Key Points
- Major shareholder Mark Shoen sold 23,000 U-Haul shares at an average price of $50.11, for about $1.15 million. He retained 310,196 shares after the sale, a 6.9% reduction in his ownership.
- U-Haul reported quarterly earnings of $0.58 per share, below the $0.85 analyst consensus; revenue was $1.68 billion.
- Analyst opinions were mixed, with one Buy rating and one Sell rating; MarketBeat’s consensus rating was Hold, with an average price target of $90.
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 Friday, October 30th. The stock was sold at an average price of $50.11, for a total value of $1,152,530.00. Following the sale, the insider owned 310,196 shares of the company's stock, valued at approximately $15,543,921.56. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
U-Haul Trading Down 1.3%
NYSE UHAL opened at $58.88 on Wednesday. The company's 50-day moving average price is $61.14 and its 200-day moving average price is $58.50. The company has a current ratio of 1.77, a quick ratio of 1.57 and a debt-to-equity ratio of 1.04. The stock has a market cap of $11.45 billion, a PE ratio of 426.00 and a beta of 1.07. U-Haul Holding Company has a 12 month low of $41.94 and a 12 month high of $76.45.
U-Haul (NYSE:UHAL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.27). U-Haul had a return on equity of 0.81% and a net margin of 1.05%. The company had revenue of $1.68 billion during the quarter. Equities research analysts forecast that U-Haul Holding Company will post 1.09 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have recently commented on UHAL. Citigroup began coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set an "outperform" rating on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of U-Haul in a report on Thursday, October 22nd. Wall Street Zen upgraded U-Haul from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Citizens Jmp assumed coverage on U-Haul in a report on Wednesday, July 15th. They set a "mkt outperform" rating and a $90.00 price objective on the stock. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, U-Haul currently has an average rating of "Hold" and an average price target of $90.00.
Read Our Latest Report on UHAL
Institutional Trading of U-Haul
A number of hedge funds have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC grew its holdings 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 worth $238,000 after acquiring an additional 805 shares in the last quarter. Vise Technologies Inc. bought a new position in shares of U-Haul during the 3rd quarter worth approximately $201,000. Engineers Gate Manager LP lifted its holdings in shares of U-Haul by 28.9% during the 2nd quarter. Engineers Gate Manager LP now owns 11,072 shares of the company's stock valued at $725,000 after purchasing an additional 2,482 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in U-Haul in the second quarter worth about $534,000. Finally, CX Institutional acquired a new stake in U-Haul in the 2nd quarter worth approximately $56,000. 3.63% of the stock is owned by hedge funds and other institutional investors.
About U-Haul
(
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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