U-Haul (NYSE:UHAL) Stock: Insider Mark Shoen Sells 23,000 Shares

U-Haul Holding Company (NYSE:UHAL) major shareholder Mark Shoen sold 23,000 shares of the firm’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $49.32, for a total transaction of $1,134,360.00. Following the completion of the transaction, the insider directly owned 402,196 shares in the company, valued at $19,836,306.72. This represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

U-Haul Stock Up 2.8%

NYSE:UHAL opened at $56.72 on Friday. The firm has a market capitalization of $11.03 billion, a PE ratio of 405.14 and a beta of 1.10. The stock has a 50 day moving average of $61.91 and a 200-day moving average of $58.46. U-Haul Holding Company has a 52 week low of $41.94 and a 52 week high of $76.45. The company has a current ratio of 1.77, a quick ratio of 1.57 and a debt-to-equity ratio of 1.04.

U-Haul (NYSE:UHAL) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.58 earnings per share (EPS) 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 during the quarter. Analysts predict that U-Haul Holding Company will post 1.09 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded U-Haul from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “sell (d+)” rating on shares of U-Haul in a research report on Thursday, October 22nd. Citizens Jmp started coverage on shares of U-Haul in a research note on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price target on the stock. Finally, Citigroup began coverage on U-Haul in a report on Wednesday, July 15th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Inceptionr LLC bought a new stake in shares of U-Haul during the 1st quarter worth about $709,000. Maverick Capital Ltd. acquired a new position in shares of U-Haul in the 1st quarter worth $651,000. Caxton Associates LLP purchased a new position in U-Haul in the 1st quarter worth about $496,000. GSA Capital Partners LLP acquired a new stake in shares of U-Haul during the second quarter valued at approximately $534,000. 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. 3.63% of the stock is owned by institutional investors and hedge funds.

U-Haul Company Profile

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.