U-Haul (NYSE:UHAL) Major Shareholder Mark Shoen Sells 23,000 Shares of Company Stock

by · The Markets Daily

U-Haul Holding Company (NYSE:UHAL – Get Free Report) major shareholder Mark Shoen sold 23,000 shares of U-Haul stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $50.11, for a total value of $1,152,530.00. Following the completion of the transaction, the insider owned 310,196 shares of the company’s stock, valued at approximately $15,543,921.56. The trade was a 6.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

U-Haul Stock Performance

Shares of U-Haul stock traded down $0.76 on Tuesday, reaching $58.88. 108,338 shares of the company were exchanged, compared to its average volume of 201,250. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 420.64 and a beta of 1.10. U-Haul Holding Company has a 1-year low of $41.94 and a 1-year high of $76.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.57 and a current ratio of 1.77. The company’s 50-day moving average is $61.39 and its two-hundred day moving average is $58.49.

U-Haul (NYSE:UHAL – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.27). The company had revenue of $1.68 billion for the quarter. U-Haul had a net margin of 1.05% and a return on equity of 0.81%. As a group, research analysts expect that U-Haul Holding Company will post 1.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On U-Haul

Hedge funds and other institutional investors have recently modified their holdings of the stock. Inceptionr LLC acquired a new stake in U-Haul in the first quarter worth about $709,000. Maverick Capital Ltd. bought a new position in U-Haul in the 1st quarter valued at about $651,000. Caxton Associates LLP acquired a new position in U-Haul during the 1st quarter valued at about $496,000. GSA Capital Partners LLP acquired a new position in U-Haul during the 2nd quarter valued at about $534,000. Finally, Chicago Partners Investment Group LLC raised its position in shares of U-Haul by 23.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,284 shares of the company’s stock worth $238,000 after buying an additional 805 shares in the last quarter. 3.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UHAL shares. Citigroup began coverage on shares of U-Haul in a report on Wednesday, July 15th. They set an “outperform” rating for the company. Weiss Ratings restated a “sell (d+)” rating on shares of U-Haul in a research report on Thursday, October 22nd. Wall Street Zen raised shares of U-Haul from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Citizens Jmp initiated coverage on shares of U-Haul in a research report on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $90.00.

Get Our Latest Analysis on UHAL

About U-Haul

(Get Free Report)

U-Haul, operated by U-Haul Holding Company (NYSE: UHAL), provides do-it-yourself moving and storage services to residential and commercial customers. Its offerings include rental trucks, trailers, towing equipment, vehicle storage, moving supplies and related services.

The company also operates self-storage facilities and offers portable storage through its U-Box® containers. Customers can access moving labor, hitch installation and other transportation-related services through U-Haul’s network of company-operated and independent dealer locations.

Founded in 1945 by Leonard Shoen, U-Haul serves customers throughout the United States and Canada.

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