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

Shares of U-Haul Holding (NASDAQ:UHAL) saw unusually-strong trading volume on Friday . Approximately 103,965 shares were traded 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 firm has a market cap of $13.24 billion, a PE ratio of 29.09 and a beta of 1.09. 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 business has a 50 day simple moving average of $71.27 and a two-hundred day simple moving average of $70.07.

U-Haul (NASDAQ:UHAL) last released its quarterly earnings data on Wednesday, November 6th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.46). U-Haul had a net margin of 8.39% and a return on equity of 6.46%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the firm earned $1.36 earnings per share. As a group, equities research analysts forecast that U-Haul Holding will post 2.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On U-Haul

Large investors have recently modified their holdings of the business. Old West Investment Management LLC lifted its holdings in U-Haul by 9.5% during the second quarter. Old West Investment Management LLC now owns 112,804 shares of the transportation company’s stock worth $6,963,000 after buying an additional 9,751 shares during the period. Applied Fundamental Research LLC raised its position in shares of U-Haul by 12.9% in the 2nd quarter. Applied Fundamental Research LLC now owns 61,300 shares of the transportation company’s stock worth $3,784,000 after acquiring an additional 7,021 shares in the last quarter. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of 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 worth $769,000 after purchasing an additional 2,362 shares during the last quarter. Granite Bay Wealth Management LLC bought a new stake in U-Haul during the second quarter valued at about $308,000. Finally, Legacy Capital Group California Inc. bought a new position in U-Haul in the third quarter worth about $244,000. Institutional investors own 3.63% of the company’s stock.

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.