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

Key Points

• Major shareholder Mark Shoen sold 23,000 U-Haul shares for about $1.21 million at an average price of $52.51, reducing his stake by 7.41% to 287,196 shares.
• U-Haul reported quarterly earnings of $0.58 per share, below analysts’ $0.85 estimate, on revenue of $1.68 billion.
• Analysts’ consensus rating is Hold, with an average price target of $90; U-Haul shares traded at $58.88 in the session cited.

U-Haul Holding Company (NYSE:UHAL - Get Free Report) major shareholder Mark Shoen sold 23,000 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $52.51, for a total value of $1,207,730.00. Following the completion of the sale, the insider owned 287,196 shares of the company's stock, valued at approximately $15,080,661.96. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

U-Haul Price Performance

Shares of U-Haul stock traded down $0.76 on Tuesday, reaching $58.88. 108,338 shares of the stock were exchanged, compared to its average volume of 201,250. The firm's 50 day moving average is $61.39 and its 200-day moving average is $58.49. The firm has a market cap of $11.45 billion, a PE ratio of 420.64 and a beta of 1.10. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.57 and a current ratio of 1.77. U-Haul Holding Company has a one year low of $41.94 and a one year high of $76.45.

U-Haul (NYSE:UHAL - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.58 earnings per share 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 business had revenue of $1.68 billion during the quarter. As a group, analysts anticipate that U-Haul Holding Company will post 1.09 EPS for the current fiscal year.

Analysts Set New Price Targets

UHAL has been the subject of several research reports. Wall Street Zen raised shares of U-Haul from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Citizens Jmp began coverage on 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 reissued a "sell (d+)" rating on shares of U-Haul in a report on Thursday, October 22nd. Finally, Citigroup began 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 stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $90.00.

Institutional Trading of U-Haul

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Inceptionr LLC acquired a new stake in U-Haul during the 1st quarter valued at approximately $709,000. Maverick Capital Ltd. acquired a new position in shares of U-Haul in the 1st quarter worth approximately $651,000. Engineers Gate Manager LP boosted its stake in shares of U-Haul by 28.9% in the 2nd 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 last quarter. Caxton Associates LLP bought a new position in U-Haul during the first quarter worth $496,000. Finally, GSA Capital Partners LLP acquired a new position in U-Haul in the second quarter valued at $534,000. 3.63% of the stock is currently owned by institutional investors and hedge funds.

About U-Haul

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.

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