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 the stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $50.30, for a total transaction of $1,156,900.00. Following the completion of the transaction, the insider owned 195,196 shares in the company, valued at approximately $9,818,358.80. This trade represents a 10.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 Stock Performance

NYSE UHAL traded up $0.14 on Monday, hitting $56.88. 131,738 shares of the company’s stock traded hands, compared to its average volume of 201,680. The company has a current ratio of 1.94, a quick ratio of 1.73 and a debt-to-equity ratio of 1.05. U-Haul Holding Company has a 1-year low of $41.94 and a 1-year high of $76.45. The firm’s 50-day moving average price is $60.52 and its two-hundred day moving average price is $58.53. The firm has a market capitalization of $11.06 billion, a PE ratio of 183.48 and a beta of 1.07.

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

Hedge Funds Weigh In On U-Haul

A number of hedge funds have recently bought and sold shares of UHAL. CX Institutional acquired a new stake in U-Haul in the second quarter valued at approximately $56,000. Vise Technologies Inc. purchased a new stake in shares of U-Haul in the third quarter valued at approximately $201,000. Chicago Partners Investment Group LLC raised its stake 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 worth $238,000 after buying an additional 805 shares during the period. Lido Advisors LLC raised its stake 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 worth $321,000 after buying an additional 1,224 shares during the period. Finally, State of Wyoming raised its stake in shares of U-Haul by 215.2% during the 1st quarter. State of Wyoming now owns 7,860 shares of the company’s stock worth $376,000 after buying an additional 5,366 shares during the period. Hedge funds and other institutional investors own 3.63% of the company’s stock.

Wall Street Analyst Weigh In

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

U-Haul Company Profile