Insider Selling: U-Haul (NYSE:UHAL) Major Shareholder Sells $1,152,300.00 in Stock

Key Points

• Major shareholder Mark Shoen sold 23,000 U-Haul shares for $1.15 million at an average price of $50.10, reducing his stake by 11.78% to 172,196 shares.
• U-Haul reported quarterly EPS of $0.66, missing the $0.84 analyst consensus; revenue was $1.77 billion.
• Analyst views are mixed, with the stock carrying an average “Hold” rating and a reported average price target of $90.

U-Haul Holding Company (NYSE:UHAL - Get Free Report) major shareholder Mark Shoen sold 23,000 shares of U-Haul stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $50.10, for a total value of $1,152,300.00. Following the completion of the sale, the insider owned 172,196 shares in the company, valued at approximately $8,627,019.60. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

U-Haul Price Performance

NYSE:UHAL traded down $0.77 during trading hours on Thursday, hitting $55.90. 110,572 shares of the stock were exchanged, compared to its average volume of 200,650. The firm's fifty day moving average price is $59.85 and its 200 day moving average price is $58.50. U-Haul Holding Company has a 52-week low of $41.94 and a 52-week high of $76.45. The company has a market cap of $10.87 billion, a P/E ratio of 180.33 and a beta of 1.07. The company has a current ratio of 1.94, a quick ratio of 1.73 and a debt-to-equity ratio of 1.05.

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

Hedge Funds Weigh In On U-Haul

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Independent Advisor Alliance acquired a new stake in shares of U-Haul in the 3rd quarter worth $1,738,000. Lido Advisors LLC boosted its position in shares of U-Haul by 29.8% during the 3rd quarter. Lido Advisors LLC now owns 5,335 shares of the company's stock valued at $321,000 after acquiring an additional 1,224 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of U-Haul by 23.1% in the third quarter. Chicago Partners Investment Group LLC now owns 4,284 shares of the company's stock valued at $238,000 after purchasing an additional 805 shares during the period. Vise Technologies Inc. purchased a new stake in shares of U-Haul in the third quarter valued at about $201,000. Finally, Engineers Gate Manager LP grew its holdings in shares of U-Haul by 28.9% in the second quarter. Engineers Gate Manager LP now owns 11,072 shares of the company's stock valued at $725,000 after purchasing an additional 2,482 shares during the period. Institutional investors and hedge funds own 3.63% of the company's stock.

Analysts Set New Price Targets

UHAL has been the topic of a number of research reports. Citigroup initiated coverage on U-Haul in a report on Wednesday, July 15th. They issued an "outperform" rating on the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of U-Haul in a report on Thursday, October 22nd. Wall Street Zen upgraded shares of U-Haul from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, 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. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $90.00.

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.

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