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

Shares of U-Haul Holding (NASDAQ:UHAL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $67.70 and traded as high as $72.21. U-Haul shares last traded at $71.57, with a volume of 59,011 shares changing hands.

U-Haul Trading Up 0.6 %

The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 23.54 and a beta of 1.09. 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’s 50 day simple moving average is $72.92 and its 200 day simple moving average is $67.70.

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 the consensus estimate of $1.20 by ($0.20). U-Haul had a net margin of 9.92% and a return on equity of 7.76%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the business posted $1.27 EPS. As a group, research analysts expect that U-Haul Holding will post 2.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On U-Haul

A number of large investors have recently modified their holdings of UHAL. Old West Investment Management LLC grew its stake in shares of U-Haul by 9.5% during the second quarter. Old West Investment Management LLC now owns 112,804 shares of the transportation company’s stock worth $6,963,000 after purchasing an additional 9,751 shares in the last quarter. Motley Fool Asset Management LLC boosted its position in shares of U-Haul by 290.5% during the 1st quarter. Motley Fool Asset Management LLC now owns 12,004 shares of the transportation company’s stock worth $811,000 after acquiring an additional 8,930 shares in the last quarter. Applied Fundamental Research LLC increased its holdings in shares of U-Haul by 12.9% in the 2nd quarter. Applied Fundamental Research LLC now owns 61,300 shares of the transportation company’s stock valued at $3,784,000 after acquiring an additional 7,021 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of U-Haul during the 1st quarter worth about $358,000. Finally, Childress Capital Advisors LLC purchased a new stake in U-Haul during the third quarter worth approximately $387,000. 3.63% of the stock is owned by hedge funds and other institutional investors.

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.