U-Haul (NASDAQ:UHAL) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

U-Haul Holding (NASDAQ:UHAL)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $70.30 and traded as high as $71.84. U-Haul shares last traded at $71.56, with a volume of 66,125 shares changing hands.

U-Haul Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.16 and a current ratio of 2.33. The firm has a market capitalization of $14.03 billion, a PE ratio of 30.84 and a beta of 1.09. The stock’s 50-day simple moving average is $70.62 and its 200-day simple moving average is $70.37.

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

Institutional Investors Weigh In On U-Haul

Several hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC bought a new position in U-Haul in the third quarter worth $17,358,000. Old West Investment Management LLC lifted its position in U-Haul by 11.7% during the 3rd quarter. Old West Investment Management LLC now owns 125,947 shares of the transportation company’s stock valued at $9,758,000 after acquiring an additional 13,143 shares during the period. Applied Fundamental Research LLC boosted its stake in U-Haul by 12.9% during the second quarter. Applied Fundamental Research LLC now owns 61,300 shares of the transportation company’s stock worth $3,784,000 after acquiring an additional 7,021 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its holdings in U-Haul by 23.4% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 12,459 shares of the transportation company’s stock worth $769,000 after purchasing an additional 2,362 shares during the period. Finally, Verition Fund Management LLC increased its stake in shares of U-Haul by 93.6% during the third quarter. Verition Fund Management LLC now owns 8,371 shares of the transportation company’s stock valued at $649,000 after purchasing an additional 4,047 shares in the last quarter. 3.63% of the stock is currently owned by institutional investors.

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.