U-Haul Holding (NASDAQ:UHAL) Shares Purchased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC increased its holdings in U-Haul Holding (NASDAQ:UHAL - Free Report) by 33.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300,000 shares of the transportation company's stock after acquiring an additional 75,964 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.15% of U-Haul worth $20,727,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Optas LLC purchased a new stake in U-Haul in the fourth quarter valued at $219,000. Childress Capital Advisors LLC increased its holdings in U-Haul by 20.0% in the 4th quarter. Childress Capital Advisors LLC now owns 6,000 shares of the transportation company's stock worth $415,000 after acquiring an additional 1,000 shares in the last quarter. Asset Planning Inc purchased a new stake in U-Haul during the 4th quarter worth approximately $491,000. Legacy Capital Group California Inc. raised its stake in U-Haul by 7.5% in the 4th quarter. Legacy Capital Group California Inc. now owns 3,383 shares of the transportation company's stock valued at $234,000 after purchasing an additional 237 shares during the last quarter. Finally, Versor Investments LP acquired a new position in U-Haul during the fourth quarter worth about $221,000. Hedge funds and other institutional investors own 3.63% of the company's stock.

Insider Transactions at U-Haul

In other U-Haul news, major shareholder Mark V. Shoen sold 12,500 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $65.86, for a total transaction of $823,250.00. Following the completion of the sale, the insider now directly owns 667,500 shares of the company's stock, valued at $43,961,550. This represents a 1.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John P. Brogan sold 3,000 shares of U-Haul stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $67.04, for a total transaction of $201,120.00. Following the completion of the transaction, the director now owns 40,987 shares in the company, valued at approximately $2,747,768.48. This trade represents a 6.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 28,000 shares of company stock valued at $1,837,245. Insiders own 50.10% of the company's stock.

U-Haul Trading Up 0.6 %

Shares of NASDAQ:UHAL traded up $0.35 during midday trading on Wednesday, reaching $61.33. 54,600 shares of the company's stock were exchanged, compared to its average volume of 97,883. The firm's 50 day simple moving average is $64.23 and its two-hundred day simple moving average is $69.07. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 28.39 and a beta of 1.10. U-Haul Holding has a fifty-two week low of $56.28 and a fifty-two week high of $79.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.03 and a quick ratio of 1.83.

U-Haul Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.33%.

U-Haul Company Profile

U-Haul Holding Co engages in the insurance and moving and storage businesses. It operates through the following business segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment includes the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces.