U-Haul (NASDAQ:UHAL) Stock Price Crosses Above 200-Day Moving Average of $61.86

U-Haul Holding (NASDAQ:UHAL)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $61.86 and traded as high as $64.60. U-Haul shares last traded at $63.19, with a volume of 85,309 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded U-Haul from a “hold” rating to a “sell” rating in a research note on Saturday, February 24th.

U-Haul Price Performance

The company has a market capitalization of $12.39 billion, a P/E ratio of 19.44 and a beta of 1.07. The firm’s fifty day moving average is $65.77 and its 200 day moving average is $61.86. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.07 and a current ratio of 3.29.

U-Haul (NASDAQ:UHAL) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.36). U-Haul had a return on equity of 9.52% and a net margin of 11.67%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. As a group, analysts predict that U-Haul Holding will post 3.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John P. Brogan sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $64.32, for a total transaction of $192,960.00. Following the sale, the director now owns 43,987 shares in the company, valued at $2,829,243.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 50.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On U-Haul

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of U-Haul by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 838,723 shares of the transportation company’s stock worth $427,094,000 after acquiring an additional 9,079 shares during the last quarter. FMR LLC increased its position in shares of U-Haul by 109.4% in the 1st quarter. FMR LLC now owns 478,687 shares of the transportation company’s stock valued at $28,554,000 after purchasing an additional 250,046 shares during the last quarter. BlackRock Inc. increased its position in shares of U-Haul by 11.2% in the 1st quarter. BlackRock Inc. now owns 423,497 shares of the transportation company’s stock valued at $25,262,000 after purchasing an additional 42,560 shares during the last quarter. Millennium Management LLC grew its position in shares of U-Haul by 28,416.3% in the 4th quarter. Millennium Management LLC now owns 375,560 shares of the transportation company’s stock valued at $22,605,000 after buying an additional 374,243 shares during the last quarter. Finally, Old West Investment Management LLC grew its position in shares of U-Haul by 1.0% in the 3rd quarter. Old West Investment Management LLC now owns 176,235 shares of the transportation company’s stock valued at $9,617,000 after buying an additional 1,761 shares during the last quarter. 3.63% of the stock is currently owned by institutional investors and hedge funds.

U-Haul Company Profile

U-Haul Holding Company operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.