter. American Century Companies Inc. increased its stake in shares of U-Haul by 24.8% in the first quarter. American Century Companies Inc. now owns 2,010 shares of the transportation company’s stock valued at $1,200,000 after purchasing an additional 399 shares during the period. Citigroup Inc. increased its stake in shares of U-Haul by 6.8% in the first quarter. Citigroup Inc. now owns 4,734 shares of the transportation company’s stock valued at $2,826,000 after purchasing an additional 303 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of U-Haul by 3.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,089 shares of the transportation company’s stock valued at $650,000 after acquiring an additional 32 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of U-Haul by 2.8% during the first quarter. Bank of Montreal Can now owns 1,453 shares of the transportation company’s stock valued at $891,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Insider Activity

In other news, major shareholder Mark V. Shoen purchased 24,900 shares of U-Haul stock in a transaction on Thursday, March 23rd. The shares were purchased at an average cost of $56.41 per share, for a total transaction of $1,404,609.00. Following the completion of the transaction, the insider now directly owns 24,900 shares in the company, valued at $1,404,609. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 43.20% of the stock is owned by company insiders.

U-Haul Stock Down 0.4 %

U-Haul stock opened at $62.57 on Friday. The company has a market capitalization of $12.27 billion, a P/E ratio of 12.72 and a beta of 0.98. The firm’s fifty day simple moving average is $59.94 and its 200-day simple moving average is $61.41. The company has a current ratio of 4.40, a quick ratio of 4.19 and a debt-to-equity ratio of 0.94. U-Haul Holding has a 1-year low of $44.79 and a 1-year high of $70.57.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of U-Haul in a research note on Thursday, May 18th. They issued a “hold” rating for the company.

U-Haul Company Profile

(Get Rating)

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.