Insider Selling: U-Haul (NYSE:UHAL) Major Shareholder Sells $1,134,360.00 in Stock

U-Haul Holding Company (NYSE:UHAL) major shareholder Mark Shoen sold 23,000 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $49.32, for a total value of $1,134,360.00. Following the completion of the sale, the insider owned 402,196 shares in the company, valued at approximately $19,836,306.72. The trade was a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

U-Haul Stock Up 1.3%

NYSE:UHAL opened at $57.52 on Friday. U-Haul Holding Company has a twelve month low of $41.94 and a twelve month high of $76.45. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 410.89 and a beta of 1.10. The stock has a fifty day simple moving average of $61.62 and a 200-day simple moving average of $58.47. The company has a current ratio of 1.77, a quick ratio of 1.57 and a debt-to-equity ratio of 1.04.

U-Haul (NYSE:UHAL) last issued its earnings results 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%. Analysts anticipate that U-Haul Holding Company will post 1.09 EPS for the current year.

Analyst Ratings Changes

UHAL has been the subject of several research reports. Citigroup began coverage on shares of U-Haul in a research report on Wednesday, July 15th. They issued an “outperform” rating for the company. Weiss Ratings restated a “sell (d+)” rating on shares of U-Haul in a research note on Thursday, October 22nd. Wall Street Zen raised shares of U-Haul from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Citizens Jmp assumed coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, U-Haul has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Institutional Investors Weigh In On U-Haul

Institutional investors and hedge funds have recently bought and sold shares of the company. CX Institutional bought a new position in shares of U-Haul during the 2nd quarter worth $56,000. Vise Technologies Inc. purchased a new position in shares of U-Haul during the third quarter valued at $201,000. State of Wyoming increased its stake in shares of U-Haul by 215.2% during the first quarter. State of Wyoming now owns 7,860 shares of the company’s stock valued at $376,000 after buying an additional 5,366 shares during the period. Caxton Associates LLP bought a new stake in shares of U-Haul in the first quarter valued at about $496,000. Finally, GSA Capital Partners LLP bought a new stake in shares of U-Haul in the second quarter valued at about $534,000. 3.63% of the stock is owned by institutional investors.

U-Haul Company Profile

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.