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 firm’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $50.30, for a total transaction of $1,156,900.00. Following the completion of the transaction, the insider directly owned 195,196 shares in the company, valued at $9,818,358.80. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

U-Haul Stock Up 0.2%

Shares of NYSE UHAL opened at $56.88 on Tuesday. The stock has a market capitalization of $11.06 billion, a P/E ratio of 196.13 and a beta of 1.07. The company has a 50-day moving average price of $60.29 and a 200-day moving average price of $58.52. U-Haul Holding Company has a 1 year low of $41.94 and a 1 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.

U-Haul (NYSE:UHAL) last posted its 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 1.21% and a net margin of 1.54%. The business had revenue of $1.77 billion for the quarter. On average, equities research analysts forecast that U-Haul Holding Company will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On U-Haul

A number of hedge funds and other institutional investors have recently modified their holdings of UHAL. Chicago Partners Investment Group LLC lifted its holdings in shares of 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 acquiring an additional 805 shares during the last quarter. CX Institutional bought a new position in shares of U-Haul during the 2nd quarter valued at $56,000. Lido Advisors LLC grew its holdings in shares of U-Haul by 29.8% during the 3rd quarter. Lido Advisors LLC now owns 5,335 shares of the company’s stock valued at $321,000 after purchasing an additional 1,224 shares during the last quarter. Engineers Gate Manager LP grew its holdings in shares of U-Haul by 28.9% during the 2nd quarter. Engineers Gate Manager LP now owns 11,072 shares of the company’s stock valued at $725,000 after purchasing an additional 2,482 shares during the last quarter. Finally, Vise Technologies Inc. purchased a new position in U-Haul in the 3rd quarter worth $201,000. Hedge funds and other institutional investors own 3.63% of the company’s stock.

U-Haul Company Profile