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 the firm’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $49.67, for a total value of $1,142,410.00. Following the completion of the sale, the insider directly owned 126,196 shares in the company, valued at $6,268,155.32. This trade represents a 15.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

U-Haul Stock Performance

NYSE UHAL traded down $0.72 during trading on Friday, hitting $55.20. The company’s stock had a trading volume of 110,161 shares, compared to its average volume of 158,376. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.05. The firm has a 50 day moving average price of $59.39 and a 200 day moving average price of $58.49. The firm has a market cap of $10.71 billion, a P/E ratio of 178.08 and a beta of 1.07. U-Haul Holding Company has a 52 week low of $41.94 and a 52 week high of $76.45.

U-Haul (NYSE:UHAL) last issued its quarterly earnings results 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 return on equity of 1.21% and a net margin of 1.54%. The business had revenue of $1.77 billion for the quarter. Equities research analysts forecast that U-Haul Holding Company will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UHAL. Independent Advisor Alliance acquired a new stake in U-Haul in the 3rd quarter valued at about $1,738,000. Inceptionr LLC acquired a new position in shares of U-Haul during the first quarter worth approximately $709,000. Maverick Capital Ltd. acquired a new position in shares of U-Haul during the first quarter worth approximately $651,000. Caxton Associates LLP acquired a new position in shares of U-Haul during the first quarter worth approximately $496,000. Finally, GSA Capital Partners LLP bought a new stake in shares of U-Haul during the second quarter valued at approximately $534,000. 3.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on UHAL shares. Wall Street Zen upgraded shares of U-Haul from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “sell (d+)” rating on shares of U-Haul in a research report on Thursday, October 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $90.00.

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.