Insider Selling: U-Haul (NYSE:UHAL) Major Shareholder Sells $1,224,520.00 in Stock

U-Haul Holding Company (NYSE:UHAL) major shareholder Mark Shoen sold 23,000 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $53.24, for a total value of $1,224,520.00. Following the completion of the transaction, the insider directly owned 241,196 shares of the company’s stock, valued at approximately $12,841,275.04. This trade represents a 8.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

U-Haul Stock Down 3.6%

Shares of UHAL opened at $56.74 on Friday. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 183.05 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. The stock’s 50-day moving average price is $60.52 and its 200-day moving average price is $58.53. The company has a quick ratio of 1.57, a current ratio of 1.77 and a debt-to-equity ratio of 1.04.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UHAL. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of U-Haul in a report on Thursday, October 22nd. Citigroup assumed coverage on shares of U-Haul in a report on Wednesday, July 15th. They set an “outperform” rating on the stock. Citizens Jmp started coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 price target on the stock. Finally, Wall Street Zen upgraded shares of U-Haul from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company 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 have recently bought and sold shares of UHAL. Lido Advisors LLC raised its stake in U-Haul by 29.8% during the 3rd quarter. Lido Advisors LLC now owns 5,335 shares of the company’s stock worth $321,000 after acquiring an additional 1,224 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in U-Haul by 23.1% in the third quarter. Chicago Partners Investment Group LLC now owns 4,284 shares of the company’s stock valued at $238,000 after acquiring an additional 805 shares during the last quarter. Vise Technologies Inc. acquired a new position in U-Haul in the third quarter valued at $201,000. Engineers Gate Manager LP boosted its stake in U-Haul by 28.9% in the second 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. Finally, GSA Capital Partners LLP acquired a new position in U-Haul in the second quarter valued at $534,000. Hedge funds and other institutional investors own 3.63% of the company’s stock.

U-Haul Company Profile