U-Haul (NASDAQ:UHAL) Shares Gap Down – What’s Next?

Shares of U-Haul Holding (NASDAQ:UHAL) gapped down prior to trading on Friday . The stock had previously closed at $59.04, but opened at $51.09. U-Haul shares last traded at $51.69, with a volume of 5,291 shares traded.

Analyst Upgrades and Downgrades

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

U-Haul Price Performance

The business’s fifty day moving average price is $54.02 and its 200-day moving average price is $55.32. The company has a market capitalization of $9.77 billion, a P/E ratio of 23.07 and a beta of 1.13. The company has a current ratio of 2.03, a quick ratio of 1.83 and a debt-to-equity ratio of 0.89.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Legacy Capital Group California Inc. raised its stake in shares of U-Haul by 4.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the transportation company’s stock worth $242,000 after acquiring an additional 204 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in U-Haul during the second quarter valued at about $33,000. Belpointe Asset Management LLC grew its stake in shares of 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 buying an additional 721 shares during the last quarter. Parkwood LLC increased its holdings in shares of U-Haul by 2.0% in the second quarter. Parkwood LLC now owns 120,908 shares of the transportation company’s stock worth $7,322,000 after buying an additional 2,362 shares during the period. Finally, State of Wyoming purchased a new position in shares of U-Haul in the third quarter worth about $173,000. 3.63% of the stock is currently 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.