U-Haul (NASDAQ:UHAL) Sets New 52-Week Low - What's Next?

U-Haul Holding (NASDAQ:UHAL - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $59.00 and last traded at $61.00, with a volume of 675 shares traded. The stock had previously closed at $62.30.

U-Haul Price Performance

The firm has a market capitalization of $11.96 billion, a P/E ratio of 28.24 and a beta of 1.10. The company has a quick ratio of 1.83, a current ratio of 2.03 and a debt-to-equity ratio of 0.89. The business's 50 day moving average is $67.18 and its 200-day moving average is $70.44.

U-Haul Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.33%.

Insider Buying and Selling at U-Haul

In other news, major shareholder Mark V. Shoen sold 12,500 shares of U-Haul stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $65.03, for a total transaction of $812,875.00. Following the sale, the insider now directly owns 654,711 shares of the company's stock, valued at approximately $42,575,856.33. This trade represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John P. Brogan sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $67.04, for a total transaction of $201,120.00. Following the completion of the transaction, the director now owns 40,987 shares of the company's stock, valued at approximately $2,747,768.48. This trade represents a 6.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock worth $1,837,245 over the last 90 days. Insiders own 50.10% of the company's stock.

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Hedge Funds Weigh In On U-Haul

Several large investors have recently modified their holdings of UHAL. Aster Capital Management DIFC Ltd grew its position in shares of U-Haul by 5.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,990 shares of the transportation company's stock valued at $207,000 after buying an additional 142 shares during the last quarter. Optas LLC acquired a new stake in U-Haul during the 4th quarter valued at approximately $219,000. Versor Investments LP bought a new position in U-Haul during the 4th quarter worth approximately $221,000. Legacy Capital Group California Inc. lifted its position in shares of U-Haul by 7.5% in the 4th quarter. Legacy Capital Group California Inc. now owns 3,383 shares of the transportation company's stock worth $234,000 after purchasing an additional 237 shares during the period. Finally, Farringdon Capital Ltd. bought a new stake in shares of U-Haul in the 4th quarter valued at $333,000. 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.