U-Haul (NASDAQ:UHAL) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

U-Haul Holding (NASDAQ:UHAL)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 Performance

The stock has a market capitalization of $14.03 billion, a P/E ratio of 23.54 and a beta of 1.09. The company has a current ratio of 2.18, a quick ratio of 1.99 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average price of $72.92 and a two-hundred day moving average price of $67.69.

U-Haul (NASDAQ:UHAL) last released its earnings results 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 for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business earned $1.27 EPS. On average, equities analysts forecast that U-Haul Holding will post 2.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of UHAL. Redmont Wealth Advisors LLC raised its holdings in shares of U-Haul by 7.4% during the first quarter. Redmont Wealth Advisors LLC now owns 9,880 shares of the transportation company’s stock valued at $667,000 after purchasing an additional 685 shares during the period. Lodestone Wealth Management LLC increased its position 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 buying an additional 881 shares in the last quarter. Motley Fool Asset Management LLC increased its position 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 buying an additional 8,930 shares in the last quarter. Clearbridge Investments LLC acquired a new position in U-Haul during the 1st quarter worth approximately $358,000. Finally, Caxton Associates LP bought a new position in U-Haul in the first quarter worth approximately $206,000. Institutional investors and hedge funds own 3.63% of the company’s stock.

About U-Haul

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.