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

U-Haul Holding (NASDAQ:UHAL) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $55.47 and traded as high as $58.95. U-Haul shares last traded at $57.5650, with a volume of 237,899 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Vertical Research set a $80.00 price target on shares of U-Haul and gave the company a “buy” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, U-Haul presently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

U-Haul Price Performance

The company has a current ratio of 2.03, a quick ratio of 1.83 and a debt-to-equity ratio of 0.89. The company has a 50 day simple moving average of $53.98 and a 200 day simple moving average of $55.47. The stock has a market cap of $11.29 billion, a P/E ratio of 26.65 and a beta of 1.12.

Institutional Investors Weigh In On U-Haul

Several institutional investors and hedge funds have recently added to or reduced their stakes in UHAL. Legacy Capital Group California Inc. grew its holdings in shares of U-Haul by 4.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 204 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in U-Haul during the second quarter valued at approximately $33,000. Belpointe Asset Management LLC boosted its position in U-Haul by 11.6% during the third quarter. Belpointe Asset Management LLC now owns 6,910 shares of the transportation company’s stock valued at $394,000 after purchasing an additional 721 shares during the last quarter. Parkwood LLC grew its stake in U-Haul by 2.0% in the second quarter. Parkwood LLC now owns 120,908 shares of the transportation company’s stock valued at $7,322,000 after purchasing an additional 2,362 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of U-Haul during the 3rd quarter worth approximately $173,000. 3.63% of the stock is owned by institutional investors.

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.