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 of $50.30, worth about $1.16 million. After the sale, he held 195,196 shares, a 10.54% reduction in his position.
• U-Haul reported quarterly EPS of $0.66, below analysts’ $0.84 consensus estimate, on revenue of $1.77 billion.
• Analyst opinions were mixed, leaving U-Haul with a MarketBeat consensus rating of Hold and an average 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 on Friday, November 6th. The shares were sold at an average price of $50.30, for a total value of $1,156,900.00. Following the sale, the insider owned 195,196 shares of the company's stock, valued at approximately $9,818,358.80. This represents a 10.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

U-Haul Stock Up 0.2%

Shares of U-Haul stock traded up $0.14 during trading on Monday, reaching $56.88. The company's stock had a trading volume of 131,738 shares, compared to its average volume of 201,680. U-Haul Holding Company has a 1-year low of $41.94 and a 1-year high of $76.45. The company has a 50-day simple moving average of $60.52 and a two-hundred day simple moving average of $58.53. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.05. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 183.48 and a beta of 1.07.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UHAL. Citigroup started coverage on U-Haul in a research note on Wednesday, July 15th. They set an "outperform" rating on the stock. Wall Street Zen raised shares of U-Haul from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of U-Haul in a research report on Thursday, October 22nd. Finally, Citizens Jmp assumed coverage on shares of U-Haul in a research note on Wednesday, July 15th. They issued a "mkt outperform" rating and a $90.00 target price for the company. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $90.00.

Hedge Funds Weigh In On U-Haul

Several hedge funds have recently made changes to their positions in the company. CX Institutional purchased a new position in U-Haul in the 2nd quarter worth $56,000. Vise Technologies Inc. purchased a new stake in U-Haul during the 3rd quarter valued at about $201,000. Chicago Partners Investment Group LLC grew its stake in U-Haul by 23.1% during the 3rd 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 last quarter. Lido Advisors LLC increased its holdings in shares of U-Haul by 29.8% in the third quarter. Lido Advisors LLC now owns 5,335 shares of the company's stock valued at $321,000 after purchasing an additional 1,224 shares during the period. Finally, State of Wyoming increased its holdings in shares of U-Haul by 215.2% in the first quarter. State of Wyoming now owns 7,860 shares of the company's stock valued at $376,000 after purchasing an additional 5,366 shares during the period. 3.63% of the stock is owned by institutional investors and hedge funds.

About U-Haul

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