U-Haul (NYSE:UHAL) Major Shareholder Mark Shoen Sells 23,000 Shares of Company Stock

U-Haul Holding Company (NYSE:UHAL) major shareholder Mark Shoen sold 23,000 shares of the stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $49.67, for a total value of $1,142,410.00. Following the transaction, the insider owned 126,196 shares in the company, valued at $6,268,155.32. This trade represents a 15.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

U-Haul Price Performance

Shares of NYSE UHAL traded down $0.72 during trading hours on Friday, reaching $55.20. 110,161 shares of the stock traded hands, compared to its average volume of 158,376. The company has a market capitalization of $10.71 billion, a P/E ratio of 178.08 and a beta of 1.07. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.05. U-Haul Holding Company has a 52-week low of $41.94 and a 52-week high of $76.45. The company’s 50-day simple moving average is $59.39 and its two-hundred day simple moving average is $58.49.

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

Hedge Funds Weigh In On U-Haul

Several institutional investors and hedge funds have recently bought and sold shares of UHAL. Inceptionr LLC purchased a new stake in shares of U-Haul during the first quarter valued at approximately $709,000. Maverick Capital Ltd. bought a new position in shares of U-Haul in the first quarter worth approximately $651,000. Caxton Associates LLP bought a new position in shares of U-Haul in the first quarter worth approximately $496,000. GSA Capital Partners LLP purchased a new position in shares of U-Haul in the second quarter worth $534,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of U-Haul in the third quarter worth $208,000. 3.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on UHAL. Wall Street Zen raised shares of U-Haul from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $90.00.

U-Haul Company Profile

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.