Key Points
- Major shareholder Mark Shoen sold 23,000 U-Haul shares for about $1.16 million at an average price of $50.30, reducing his stake by 10.54% to 195,196 shares.
- U-Haul reported quarterly EPS of $0.66, below analysts’ $0.84 estimate; revenue was $1.77 billion.
- Analyst views are mixed, with MarketBeat reporting a consensus Hold rating and a $90 price target.
U-Haul Holding Company (NYSE:UHAL - Get Free Report) major shareholder Mark Shoen sold 23,000 shares of U-Haul stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $50.30, for a total value of $1,156,900.00. Following the completion of the transaction, the insider owned 195,196 shares in the company, valued at approximately $9,818,358.80. This represents a 10.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 Trading Up 0.2%
NYSE UHAL opened at $56.88 on Tuesday. The firm has a market cap of $11.06 billion, a PE ratio of 196.13 and a beta of 1.07. U-Haul Holding Company has a 1-year low of $41.94 and a 1-year high of $76.45. The stock has a 50-day moving average of $60.29 and a 200-day moving average of $58.52. 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 (NYSE:UHAL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.66 earnings per share (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 return on equity of 1.21% and a net margin of 1.54%. As a group, sell-side analysts forecast that U-Haul Holding Company will post 1.09 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on UHAL. Citigroup started coverage on U-Haul in a research note on Wednesday, July 15th. They set an "outperform" rating for the company. Wall Street Zen raised shares of U-Haul from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Citizens Jmp started coverage on shares of U-Haul in a report on Wednesday, July 15th. They set a "mkt outperform" rating and a $90.00 price target for the company. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of U-Haul in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $90.00.
View Our Latest Report on U-Haul
Institutional Investors Weigh In On U-Haul
Institutional investors and hedge funds have recently bought and sold shares of the business. Chicago Partners Investment Group LLC raised its holdings in shares of U-Haul by 23.1% during the third quarter. Chicago Partners Investment Group LLC now owns 4,284 shares of the company's stock valued at $238,000 after acquiring an additional 805 shares in the last quarter. CX Institutional purchased a new stake in U-Haul in the second quarter worth $56,000. Lido Advisors LLC lifted its stake in U-Haul by 29.8% in the third quarter. Lido Advisors LLC now owns 5,335 shares of the company's stock worth $321,000 after acquiring an additional 1,224 shares during the period. Engineers Gate Manager LP lifted its stake 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 acquiring an additional 2,482 shares during the period. Finally, Vise Technologies Inc. bought a new stake in U-Haul in the third quarter valued at $201,000. Hedge funds and other institutional investors own 3.63% of the company's stock.
U-Haul Company Profile
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