U-Haul (NYSE:UHAL) Stock: Insider Mark Shoen Sells 23,000 Shares

Key Points

• Major shareholder Mark Shoen sold 23,000 U-Haul shares at an average price of $49.32, generating approximately $1.13 million. His remaining stake fell 5.41% to 402,196 shares.
• U-Haul shares declined 0.9% to $55.11, with the stock trading well below its 52-week high of $76.45. The company recently reported quarterly EPS of $0.58, missing the $0.85 consensus estimate, on revenue of $1.68 billion.
• Analyst sentiment remains mixed but averages a “Moderate Buy” rating, with a consensus price target of $85.00; institutional investors and hedge funds own 3.63% of the stock.

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 Monday, October 26th. The stock was sold at an average price of $49.32, for a total transaction of $1,134,360.00. Following the completion of the sale, the insider owned 402,196 shares of the company's stock, valued at approximately $19,836,306.72. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Stock Down 0.9%

UHAL traded down $0.51 during trading on Wednesday, hitting $55.11. The company had a trading volume of 178,052 shares, compared to its average volume of 202,231. U-Haul Holding Company has a 1-year low of $41.94 and a 1-year high of $76.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.77 and a quick ratio of 1.57. The company has a market cap of $10.71 billion, a PE ratio of 393.67 and a beta of 1.10. The business has a 50-day moving average of $62.57 and a 200-day moving average of $58.45.

U-Haul (NYSE:UHAL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.27). The company had revenue of $1.68 billion for the quarter. U-Haul had a return on equity of 0.81% and a net margin of 1.05%. As a group, analysts forecast that U-Haul Holding Company will post 1.09 earnings per share for the current year.

Institutional Trading of U-Haul

A number of institutional investors and hedge funds have recently modified their holdings of UHAL. Engineers Gate Manager LP lifted 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 buying an additional 2,482 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of U-Haul during the 2nd quarter valued at about $534,000. CX Institutional acquired a new stake in U-Haul during the second quarter worth about $56,000. Maverick Capital Ltd. acquired a new stake in U-Haul during the first quarter worth about $651,000. Finally, Caxton Associates LLP acquired a new stake in U-Haul during the first quarter worth about $496,000. 3.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citizens Jmp assumed 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. Wall Street Zen upgraded U-Haul from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of U-Haul in a report on Thursday, October 22nd. Finally, Citigroup assumed coverage on U-Haul in a research report on Wednesday, July 15th. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, U-Haul has an average rating of "Moderate Buy" and a consensus price target of $85.00.

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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