U-Haul (NASDAQ:UHAL) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

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 $71.16 and traded as high as $72.49. U-Haul shares last traded at $70.87, with a volume of 137,022 shares changing hands.

U-Haul Stock Down 2.7 %

The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 30.55 and a beta of 1.09. The firm has a 50 day moving average price of $71.07 and a two-hundred day moving average price of $71.16. The company has a quick ratio of 2.16, a current ratio of 2.33 and a debt-to-equity ratio of 0.88.

U-Haul (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, November 6th. The transportation company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.46). U-Haul had a return on equity of 6.46% and a net margin of 8.39%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the business posted $1.36 earnings per share. As a group, sell-side analysts expect that U-Haul Holding will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On U-Haul

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Motley Fool Asset Management LLC purchased a new position in U-Haul during the 3rd quarter worth approximately $201,000. Optas LLC acquired a new stake in shares of U-Haul during the 4th quarter valued at $219,000. Legacy Capital Group California Inc. boosted its stake in shares of U-Haul by 7.5% during the 4th quarter. Legacy Capital Group California Inc. now owns 3,383 shares of the transportation company’s stock valued at $234,000 after buying an additional 237 shares during the period. Anthracite Investment Company Inc. acquired a new stake in shares of U-Haul in the 3rd quarter valued at $269,000. Finally, Atom Investors LP acquired a new stake in shares of U-Haul in the 3rd quarter valued at $301,000. 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.