U-Haul (NASDAQ:UHAL) Now Covered by Wolfe Research

Wolfe Research assumed coverage on shares of U-Haul (NASDAQ:UHAL) in a research note issued to investors on Monday morning. The firm issued a peer perform rating on the transportation company’s stock.

U-Haul Price Performance

UHAL stock opened at $65.12 on Monday. The firm has a market cap of $12.77 billion, a P/E ratio of 30.15 and a beta of 1.27. The stock has a 50-day simple moving average of $62.88 and a 200-day simple moving average of $68.25. U-Haul has a 1 year low of $56.28 and a 1 year high of $79.04. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.83 and a current ratio of 2.03.

U-Haul Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.31%.

Insiders Place Their Bets

In other U-Haul news, major shareholder Mark V. Shoen sold 12,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $65.86, for a total value of $823,250.00. Following the sale, the insider now directly owns 667,500 shares in the company, valued at approximately $43,961,550. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 50.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC boosted its stake in U-Haul by 337.1% during the fourth quarter. Gabelli Funds LLC now owns 30,600 shares of the transportation company’s stock valued at $2,114,000 after buying an additional 23,600 shares in the last quarter. Semanteon Capital Management LP acquired a new stake in shares of U-Haul in the fourth quarter worth $644,000. MGO One Seven LLC boosted its holdings in shares of U-Haul by 15.2% during the fourth quarter. MGO One Seven LLC now owns 12,735 shares of the transportation company’s stock worth $880,000 after purchasing an additional 1,680 shares during the period. Old West Investment Management LLC lifted its position in U-Haul by 6.0% in the 4th quarter. Old West Investment Management LLC now owns 133,537 shares of the transportation company’s stock worth $9,226,000 after buying an additional 7,590 shares in the last quarter. Finally, Farringdon Capital Ltd. acquired a new stake in shares of U-Haul during the 4th quarter valued at $333,000. Institutional investors and hedge funds 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.