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 company’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $50.30, for a total value of $1,156,900.00. Following the completion of the transaction, the insider owned 195,196 shares in the company, valued at $9,818,358.80. This represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Stock Performance

Shares of UHAL opened at $56.59 on Wednesday. U-Haul Holding Company has a 12-month low of $41.94 and a 12-month high of $76.45. The company has a current ratio of 1.94, a quick ratio of 1.73 and a debt-to-equity ratio of 1.05. The company has a market cap of $11.00 billion, a PE ratio of 183.48 and a beta of 1.07. The stock has a 50-day moving average price of $60.08 and a 200-day moving average price of $58.51.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on UHAL. Citizens Jmp assumed 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 for the company. Weiss Ratings restated a “sell (d+)” rating on shares of U-Haul in a report on Thursday, October 22nd. Wall Street Zen upgraded U-Haul from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Citigroup started coverage on U-Haul in a research report on Wednesday, July 15th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $90.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC boosted its stake in U-Haul by 23.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,284 shares of the company’s stock worth $238,000 after purchasing an additional 805 shares in the last quarter. CX Institutional bought a new position in shares of U-Haul in the second quarter worth approximately $56,000. Lido Advisors LLC grew its holdings in shares of U-Haul by 29.8% during the third quarter. Lido Advisors LLC now owns 5,335 shares of the company’s stock valued at $321,000 after buying an additional 1,224 shares during the last quarter. Engineers Gate Manager LP grew its holdings in shares of U-Haul by 28.9% during the second quarter. Engineers Gate Manager LP now owns 11,072 shares of the company’s stock valued at $725,000 after buying an additional 2,482 shares during the last quarter. Finally, Vise Technologies Inc. purchased a new stake in shares of U-Haul during the third quarter valued at approximately $201,000. 3.63% of the stock is owned by hedge funds and other institutional investors.

About U-Haul

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.