Squarepoint Ops LLC Acquires Shares of 10,801 U-Haul Holding $UHAL

Squarepoint Ops LLC acquired a new position in U-Haul Holding (NASDAQ:UHAL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,801 shares of the transportation company’s stock, valued at approximately $654,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gabelli Funds LLC raised its stake in U-Haul by 11.7% in the first quarter. Gabelli Funds LLC now owns 34,167 shares of the transportation company’s stock worth $2,233,000 after buying an additional 3,567 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of U-Haul during the 1st quarter worth approximately $1,749,000. Trexquant Investment LP bought a new position in shares of U-Haul in the 1st quarter worth approximately $1,056,000. State of Wyoming purchased a new position in shares of U-Haul in the 1st quarter valued at approximately $315,000. Finally, Belpointe Asset Management LLC boosted its position in shares of U-Haul by 29.4% during the first quarter. Belpointe Asset Management LLC now owns 5,344 shares of the transportation company’s stock valued at $349,000 after purchasing an additional 1,214 shares in the last quarter. Hedge funds and other institutional investors own 3.63% of the company’s stock.

U-Haul Stock Performance

Shares of UHAL opened at $51.18 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 2.03 and a debt-to-equity ratio of 0.89. The stock has a market cap of $10.04 billion, a P/E ratio of 23.69 and a beta of 1.14. The business’s 50 day moving average price is $52.86 and its 200-day moving average price is $56.95. U-Haul Holding has a 52 week low of $48.47 and a 52 week high of $75.19.

Wall Street Analyst Weigh In

Separately, Vertical Research set a $80.00 price objective on U-Haul and gave the stock a “buy” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, U-Haul presently has a consensus rating of “Moderate Buy” and an average target price of $80.00.

About U-Haul

U-Haul International, operating under its parent company AMERCO (NASDAQ: UHAL), is a leading provider of do-it-yourself moving and storage solutions in North America. Established in 1945 by Leonard Shoen, the company has grown from a regional rental business in Ridgefield, Washington, into a broad network of thousands of locations across the United States and Canada. U-Haul’s core offering centers on one-way and local truck and trailer rentals tailored to the needs of both individual and commercial customers.

In addition to its fleet of rental trucks and trailers, U-Haul offers a comprehensive range of moving and storage products.