U-Haul (NASDAQ:UHAL) Sees Unusually-High Trading Volume - Should You Buy?

Shares of U-Haul Holding (NASDAQ:UHAL - Get Free Report) saw unusually-high trading volume on Friday . Approximately 103,965 shares were traded during 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 Down 1.8 %

The stock has a market cap of $13.16 billion, a PE ratio of 28.94 and a beta of 1.09. The business has a fifty day moving average of $71.27 and a 200-day moving average of $70.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.33 and a quick ratio of 2.16.

U-Haul (NASDAQ:UHAL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The transportation company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.46). The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.69 billion. U-Haul had a return on equity of 6.46% and a net margin of 8.39%. During the same quarter in the prior year, the company posted $1.36 earnings per share. Equities research analysts anticipate that U-Haul Holding will post 2.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC purchased a new stake in shares of U-Haul during the 3rd quarter worth $17,358,000. Old West Investment Management LLC raised its holdings in U-Haul by 9.5% in 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. Applied Fundamental Research LLC lifted its position in shares of U-Haul by 12.9% during the second quarter. Applied Fundamental Research LLC now owns 61,300 shares of the transportation company's stock valued at $3,784,000 after buying an additional 7,021 shares during the last quarter. 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 buying an additional 4,047 shares in the last quarter. Finally, Intellectus Partners LLC grew its position in shares of U-Haul by 5.4% in the 3rd quarter. Intellectus Partners LLC now owns 5,340 shares of the transportation company's stock worth $414,000 after buying an additional 275 shares during the last quarter. Hedge funds and other 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.