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

Key Points

• Major shareholder Mark Shoen sold 23,000 U-Haul shares for about $1.14 million, at an average price of $49.67. His remaining stake fell 15.42% to 126,196 shares.
• U-Haul’s latest quarterly earnings missed expectations: earnings per share were $0.66 versus the $0.84 consensus estimate, with revenue of $1.77 billion.
• The stock was trading at $55.20, down $0.72 on Friday. Analysts’ consensus rating is Hold, with a stated price target of $90.

U-Haul Holding Company (NYSE:UHAL - Get Free Report) major shareholder Mark Shoen sold 23,000 shares of the stock in a transaction that occurred on Wednesday, November 11th. The stock was 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 represents a 15.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

U-Haul Price Performance

UHAL traded down $0.72 during trading on Friday, hitting $55.20. The company's stock had a trading volume of 110,161 shares, compared to its average volume of 200,237. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 178.08 and a beta of 1.07. U-Haul Holding Company has a twelve month low of $41.94 and a twelve month high of $76.45. The business's fifty day simple moving average is $59.64 and its 200 day simple moving average is $58.50. 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 announced 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). U-Haul had a return on equity of 1.21% and a net margin of 1.54%. The business had revenue of $1.77 billion for the quarter. On average, equities research analysts forecast 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 hedge funds have recently made changes to their positions in UHAL. Independent Advisor Alliance purchased a new stake in shares of U-Haul during the third quarter worth approximately $1,738,000. Inceptionr LLC acquired a new position in U-Haul in the 1st quarter valued at $709,000. Maverick Capital Ltd. purchased a new position in U-Haul in the 1st quarter valued at $651,000. Engineers Gate Manager LP lifted its holdings in 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 in the last quarter. Finally, Caxton Associates LLP acquired a new stake in U-Haul during the 1st quarter worth $496,000. Institutional investors and hedge funds own 3.63% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of U-Haul in a research 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. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.

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