U-Haul (NASDAQ:UHAL) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of U-Haul Holding (NASDAQ:UHAL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $69.66 and traded as high as $70.40. U-Haul shares last traded at $70.35, with a volume of 37,286 shares.

U-Haul Stock Performance

The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 30.42 and a beta of 1.09. The company has a current ratio of 2.33, a quick ratio of 2.16 and a debt-to-equity ratio of 0.88. The stock’s 50 day moving average is $71.81 and its 200 day moving average is $69.66.

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

Institutional Investors Weigh In On U-Haul

A number of institutional investors have recently modified their holdings of the business. Lord Abbett & CO. LLC bought a new position in U-Haul during the third quarter worth about $17,358,000. Old West Investment Management LLC increased its holdings in shares of U-Haul by 11.7% during the third quarter. Old West Investment Management LLC now owns 125,947 shares of the transportation company’s stock worth $9,758,000 after purchasing an additional 13,143 shares during the period. Applied Fundamental Research LLC raised its position 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 valued at $3,784,000 after buying an additional 7,021 shares in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of 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 valued at $769,000 after buying an additional 2,362 shares during the period. Finally, Versor Investments LP boosted its stake in shares of U-Haul by 66.9% in the second quarter. Versor Investments LP now owns 10,988 shares of the transportation company’s stock valued at $678,000 after buying an additional 4,406 shares during the period. Institutional investors own 3.63% of the company’s stock.

About U-Haul

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.