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

U-Haul Holding Company (NYSE:UHAL) major shareholder Mark Shoen sold 23,000 shares of U-Haul stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $53.24, for a total transaction of $1,224,520.00. Following the completion of the sale, the insider owned 241,196 shares of the company’s stock, valued at approximately $12,841,275.04. This trade represents a 8.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

U-Haul Stock Down 3.5%

UHAL traded down $2.14 during trading on Thursday, hitting $58.66. The company had a trading volume of 329,675 shares, compared to its average volume of 202,152. 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 current ratio of 1.77 and a quick ratio of 1.57. The company has a market cap of $11.40 billion, a PE ratio of 419.02 and a beta of 1.07. The business has a 50-day moving average of $60.96 and a 200-day moving average of $58.52.

U-Haul (NYSE:UHAL) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.18). The company had revenue of $1.77 billion for the quarter. U-Haul had a return on equity of 0.81% and a net margin of 1.05%. As a group, analysts forecast that U-Haul Holding Company will post 1.09 earnings per share for the current year.

Hedge Funds Weigh In On U-Haul

A number of hedge funds and other institutional investors have recently bought and sold shares of UHAL. Lido Advisors LLC grew its holdings in shares of U-Haul by 29.8% during the third 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 lifted its holdings in shares of U-Haul by 23.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,284 shares of the company’s stock worth $238,000 after purchasing an additional 805 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of U-Haul in the 3rd quarter worth approximately $201,000. Engineers Gate Manager LP boosted its position in 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 purchasing an additional 2,482 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in U-Haul during the 2nd quarter valued at approximately $534,000. 3.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on UHAL shares. Citizens Jmp assumed coverage on U-Haul in a research note on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price target 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 upgraded U-Haul from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Citigroup assumed coverage on U-Haul in a report on Wednesday, July 15th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $90.00.

Key Headlines Impacting U-Haul

Here are the key news stories impacting U-Haul this week:

• Positive Sentiment: Net earnings available to common stockholders rose to $136.7 million from $105.6 million a year earlier, while revenue also increased. U-Haul fiscal Q2 financial results
• Neutral Sentiment: Management projected a reduction of more than $500 million in net fleet investments and moderated its self-storage development pipeline to 5.5 million square feet. Lower investment could support capital discipline, though a smaller pipeline may temper growth expectations. U-Haul fleet investments and storage pipeline
• Negative Sentiment: Reported EPS of $0.71 was below FactSet’s $0.78 estimate, giving investors a reason to focus on the earnings shortfall even as net income rose. U-Haul Q2 earnings flash
• Negative Sentiment: Major shareholder Mark Shoen sold 23,000 shares in a transaction disclosed before the earnings release. Insider sales can weigh on sentiment, although the report does not establish the reason for the sale. U-Haul insider transaction report

About U-Haul

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.