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

U-Haul Holding (NASDAQ:UHAL)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $67.41 and traded as high as $75.44. U-Haul shares last traded at $74.53, with a volume of 80,542 shares traded.

U-Haul Stock Performance

The company has a debt-to-equity ratio of 0.84, a current ratio of 2.18 and a quick ratio of 1.99. The company has a 50 day simple moving average of $72.46 and a 200-day simple moving average of $67.49. The firm has a market cap of $14.49 billion, a PE ratio of 24.30 and a beta of 1.09.

U-Haul (NASDAQ:UHAL) last announced its quarterly earnings data on Wednesday, August 7th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.20). The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. U-Haul had a net margin of 9.92% and a return on equity of 7.76%. During the same period last year, the company posted $1.27 EPS. As a group, equities research analysts anticipate that U-Haul Holding will post 2.7 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Old West Investment Management LLC grew its position in U-Haul by 9.5% during the 2nd quarter. Old West Investment Management LLC now owns 112,804 shares of the transportation company’s stock worth $6,963,000 after acquiring an additional 9,751 shares during the last quarter. Motley Fool Asset Management LLC boosted its stake in shares of U-Haul by 290.5% during the first quarter. Motley Fool Asset Management LLC now owns 12,004 shares of the transportation company’s stock valued at $811,000 after purchasing an additional 8,930 shares during the period. Applied Fundamental Research LLC grew its holdings in shares of U-Haul by 12.9% in the second quarter. Applied Fundamental Research LLC now owns 61,300 shares of the transportation company’s stock worth $3,784,000 after purchasing an additional 7,021 shares during the last quarter. Clearbridge Investments LLC purchased a new position in shares of U-Haul in the first quarter worth $358,000. Finally, Cannon Global Investment Management LLC bought a new stake in U-Haul during the 1st quarter valued at $331,000. Hedge funds and other institutional investors own 3.63% of the company’s stock.

U-Haul Company Profile

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.