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

U-Haul Holding Company (NYSE:UHAL) major shareholder Mark Shoen sold 23,000 shares of the business’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $49.67, for a total transaction of $1,142,410.00. Following the transaction, the insider owned 126,196 shares in the company, valued at $6,268,155.32. The trade was a 15.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

U-Haul Price Performance

NYSE UHAL traded down $0.72 during trading hours on Friday, hitting $55.20. 110,161 shares of the company’s stock traded hands, compared to its average volume of 200,237. U-Haul Holding Company has a 52-week low of $41.94 and a 52-week high of $76.45. The company has a market capitalization of $10.73 billion, a PE ratio of 178.08 and a beta of 1.07. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.94 and a quick ratio of 1.73. The firm’s 50-day moving average is $59.64 and its 200-day moving average is $58.50.

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). 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. Equities analysts forecast that U-Haul Holding Company will post 1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On U-Haul

A number of hedge funds have recently modified their holdings of the company. Independent Advisor Alliance acquired a new stake in U-Haul during the third quarter worth about $1,738,000. Engineers Gate Manager LP raised its stake in U-Haul by 28.9% during the second quarter. Engineers Gate Manager LP now owns 11,072 shares of the company’s stock worth $725,000 after purchasing an additional 2,482 shares during the period. Inceptionr LLC acquired a new position in U-Haul in the 1st quarter valued at about $709,000. Maverick Capital Ltd. acquired a new position in U-Haul in the 1st quarter valued at about $651,000. Finally, GSA Capital Partners LLP acquired a new position in U-Haul in the 2nd quarter valued at about $534,000. Hedge funds and other institutional investors own 3.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UHAL. Wall Street Zen upgraded U-Haul from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of U-Haul in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, U-Haul currently has an average rating of “Hold” and a consensus price target of $90.00.

About U-Haul

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.