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 on Wednesday, October 28th. The shares were sold at an average price of $48.42, for a total transaction of $1,113,660.00. Following the transaction, the insider owned 356,196 shares in the company, valued at $17,247,010.32. The trade was a 6.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Trading Up 1.3%

NYSE:UHAL opened at $57.52 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.57 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 410.89 and a beta of 1.10. The firm has a fifty day simple moving average of $61.62 and a two-hundred day simple moving average of $58.47. U-Haul Holding Company has a 12 month low of $41.94 and a 12 month high of $76.45.

U-Haul (NYSE:UHAL) last released 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 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%. Analysts expect that U-Haul Holding Company will post 1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UHAL shares. Weiss Ratings reissued a “sell (d+)” rating on shares of U-Haul in a research note on Thursday, October 22nd. Citigroup began coverage on U-Haul in a research report on Wednesday, July 15th. They set an “outperform” rating on the stock. Citizens Jmp started 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 shares of U-Haul from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, U-Haul has an average rating of “Moderate Buy” and an average target price of $85.00.

Institutional Trading of U-Haul

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Inceptionr LLC bought a new stake in U-Haul during the first quarter worth $709,000. Maverick Capital Ltd. bought a new position in U-Haul during the 1st quarter valued at $651,000. Engineers Gate Manager LP lifted its stake in 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 acquiring an additional 2,482 shares in the last quarter. Caxton Associates LLP purchased a new position in U-Haul during the 1st quarter worth $496,000. Finally, GSA Capital Partners LLP purchased a new position in U-Haul during the 2nd quarter worth $534,000. 3.63% of the stock is owned by institutional investors.

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.