Insider Selling: U-Haul Holding (NASDAQ:UHAL) Major Shareholder Sells 12,500 Shares of Stock

U-Haul Holding (NASDAQ:UHAL) major shareholder Mark V. Shoen sold 12,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $65.86, for a total transaction of $823,250.00. Following the sale, the insider now owns 667,500 shares of the company’s stock, valued at $43,961,550. This trade represents a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

U-Haul Stock Down 0.8 %

UHAL stock opened at $71.06 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.03 and a quick ratio of 1.83. U-Haul Holding has a 52-week low of $59.70 and a 52-week high of $79.04. The company has a 50-day moving average of $71.03 and a two-hundred day moving average of $71.90. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of 32.90 and a beta of 1.09.

Institutional Investors Weigh In On U-Haul

Several hedge funds have recently made changes to their positions in UHAL. Motley Fool Asset Management LLC bought a new stake in shares of U-Haul in the third quarter valued at about $201,000. Aster Capital Management DIFC Ltd lifted its stake in shares of U-Haul by 5.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,990 shares of the transportation company’s stock valued at $207,000 after buying an additional 142 shares during the period. Optas LLC bought a new stake in shares of U-Haul in the fourth quarter valued at about $219,000. Versor Investments LP bought a new stake in shares of U-Haul in the fourth quarter valued at about $221,000. Finally, Legacy Capital Group California Inc. lifted its stake in shares of U-Haul by 7.5% in the fourth quarter. Legacy Capital Group California Inc. now owns 3,383 shares of the transportation company’s stock valued at $234,000 after buying an additional 237 shares during the period. Institutional investors own 3.63% of the company’s stock.

U-Haul Company Profile

U-Haul Holding Co engages in the insurance and moving and storage businesses. It operates through the following business segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment includes the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces.