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 dated Monday, November 2nd. The shares were sold at an average price of $52.51, for a total value of $1,207,730.00. Following the completion of the transaction, the insider directly owned 287,196 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

U-Haul Trading Down 1.3%

Shares of U-Haul stock traded down $0.76 on Tuesday, hitting $58.88. 108,338 shares of the company’s stock traded hands, compared to its average volume of 201,250. U-Haul Holding Company has a one year low of $41.94 and a one year high of $76.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.77 and a quick ratio of 1.57. The company has a fifty day moving average of $61.39 and a two-hundred day moving average of $58.49. The company has a market capitalization of $11.45 billion, a price-to-earnings ratio of 420.64 and a beta of 1.10.

U-Haul (NYSE:UHAL) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.27). The company had revenue of $1.68 billion for the quarter. U-Haul had a return on equity of 0.81% and a net margin of 1.05%. As a group, sell-side analysts expect that U-Haul Holding Company will post 1.09 earnings per share for the current year.

Institutional Trading of U-Haul

Several institutional investors have recently made changes to their positions in UHAL. Inceptionr LLC purchased a new stake in shares of U-Haul in the first quarter valued at about $709,000. Maverick Capital Ltd. bought a new position in shares of U-Haul during the first quarter valued at about $651,000. Caxton Associates LLP purchased a new position in U-Haul during the first quarter worth about $496,000. GSA Capital Partners LLP purchased a new position in U-Haul during the second quarter worth about $534,000. Finally, Chicago Partners Investment Group LLC grew its position in U-Haul by 23.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,284 shares of the company’s stock worth $238,000 after purchasing an additional 805 shares in the last quarter. Institutional investors own 3.63% of the company’s stock.

Analyst Ratings Changes

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