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

U-Haul Holding Company (NYSE:UHAL) major shareholder Mark Shoen sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $48.42, for a total transaction of $1,113,660.00. Following the completion of the transaction, the insider owned 356,196 shares of the company’s stock, valued at approximately $17,247,010.32. The trade was a 6.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

U-Haul Stock Up 1.3%

UHAL traded up $0.72 during trading on Friday, hitting $57.52. 144,770 shares of the company’s stock traded hands, compared to its average volume of 144,251. The company’s 50 day simple moving average is $61.62 and its two-hundred day simple moving average is $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 Holding Company has a 12-month low of $41.94 and a 12-month high of $76.45. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 405.71 and a beta of 1.10.

U-Haul (NYSE:UHAL) last posted its earnings results on Wednesday, August 5th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.27). U-Haul had a return on equity of 0.81% and a net margin of 1.05%. The business had revenue of $1.68 billion during the quarter. Analysts predict that U-Haul Holding Company will post 1.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On U-Haul

A number of institutional investors and hedge funds have recently modified their holdings of UHAL. Vise Technologies Inc. bought a new stake in shares of U-Haul in the third quarter worth $201,000. Engineers Gate Manager LP lifted its holdings 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 acquiring an additional 2,482 shares during the period. GSA Capital Partners LLP bought a new position in U-Haul in the second quarter valued at about $534,000. CX Institutional bought a new position in U-Haul in the second quarter valued at about $56,000. Finally, Maverick Capital Ltd. purchased a new position in U-Haul in the first quarter worth about $651,000. 3.63% of the stock is currently owned by hedge funds and other 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.