U-Haul (NASDAQ:UHAL) Share Price Passes Above Two Hundred 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 traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of U-Haul from a “hold” rating to a “sell” rating in a research report on Saturday, February 24th.

U-Haul Stock Up 0.8 %

The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.07 and a current ratio of 3.29. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 19.35 and a beta of 1.07. The firm’s 50-day simple moving average is $65.69 and its two-hundred day simple moving average is $61.92.

U-Haul (NASDAQ:UHAL) last posted its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.36). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. U-Haul had a net margin of 11.67% and a return on equity of 9.52%. On average, sell-side analysts expect that U-Haul Holding will post 3.2 EPS for the current fiscal year.

Insider Buying and Selling at U-Haul

In other U-Haul news, Director John P. Brogan sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $64.32, for a total value of $192,960.00. Following the completion of the sale, the director now owns 43,987 shares in the company, valued at approximately $2,829,243.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 50.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UHAL. Vanguard Group Inc. boosted its stake in U-Haul by 1.1% during 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 boosted its stake in U-Haul by 109.4% during the 1st quarter. FMR LLC now owns 478,687 shares of the transportation company’s stock worth $28,554,000 after acquiring an additional 250,046 shares during the last quarter. BlackRock Inc. raised its holdings in U-Haul by 11.2% during the 1st quarter. BlackRock Inc. now owns 423,497 shares of the transportation company’s stock worth $25,262,000 after buying an additional 42,560 shares during the period. Millennium Management LLC raised its holdings in U-Haul by 28,416.3% during the 4th quarter. Millennium Management LLC now owns 375,560 shares of the transportation company’s stock worth $22,605,000 after buying an additional 374,243 shares during the period. Finally, Old West Investment Management LLC raised its holdings in U-Haul by 1.0% during the 3rd quarter. Old West Investment Management LLC now owns 176,235 shares of the transportation company’s stock worth $9,617,000 after buying an additional 1,761 shares during the period. Institutional investors own 3.63% of the company’s stock.

About U-Haul

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.