U-Haul (NASDAQ:UHAL) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

U-Haul Holding (NASDAQ:UHAL - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

U-Haul Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.99 and a current ratio of 2.18. The firm's 50-day simple moving average is $72.92 and its 200 day simple moving average is $67.69. The company has a market capitalization of $14.03 billion, a PE ratio of 23.54 and a beta of 1.09.

U-Haul (NASDAQ:UHAL - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The transportation company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.20). U-Haul had a return on equity of 7.76% and a net margin of 9.92%. The business had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter in the prior year, the firm earned $1.27 earnings per share. As a group, equities research analysts forecast that U-Haul Holding will post 2.7 earnings per share for the current year.

Institutional Investors Weigh In On U-Haul

Several institutional investors and hedge funds have recently made changes to their positions in UHAL. Redmont Wealth Advisors LLC boosted its position in shares of U-Haul by 7.4% in the 1st quarter. Redmont Wealth Advisors LLC now owns 9,880 shares of the transportation company's stock worth $667,000 after buying an additional 685 shares in the last quarter. Lodestone Wealth Management LLC raised its stake in U-Haul by 26.1% in the 1st quarter. Lodestone Wealth Management LLC now owns 4,259 shares of the transportation company's stock valued at $288,000 after purchasing an additional 881 shares during the last quarter. Motley Fool Asset Management LLC raised its stake in U-Haul by 290.5% in the 1st quarter. Motley Fool Asset Management LLC now owns 12,004 shares of the transportation company's stock valued at $811,000 after purchasing an additional 8,930 shares during the last quarter. Clearbridge Investments LLC acquired a new position in U-Haul in the 1st quarter valued at about $358,000. Finally, Caxton Associates LP acquired a new position in U-Haul in the 1st quarter valued at about $206,000. 3.63% of the stock is currently 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.