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 U-Haul stock in a transaction on Monday, November 9th. The shares were sold at an average price of $50.10, for a total value of $1,152,300.00. Following the transaction, the insider owned 172,196 shares in the company, valued at approximately $8,627,019.60. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

U-Haul Trading Down 1.4%

Shares of U-Haul stock opened at $55.90 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.05. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 182.81 and a beta of 1.07. The business has a fifty day simple moving average of $59.64 and a 200-day simple moving average of $58.50. U-Haul Holding Company has a fifty-two week low of $41.94 and a fifty-two week high of $76.45.

U-Haul (NYSE:UHAL) last released its earnings results on Wednesday, November 4th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.18). U-Haul had a return on equity of 1.21% and a net margin of 1.54%. The firm had revenue of $1.77 billion for the quarter. On average, equities analysts forecast that U-Haul Holding Company will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of U-Haul from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of U-Haul in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.00.

Institutional Investors Weigh In On U-Haul

A number of large investors have recently made changes to their positions in the company. CX Institutional purchased a new stake in shares of U-Haul in the 2nd quarter valued at approximately $56,000. Vise Technologies Inc. purchased a new position in U-Haul during the 3rd quarter worth approximately $201,000. Chicago Partners Investment Group LLC raised its stake in U-Haul by 23.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,284 shares of the company’s stock valued at $238,000 after purchasing an additional 805 shares during the period. Lido Advisors LLC lifted its holdings in shares of U-Haul by 29.8% in the third 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 in the last quarter. Finally, State of Wyoming lifted its holdings in shares of U-Haul by 215.2% in the first 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 in the last quarter. Institutional investors and hedge funds own 3.63% of the company’s stock.

About U-Haul

U-Haul Holding Company, formerly known as AMERCO, is a moving and storage company best known for its U-Haul brand. Its services include do-it-yourself truck and trailer rentals, towing equipment, self-storage, and moving supplies. The company also offers U-Box portable storage and moving containers. Founded in 1945 by Leonard Shoen, U-Haul serves customers across the United States and Canada through company-operated locations and independent dealers. Its operations also include related insurance and life-insurance businesses.