U-Haul (NASDAQ:UHAL) Sees Large Volume Increase – Should You Buy?

U-Haul Holding (NASDAQ:UHAL) 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 Stock Performance

The business has a 50-day moving average price of $71.27 and a 200-day moving average price of $70.07. The company has a quick ratio of 2.16, a current ratio of 2.33 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of 29.09 and a beta of 1.09.

U-Haul (NASDAQ:UHAL) last released 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 quarter last year, the business posted $1.36 earnings per share. As a group, sell-side analysts forecast that U-Haul Holding will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On U-Haul

Large investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC acquired a new position in shares of U-Haul in the third quarter valued at about $17,358,000. Old West Investment Management LLC increased its holdings in U-Haul by 11.7% in the 3rd quarter. Old West Investment Management LLC now owns 125,947 shares of the transportation company’s stock worth $9,758,000 after buying an additional 13,143 shares during the period. Applied Fundamental Research LLC raised its position in U-Haul by 12.9% during the 2nd quarter. Applied Fundamental Research LLC now owns 61,300 shares of the transportation company’s stock worth $3,784,000 after buying an additional 7,021 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its stake in U-Haul by 23.4% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 12,459 shares of the transportation company’s stock valued at $769,000 after acquiring an additional 2,362 shares during the period. Finally, Verition Fund Management LLC boosted its holdings in shares of U-Haul by 93.6% in the 3rd quarter. Verition Fund Management LLC now owns 8,371 shares of the transportation company’s stock valued at $649,000 after acquiring an additional 4,047 shares during the last quarter. 3.63% of the stock is owned by hedge funds and other institutional investors.

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.