The Vanguard Group, Inc. recently announced the acquisition of new stake in U-Haul Holding Company (NYSE:UHAL). The institutional investor has increased its shareholding in the Industrials company by 1.12% to 0.82 million shares with purchase of 9141.0 shares. This fresh investment now brings its stake to 4.19% valued currently at $49.46 million. In addition, Yacktman Asset Management LP raised its holdings by 559.0 to 0.73 million shares. And BlackRock Fund Advisors has lifted its position by 3.22% or 16820.0 shares – to 0.54 million shares.
With over 0.24 million U-Haul Holding Company (UHAL) shares trading Friday and a closing price of $64.51 on the day, the dollar volume was approximately $15.59 million. The shares have shown a positive half year performance of 35.80% and its price on 01/13/23 lost nearly -1.33%. Currently, there are 19.61M common shares owned by the public and among those 7.62M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for UHAL have a consensus price objective of $67.50. The analysts have set the share’s price value over the next 12 months at a high of $67.50 and a low of $67.50. The average price target is 4.43% above its recent price level and an upside to the estimated low will see the stock gain 4.43% over that period. But an upside of 4.43% will see the stock hit the forecast high price target while median target price for the stock is $67.50.
Insiders at the company have transacted a total of 1 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 1 of these insider trades were purchases, accounting for 200 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in U-Haul Holding Company are Managers AMG Yacktman Fund, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. Managers AMG Yacktman Fund owns 0.33 million shares of the company’s stock, all valued at over $19.86 million. Vanguard Total Stock Market Index bought 382.0 shares to see its total holdings expand to 0.27 million shares valued at over $16.01 million and representing 1.36% of the shares outstanding. Vanguard Small Cap Index Fund bought 2618.0 shares to bring its total holdings to over 0.23 million shares at a value of $13.86 million. Vanguard Small Cap Index Fund now owns shares totaling to 1.17% of the shares outstanding.
Shares of U-Haul Holding Company (NYSE: UHAL) opened at $65.01, down -$0.37 from a prior closing price of $65.38. However, the script later moved the day high at 65.68, down -1.33%. The company’s stock has a 5-day price change of 6.93% and 21.09% over the past three months. UHAL shares are trading 7.18% year to date (YTD), with the 12-month market performance down to -7.08% lower. It has a 12-month low price of $44.75 and touched a high of $70.50 over the same period. UHAL has an average intraday trading volume of 588.83K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.04%, 8.51%, and 18.88% respectively.
Institutional ownership of U-Haul Holding Company (NYSE: UHAL) shares accounts for 37.20% of the company’s 19.61M shares outstanding. Mutual fund holders own 20.94%, while other institutional holders and individual stakeholders account for 79.16% and 16.25% respectively.
It has a market capitalization of $11.89B and a beta (3y monthly) value of 0.98. The stock’s trailing 12-month PE ratio is 1.20, while the earnings-per-share (ttm) stands at $53.77. The company has a PEG of 0.08 and the debt-to-equity ratio at 0.97. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.18% over the week and 2.60% over the month.
Analysts forecast that U-Haul Holding Company (UHAL) will achieve an EPS of $20.62 for the current quarter, $15.74 for the next quarter and $0 for 2024. The lowest estimate earnings-per-share for the quarter is $20.62 while analysts give the company a high EPS estimate of $20.62. Comparatively, EPS for the current quarter was $20.9 a year ago. EPS should shrink at an annualized rate of 15.00% over the next five years, compared to 23.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate U-Haul Holding Company (UHAL) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
CL King on their part issued Neutral rating on February 06, 2008.