Key Points
- Major shareholder Mark Shoen sold 23,000 U-Haul shares for approximately $1.22 million, reducing his position by 8.71%; he retained 241,196 shares.
- U-Haul reported quarterly revenue of $1.77 billion, and net earnings rose year over year, but reported EPS of $0.66 missed the $0.84 consensus estimate.
- The company expects net fleet investments to decline by more than $500 million and is moderating its self-storage development pipeline, potentially easing spending while slowing expansion.
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 dated Wednesday, November 4th. The stock was sold at an average price of $53.24, for a total value of $1,224,520.00. Following the transaction, the insider owned 241,196 shares in the company, valued at approximately $12,841,275.04. This represents a 8.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
U-Haul Price Performance
Shares of NYSE UHAL opened at $58.66 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.77 and a quick ratio of 1.57. U-Haul Holding Company has a 1-year low of $41.94 and a 1-year high of $76.45. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 196.13 and a beta of 1.07. The business has a 50-day moving average of $60.76 and a 200-day moving average of $58.53.
U-Haul (NYSE:UHAL - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.18). The company had revenue of $1.77 billion for the quarter. U-Haul had a net margin of 1.54% and a return on equity of 1.21%. On average, equities analysts anticipate that U-Haul Holding Company will post 1.09 EPS for the current fiscal year.
U-Haul News Roundup
Here are the key news stories impacting U-Haul this week:
- Positive Sentiment: U-Haul reported net earnings available to common shareholders of $136.7 million, up from $105.6 million a year earlier, while revenue also increased. Company earnings release
- Neutral Sentiment: The company expects net fleet investments to fall by more than $500 million and is moderating its self-storage development pipeline to 5.5 million square feet. Lower investment could support cash flow, though a slower pipeline may limit growth. Fleet investment and storage pipeline report
- Negative Sentiment: Fiscal Q2 earnings per share of $0.71 for UHAL.B missed the FactSet estimate of $0.78, tempering the positive year-over-year profit and revenue trends. Earnings estimate comparison
- Negative Sentiment: Major shareholder Mark Shoen sold 23,000 shares for about $1.22 million, an 8.71% reduction in his holdings. Insider selling can weigh on sentiment, although he retained 241,196 shares. SEC ownership filing
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Inceptionr LLC purchased a new position in U-Haul in the first quarter valued at about $709,000. Maverick Capital Ltd. acquired a new stake in U-Haul during the 1st quarter valued at approximately $651,000. Caxton Associates LLP acquired a new stake in U-Haul during the 1st quarter valued at approximately $496,000. GSA Capital Partners LLP acquired a new stake in U-Haul during the 2nd quarter valued at approximately $534,000. Finally, Lido Advisors LLC increased its holdings in U-Haul by 29.8% during the 3rd quarter. Lido Advisors LLC now owns 5,335 shares of the company's stock worth $321,000 after purchasing an additional 1,224 shares during the last quarter. Institutional investors and hedge funds own 3.63% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on UHAL. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of U-Haul in a research report on Thursday, October 22nd. Citizens Jmp assumed 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 objective 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. Finally, Citigroup initiated coverage on shares of U-Haul in a research note on Wednesday, July 15th. They issued an "outperform" rating for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $90.00.
Read Our Latest Research Report on UHAL
U-Haul Company Profile
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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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