U-Haul (NASDAQ:UHAL – Get Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.
Separately, TheStreet downgraded U-Haul from a “b” rating to a “c+” rating in a report on Friday, November 10th.
U-Haul Stock Up 0.5 %
U-Haul stock traded up $0.30 on Monday, hitting $58.74. 147,372 shares of the stock traded hands, compared to its average volume of 189,086. The company has a current ratio of 3.67, a quick ratio of 3.46 and a debt-to-equity ratio of 0.89. The firm has a market cap of $11.52 billion, a P/E ratio of 15.58 and a beta of 1.03. The business’s fifty day simple moving average is $53.57 and its 200 day simple moving average is $56.27. U-Haul has a 1 year low of $48.07 and a 1 year high of $70.57.
U-Haul (NASDAQ:UHAL – Get Free Report) last announced its quarterly earnings data on Wednesday, November 8th. The transportation company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.40). U-Haul had a net margin of 13.34% and a return on equity of 11.22%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. As a group, sell-side analysts forecast that U-Haul will post 3.74 earnings per share for the current year.
Insider Activity
In other U-Haul news, major shareholder Mark V. Shoen acquired 132,500 shares of U-Haul stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average cost of $52.43 per share, for a total transaction of $6,946,975.00. Following the acquisition, the insider now owns 192,863 shares of the company’s stock, valued at $10,111,807.09. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 50.00% of the company’s stock.
Institutional Investors Weigh In On U-Haul
Large investors have recently bought and sold shares of the business. MetLife Investment Management LLC bought a new stake in U-Haul in the 1st quarter worth about $107,000. Point72 Hong Kong Ltd grew its stake in shares of U-Haul by 83.4% during the 1st quarter. Point72 Hong Kong Ltd now owns 266 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 121 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of U-Haul during the 1st quarter valued at about $187,000. Ossiam grew its stake in shares of U-Haul by 429.8% during the 1st quarter. Ossiam now owns 445 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 361 shares during the period. Finally, Forum Financial Management LP bought a new stake in shares of U-Haul during the 1st quarter valued at about $275,000. 8.81% of the stock is currently owned by institutional investors.
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.