U-Haul (NASDAQ:UHAL) Now Covered by Analysts at Wolfe Research

Wolfe Research initiated coverage on shares of U-Haul (NASDAQ:UHAL) in a research report released on Monday morning. The brokerage issued a peer perform rating on the transportation company’s stock.

U-Haul Price Performance

UHAL stock opened at $65.12 on Monday. The business’s 50-day moving average is $62.88 and its two-hundred day moving average is $68.25. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.03 and a quick ratio of 1.83. The firm has a market capitalization of $12.77 billion, a P/E ratio of 30.15 and a beta of 1.27. U-Haul has a 1 year low of $56.28 and a 1 year high of $79.04.

U-Haul Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%.

Insider Transactions at U-Haul

In related news, major shareholder Mark V. Shoen sold 12,500 shares of U-Haul stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $65.86, for a total value of $823,250.00. Following the transaction, the insider now directly owns 667,500 shares in the company, valued at $43,961,550. This trade represents a 1.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 50.10% of the company’s stock.

Institutional Trading of U-Haul

A number of institutional investors have recently added to or reduced their stakes in UHAL. Optas LLC purchased a new stake in shares of U-Haul in the fourth quarter valued at about $219,000. Childress Capital Advisors LLC lifted its stake in U-Haul by 20.0% in the 4th quarter. Childress Capital Advisors LLC now owns 6,000 shares of the transportation company’s stock valued at $415,000 after buying an additional 1,000 shares in the last quarter. Asset Planning Inc purchased a new stake in U-Haul in the 4th quarter valued at approximately $491,000. Legacy Capital Group California Inc. boosted its stake in shares of U-Haul by 7.5% during the fourth quarter. Legacy Capital Group California Inc. now owns 3,383 shares of the transportation company’s stock valued at $234,000 after acquiring an additional 237 shares during the last quarter. Finally, Versor Investments LP acquired a new position in U-Haul in the 4th quarter valued at about $221,000. Hedge funds and other institutional investors own 3.63% of the company’s stock.

U-Haul Company Profile

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.