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

U-Haul Holding Company (NYSE:UHAL) major shareholder Mark Shoen sold 23,000 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $53.24, for a total value of $1,224,520.00. Following the completion of the transaction, the insider owned 241,196 shares of the company’s stock, valued at $12,841,275.04. The trade was a 8.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

U-Haul Stock Performance

NYSE UHAL opened at $58.66 on Friday. The business’s 50-day moving average price is $60.76 and its 200 day moving average price is $58.53. 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 twelve month low of $41.94 and a twelve month high of $76.45. The company has a market capitalization of $11.40 billion, a PE ratio of 196.13 and a beta of 1.07.

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 net margin of 1.54% and a return on equity of 1.21%. The business had revenue of $1.77 billion during the quarter. On average, research analysts predict that U-Haul Holding Company will post 1.09 earnings per share for the current year.

Hedge Funds Weigh In On U-Haul

Several hedge funds and other institutional investors have recently modified their holdings of UHAL. Inceptionr LLC acquired a new position in U-Haul during the first quarter valued at approximately $709,000. Maverick Capital Ltd. purchased a new stake in U-Haul during the first quarter worth approximately $651,000. Caxton Associates LLP purchased a new stake in U-Haul during the first quarter worth approximately $496,000. GSA Capital Partners LLP acquired a new stake in shares of U-Haul in the second quarter worth $534,000. Finally, Lido Advisors LLC increased its position in shares of U-Haul by 29.8% in the third quarter. Lido Advisors LLC now owns 5,335 shares of the company’s stock worth $321,000 after acquiring an additional 1,224 shares in the last quarter. 3.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on UHAL. Citigroup began coverage on shares of U-Haul in a research note on Wednesday, July 15th. They set an “outperform” rating on the stock. Wall Street Zen raised 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 report on Thursday, October 22nd. Finally, Citizens Jmp started coverage on U-Haul in a report on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 price objective 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 data from MarketBeat, U-Haul presently has a consensus rating of “Hold” and an average price target of $90.00.

Trending Headlines about U-Haul

Here are the key news stories impacting U-Haul this week:

• Positive Sentiment: U-Haul reported net earnings available to common shareholders of $136.7 million, up from $105.6 million a year earlier, while revenue also increased. Company earnings release
• Neutral Sentiment: The company expects net fleet investments to fall by more than $500 million and is moderating its self-storage development pipeline to 5.5 million square feet. Lower investment could support cash flow, though a slower pipeline may limit growth. Fleet investment and storage pipeline report
• Negative Sentiment: Fiscal Q2 earnings per share of $0.71 for UHAL.B missed the FactSet estimate of $0.78, tempering the positive year-over-year profit and revenue trends. Earnings estimate comparison
• Negative Sentiment: Major shareholder Mark Shoen sold 23,000 shares for about $1.22 million, an 8.71% reduction in his holdings. Insider selling can weigh on sentiment, although he retained 241,196 shares. SEC ownership filing

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.