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 company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $52.51, for a total value of $1,207,730.00. Following the sale, the insider owned 287,196 shares in the company, valued at $15,080,661.96. The trade was a 7.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

U-Haul Stock Performance

Shares of NYSE UHAL opened at $58.88 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.57 and a current ratio of 1.77. The stock has a 50 day moving average price of $61.14 and a 200 day moving average price of $58.50. The stock has a market capitalization of $11.45 billion, a PE ratio of 426.00 and a beta of 1.07. U-Haul Holding Company has a 52 week low of $41.94 and a 52 week high of $76.45.

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

Institutional Trading of U-Haul

Several institutional investors and hedge funds have recently bought and sold shares of UHAL. Inceptionr LLC acquired a new position in shares of U-Haul during the 1st quarter worth approximately $709,000. Maverick Capital Ltd. bought a new stake in U-Haul in the 1st quarter valued at $651,000. Caxton Associates LLP bought a new stake in U-Haul in the 1st quarter valued at $496,000. GSA Capital Partners LLP acquired a new stake in U-Haul during the 2nd quarter valued at $534,000. Finally, State of Wyoming lifted its holdings in U-Haul by 215.2% during the 1st quarter. State of Wyoming now owns 7,860 shares of the company’s stock valued at $376,000 after purchasing an additional 5,366 shares during the last quarter. Institutional investors own 3.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of U-Haul in a research report on Thursday, October 22nd. Citigroup assumed coverage on shares of U-Haul in a research note on Wednesday, July 15th. They issued an “outperform” rating for the company. Finally, Citizens Jmp assumed coverage on shares of U-Haul in a research report on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price objective for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.