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 firm’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $50.11, for a total transaction of $1,152,530.00. Following the sale, the insider owned 310,196 shares in the company, valued at approximately $15,543,921.56. The trade was a 6.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Price Performance

Shares of NYSE:UHAL opened at $58.88 on Wednesday. The company has a market capitalization of $11.45 billion, a P/E ratio of 426.00 and a beta of 1.07. U-Haul Holding Company has a 1-year low of $41.94 and a 1-year high of $76.45. The firm’s 50 day simple moving average is $61.14 and its two-hundred day simple moving average is $58.50. 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 announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.27). The firm had revenue of $1.68 billion during the quarter. U-Haul had a return on equity of 0.81% and a net margin of 1.05%. Research analysts expect that U-Haul Holding Company will post 1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On U-Haul

A number of hedge funds and other institutional investors have recently modified their holdings of UHAL. CX Institutional purchased a new position in U-Haul during the second quarter valued at $56,000. Vise Technologies Inc. bought a new stake in U-Haul in the 3rd quarter valued at $201,000. Chicago Partners Investment Group LLC lifted its stake 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. State of Wyoming lifted its stake in U-Haul by 215.2% in the 1st quarter. State of Wyoming now owns 7,860 shares of the company’s stock worth $376,000 after purchasing an additional 5,366 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in U-Haul in the 2nd quarter worth $534,000. Institutional investors own 3.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on UHAL. Citizens Jmp initiated coverage on shares of U-Haul in a report on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 target price for the company. Weiss Ratings restated a “sell (d+)” rating on shares of U-Haul in a research report on Thursday, October 22nd. Citigroup started coverage on U-Haul in a research report 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 investment 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, the company currently has an average rating of “Hold” and an average price target 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.