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

Key Points

• Major shareholder Mark Shoen sold 23,000 U-Haul shares at an average price of $48.42, generating approximately $1.11 million. His remaining stake fell 6.07% to 356,196 shares.
• U-Haul shares rose 1.3% to $57.52, but the company recently reported quarterly EPS of $0.58, below analysts’ $0.85 consensus estimate, on revenue of $1.68 billion.
• Analyst sentiment is mixed, though U-Haul has a consensus “Moderate Buy” rating and an $85 target price compared with the reported share price.

U-Haul Holding Company (NYSE:UHAL - Get Free Report) major shareholder Mark Shoen sold 23,000 shares of U-Haul stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $48.42, for a total transaction of $1,113,660.00. Following the completion of the sale, the insider owned 356,196 shares in the company, valued at approximately $17,247,010.32. This trade represents a 6.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

U-Haul Trading Up 1.3%

NYSE UHAL traded up $0.72 during trading on Friday, hitting $57.52. The company had a trading volume of 144,770 shares, compared to its average volume of 144,251. The company's fifty day moving average is $61.62 and its 200-day moving average is $58.47. U-Haul Holding Company has a one year low of $41.94 and a one year high of $76.45. The company has a current ratio of 1.77, a quick ratio of 1.57 and a debt-to-equity ratio of 1.04. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 405.71 and a beta of 1.10.

U-Haul (NYSE:UHAL - Get Free Report) last released 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 return on equity of 0.81% and a net margin of 1.05%. The company had revenue of $1.68 billion during the quarter. On average, sell-side analysts predict that U-Haul Holding Company will post 1.09 earnings per share for the current year.

Institutional Trading of U-Haul

A number of hedge funds have recently made changes to their positions in the stock. CX Institutional purchased a new stake in shares of U-Haul in the second quarter worth $56,000. Engineers Gate Manager LP raised its position 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 worth $725,000 after purchasing an additional 2,482 shares during the last quarter. Vise Technologies Inc. purchased a new position in shares of U-Haul in the 3rd quarter worth about $201,000. 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 in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in U-Haul during the 2nd quarter valued at about $534,000. 3.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a "sell (d+)" rating on shares of U-Haul in a research report on Thursday, October 22nd. Citigroup assumed coverage on U-Haul in a report on Wednesday, July 15th. They issued an "outperform" rating for the company. Wall Street Zen raised U-Haul from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Citizens Jmp initiated coverage on shares of U-Haul in a report on Wednesday, July 15th. They set a "mkt outperform" rating and a $90.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.00.

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.

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