Should You Consider Adding U-Haul Holding Company (UHAL) to Your Portfolio?

Yacktman Asset Management, an investment management firm, released its “Yacktman Fund” Q3 2022 investor letter. A copy of the same can be downloaded here. The fund returned -5.52% compared to a -5.62% return for its primary benchmark, the Russell 1000 Value Index, and -4.88% return for the S&P 500 Index. Inflationary pressures, interest rate hikes, corporate earnings reductions, and geopolitical tensions dragged the market in the quarter. In addition, check the fund’s top five holdings to know its best picks in 2022.

Yacktman Asset Management highlighted stocks like U-Haul Holding Company (NYSE:UHAL) in the Q3 2022 investor letter. Headquartered in Reno, Nevada, U-Haul Holding Company (NYSE:UHAL) is a moving and storage operator. On December 20, 2022, U-Haul Holding Company (NYSE:UHAL) stock closed at $59.36 per share. One-month return of U-Haul Holding Company (NYSE:UHAL) was 1.02%, and its shares lost 17.34% of their value over the last 52 weeks. U-Haul Holding Company (NYSE:UHAL) has a market capitalization of $11.639 billion.

Yacktman Asset Management made the following comment about U-Haul Holding Company (NYSE:UHAL) in its Q3 2022 investor letter:

“U-Haul Holding Company (NYSE:UHAL)’s stock performed well in the third quarter but remains steeply discounted. The company is the U.S. leader in do-it-yourself moving and has built a valuable public storage business that largely gets ignored. Recently, the company announced a name change to U-Haul, a stock split, and is studying additional ways to have the share price more reflective of the value of the businesses.”

U-Haul Holding Company (NYSE:UHAL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held U-Haul Holding Company (NYSE:UHAL) at the end of the third quarter, which was 22 in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.