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 business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $52.51, for a total transaction of $1,207,730.00. Following the sale, the insider directly owned 287,196 shares of the company’s stock, valued at $15,080,661.96. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

U-Haul Trading Up 2.8%

NYSE UHAL opened at $60.81 on Thursday. The company’s 50-day moving average price is $60.96 and its 200-day moving average price is $58.52. The company has a current ratio of 1.77, a quick ratio of 1.57 and a debt-to-equity ratio of 1.04. The stock has a market cap of $11.82 billion, a PE ratio of 434.42 and a beta of 1.07. U-Haul Holding Company has a 12 month low of $41.94 and a 12 month high of $76.45.

U-Haul (NYSE:UHAL) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.18). U-Haul had a return on equity of 0.81% and a net margin of 1.05%. The company had revenue of $1.77 billion during the quarter. Equities research analysts forecast that U-Haul Holding Company will post 1.09 earnings per share for the current year.

Institutional Investors Weigh In On U-Haul

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP boosted its stake 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 in the last quarter. Inceptionr LLC acquired a new position in shares of U-Haul during the first quarter worth $709,000. Maverick Capital Ltd. acquired a new position in shares of U-Haul during the first quarter worth $651,000. GSA Capital Partners LLP acquired a new position in shares of U-Haul during the second quarter worth $534,000. Finally, Caxton Associates LLP purchased a new stake in shares of U-Haul during the 1st quarter valued at $496,000. Hedge funds and other institutional investors own 3.63% of the company’s stock.

Analyst Ratings Changes

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

About U-Haul

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.