Insider Selling: U-Haul (NYSE:UHAL) Major Shareholder Sells $1,156,900.00 in Stock

U-Haul Holding Company (NYSE:UHAL) major shareholder Mark Shoen sold 23,000 shares of U-Haul stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $50.30, for a total value of $1,156,900.00. Following the transaction, the insider directly owned 195,196 shares of the company’s stock, valued at $9,818,358.80. The trade was a 10.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

U-Haul Trading Down 0.3%

Shares of UHAL opened at $56.58 on Thursday. The business’s 50-day moving average price is $59.85 and its 200-day moving average price is $58.50. U-Haul Holding Company has a twelve month low of $41.94 and a twelve month high of $76.45. The stock has a market cap of $11.00 billion, a PE ratio of 183.03 and a beta of 1.07. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.05.

U-Haul (NYSE:UHAL) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.18). U-Haul had a net margin of 1.54% and a return on equity of 1.21%. The firm had revenue of $1.77 billion during the quarter. On average, equities analysts forecast that U-Haul Holding Company will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Independent Advisor Alliance purchased a new position in shares of U-Haul in the 3rd quarter worth about $1,738,000. Lido Advisors LLC increased its position in shares of U-Haul by 29.8% during the 3rd quarter. Lido Advisors LLC now owns 5,335 shares of the company’s stock valued at $321,000 after purchasing an additional 1,224 shares during the last quarter. Chicago Partners Investment Group LLC increased 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 valued at $238,000 after purchasing an additional 805 shares during the last quarter. Vise Technologies Inc. purchased a new position in shares of U-Haul during the 3rd quarter valued at about $201,000. Finally, Engineers Gate Manager LP raised its holdings in shares of U-Haul by 28.9% during the 2nd quarter. Engineers Gate Manager LP now owns 11,072 shares of the company’s stock valued at $725,000 after buying an additional 2,482 shares in the last quarter. Institutional investors own 3.63% of the company’s stock.

About U-Haul

U-Haul Holding Company, formerly known as AMERCO, is a moving and storage company best known for its U-Haul brand. Its services include do-it-yourself truck and trailer rentals, towing equipment, self-storage, and moving supplies. The company also offers U-Box portable storage and moving containers. Founded in 1945 by Leonard Shoen, U-Haul serves customers across the United States and Canada through company-operated locations and independent dealers. Its operations also include related insurance and life-insurance businesses.