U-Haul (NASDAQ:UHAL) Sees Strong Trading Volume – Here’s What Happened

U-Haul Holding (NASDAQ:UHAL) shares saw unusually-high trading volume on Friday . Approximately 103,965 shares traded hands during mid-day trading, an increase of 17% from the previous session’s volume of 88,995 shares.The stock last traded at $67.40 and had previously closed at $68.37.

U-Haul Trading Down 1.8 %

The business’s 50-day simple moving average is $71.16 and its two-hundred day simple moving average is $70.15. 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 company has a market capitalization of $13.16 billion, a PE ratio of 28.94 and a beta of 1.09.

U-Haul (NASDAQ:UHAL) last issued its quarterly earnings results on Wednesday, November 6th. The transportation company reported $0.91 EPS 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 business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the company posted $1.36 EPS. On average, analysts predict that U-Haul Holding will post 2.31 earnings per share for the current year.

Institutional Trading of U-Haul

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Old West Investment Management LLC grew its holdings 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 in the last quarter. Applied Fundamental Research LLC grew its stake in 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 in the last quarter. Oliver Lagore Vanvalin Investment Group increased 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 valued at $769,000 after buying an additional 2,362 shares during the last quarter. Granite Bay Wealth Management LLC acquired a new stake in U-Haul during the second quarter valued at approximately $308,000. Finally, Legacy Capital Group California Inc. bought a new position in U-Haul during the 3rd quarter worth approximately $244,000. Institutional investors own 3.63% of the company’s stock.

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.