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 the stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $50.10, for a total transaction of $1,152,300.00. Following the completion of the sale, the insider directly owned 172,196 shares of the company’s stock, valued at approximately $8,627,019.60. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

U-Haul Trading Down 1.4%

Shares of NYSE UHAL traded down $0.77 during midday trading on Thursday, reaching $55.90. 110,572 shares of the stock were exchanged, compared to its average volume of 200,650. The company has a 50 day simple moving average of $59.85 and a 200 day simple moving average of $58.50. The stock has a market capitalization of $10.87 billion, a P/E ratio of 180.33 and a beta of 1.07. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.73 and a current ratio of 1.94. U-Haul Holding Company has a twelve month low of $41.94 and a twelve month high of $76.45.

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 business had revenue of $1.77 billion during the quarter. As a group, equities analysts expect that U-Haul Holding Company will post 1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On U-Haul

Several large investors have recently made changes to their positions in UHAL. Independent Advisor Alliance purchased a new position in shares of U-Haul during the 3rd quarter worth approximately $1,738,000. Lido Advisors LLC increased its holdings in U-Haul by 29.8% in 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 holdings in U-Haul by 23.1% in 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 stake in U-Haul in the third quarter valued at approximately $201,000. Finally, Engineers Gate Manager LP raised its position in U-Haul by 28.9% in the second 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. 3.63% of the stock is currently owned by institutional investors and hedge funds.

U-Haul Company Profile

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.