Lord Abbett & CO. LLC Acquires Shares of 224,036 U-Haul Holding (NASDAQ:UHAL)

Lord Abbett & CO. LLC bought a new stake in shares of U-Haul Holding (NASDAQ:UHAL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 224,036 shares of the transportation company’s stock, valued at approximately $17,358,000. Lord Abbett & CO. LLC owned 0.11% of U-Haul as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Motley Fool Asset Management LLC acquired a new stake in U-Haul during the third quarter valued at $201,000. Legacy Capital Group California Inc. acquired a new stake in shares of U-Haul during the 3rd quarter valued at about $244,000. Anthracite Investment Company Inc. acquired a new position in U-Haul in the third quarter worth approximately $269,000. Atom Investors LP bought a new position in U-Haul during the third quarter valued at approximately $301,000. Finally, Lodestone Wealth Management LLC lifted its stake in U-Haul by 5.6% in the third quarter. Lodestone Wealth Management LLC now owns 4,407 shares of the transportation company’s stock valued at $341,000 after acquiring an additional 233 shares during the last quarter. 3.63% of the stock is currently owned by hedge funds and other institutional investors.

U-Haul Stock Performance

Shares of UHAL opened at $73.26 on Monday. The company has a quick ratio of 2.16, a current ratio of 2.33 and a debt-to-equity ratio of 0.88. U-Haul Holding has a 12 month low of $59.70 and a 12 month high of $79.04. The company’s fifty day moving average is $72.65 and its 200-day moving average is $69.33. The firm has a market cap of $14.36 billion, a price-to-earnings ratio of 31.58 and a beta of 1.09.

U-Haul (NASDAQ:UHAL) last issued its quarterly earnings data on Wednesday, November 6th. The transportation company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the company posted $1.36 EPS. Equities analysts expect that U-Haul Holding will post 2.31 EPS for the current fiscal year.

U-Haul Company Profile

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.