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

U-Haul Holding Company (NYSE:UHAL) major shareholder Mark Shoen sold 23,000 shares of U-Haul stock in a transaction on Friday, October 30th. The shares were sold at an average price of $50.11, for a total transaction of $1,152,530.00. Following the completion of the transaction, the insider owned 310,196 shares in the company, valued at approximately $15,543,921.56. This trade represents a 6.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

U-Haul Stock Up 2.8%

Shares of NYSE UHAL opened at $60.81 on Thursday. U-Haul Holding Company has a 52-week low of $41.94 and a 52-week high of $76.45. The firm has a fifty day moving average of $60.96 and a 200-day moving average of $58.52. The stock has a market capitalization of $11.82 billion, a PE ratio of 434.42 and a beta of 1.07. The company has a quick ratio of 1.57, a current ratio of 1.77 and a debt-to-equity ratio of 1.04.

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). The firm 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%. On average, analysts anticipate that U-Haul Holding Company will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP boosted its position in U-Haul by 28.9% in 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 during the last quarter. Inceptionr LLC acquired a new stake in shares of U-Haul during the first quarter valued at about $709,000. Maverick Capital Ltd. acquired a new stake in shares of U-Haul during the first quarter valued at about $651,000. GSA Capital Partners LLP purchased a new stake in shares of U-Haul during the second quarter worth about $534,000. Finally, Caxton Associates LLP purchased a new stake in shares of U-Haul during the first quarter worth about $496,000. 3.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UHAL shares. Citizens Jmp began coverage on U-Haul in a research report on Wednesday, July 15th. They set 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 report on Thursday, October 22nd. Wall Street Zen raised 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 for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $90.00.

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.