U-Haul Holding Company (NYSE:UHAL - Get Free Report) major shareholder Mark Shoen sold 23,000 shares of the business's 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 transaction, the insider directly owned 402,196 shares in the company, valued at $19,836,306.72. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
U-Haul Price Performance
Shares of NYSE:UHAL opened at $55.11 on Thursday. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 393.67 and a beta of 1.10. The firm has a fifty day moving average price of $62.22 and a 200 day moving average price of $58.45. U-Haul Holding Company has a fifty-two week low of $41.94 and a fifty-two week high of $76.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.57 and a current ratio of 1.77.
U-Haul (NYSE:UHAL - Get Free Report) last announced 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). The company had revenue of $1.68 billion during the quarter. U-Haul had a net margin of 1.05% and a return on equity of 0.81%. As a group, sell-side analysts expect that U-Haul Holding Company will post 1.09 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP increased its position in U-Haul by 28.9% in the second 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. GSA Capital Partners LLP bought a new position in U-Haul during the second quarter valued at $534,000. CX Institutional bought a new position in U-Haul during the second quarter valued at $56,000. Maverick Capital Ltd. purchased a new position in shares of U-Haul in the 1st quarter worth $651,000. Finally, Caxton Associates LLP purchased a new position in shares of U-Haul in the 1st quarter worth $496,000. 3.63% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have 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. Wall Street Zen raised U-Haul from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Citigroup began coverage on U-Haul in a research report on Wednesday, July 15th. They issued an "outperform" rating on the stock. Finally, Citizens Jmp began coverage on U-Haul in a research note on Wednesday, July 15th. They set a "mkt outperform" rating and a $90.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $85.00.
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About U-Haul
(
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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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