Key Points
- Major shareholder Mark Shoen sold 23,000 U-Haul shares at an average price of $48.42, generating approximately $1.11 million. His remaining direct ownership fell 6.07% to 356,196 shares.
- U-Haul’s shares opened at $57.52, with a 12-month range of $41.94 to $76.45 and a market capitalization of about $11.18 billion. The company’s latest quarterly EPS of $0.58 missed analysts’ $0.85 estimate.
- Analyst sentiment remains mixed but averages to a “Moderate Buy” rating, with a consensus price target of $85.00; institutional investors own 3.63% of the company.
U-Haul Holding Company (NYSE:UHAL - Get Free Report) major shareholder Mark Shoen sold 23,000 shares of the company's stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $48.42, for a total value of $1,113,660.00. Following the completion of the transaction, the insider directly owned 356,196 shares of the company's stock, valued at approximately $17,247,010.32. This represents a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
U-Haul Stock Performance
Shares of U-Haul stock opened at $57.52 on Friday. The business's fifty day simple moving average is $61.62 and its 200 day simple moving average is $58.47. The company has a current ratio of 1.77, a quick ratio of 1.57 and a debt-to-equity ratio of 1.04. U-Haul Holding Company has a 12 month low of $41.94 and a 12 month high of $76.45. The firm has a market capitalization of $11.18 billion, a P/E ratio of 410.89 and a beta of 1.10.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.27). U-Haul had a net margin of 1.05% and a return on equity of 0.81%. The business had revenue of $1.68 billion during the quarter. As a group, analysts anticipate that U-Haul Holding Company will post 1.09 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have weighed in on UHAL shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of U-Haul in a research note on Thursday, October 22nd. Citizens Jmp started coverage on shares of 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. Wall Street Zen raised shares of U-Haul from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Citigroup assumed coverage on U-Haul in a research note on Wednesday, July 15th. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.00.
View Our Latest Analysis on U-Haul
Institutional Investors Weigh In On U-Haul
Several large investors have recently added to or reduced their stakes in UHAL. Inceptionr LLC purchased a new stake in U-Haul during the first quarter valued at about $709,000. Maverick Capital Ltd. purchased a new position in shares of U-Haul in the first quarter worth about $651,000. Caxton Associates LLP purchased a new position in shares of U-Haul in the first quarter worth about $496,000. GSA Capital Partners LLP purchased a new position in shares of U-Haul in the second quarter worth about $534,000. Finally, State of Wyoming raised its position 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. Hedge funds and other institutional investors own 3.63% of the company's stock.
U-Haul Company Profile
(
Get Free Report)
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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