Insider Selling: U-Haul (NYSE:UHAL) Major Shareholder Sells $1,152,530.00 in Stock

U-Haul Holding Company (NYSE:UHAL) major shareholder Mark Shoen sold 23,000 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $50.11, for a total value of $1,152,530.00. Following the sale, the insider directly owned 310,196 shares in the company, valued at approximately $15,543,921.56. The trade was a 6.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

U-Haul Price Performance

UHAL traded down $0.76 during trading on Tuesday, reaching $58.88. The stock had a trading volume of 108,338 shares, compared to its average volume of 201,250. The firm has a market capitalization of $11.45 billion, a price-to-earnings ratio of 420.64 and a beta of 1.10. 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 Holding Company has a 1-year low of $41.94 and a 1-year high of $76.45. The stock has a 50 day moving average of $61.39 and a two-hundred day moving average of $58.49.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UHAL. Inceptionr LLC purchased a new position in shares of U-Haul in the first quarter worth approximately $709,000. Maverick Capital Ltd. acquired a new stake in shares of U-Haul during the first quarter valued at approximately $651,000. Caxton Associates LLP purchased a new stake in shares of U-Haul in the 1st quarter valued at approximately $496,000. GSA Capital Partners LLP purchased a new stake in shares of U-Haul in the 2nd quarter valued at approximately $534,000. Finally, State of Wyoming boosted its stake in U-Haul by 215.2% in the 1st quarter. State of Wyoming now owns 7,860 shares of the company’s stock worth $376,000 after purchasing an additional 5,366 shares during the period. 3.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on UHAL shares. Citizens Jmp initiated coverage on U-Haul in a report on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 target price on the stock. Wall Street Zen raised shares of U-Haul from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Citigroup started coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set an “outperform” rating for the company. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of U-Haul in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $90.00.

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.