Key Points
- Major shareholder Mark Shoen sold 23,000 U-Haul shares for about $1.14 million at an average price of $49.67, reducing his position by 15.42% to 126,196 shares.
- U-Haul reported quarterly earnings of $0.66 per share, below analysts’ $0.84 consensus estimate, on revenue of $1.77 billion.
- Analyst views were mixed, with the stock carrying a consensus “Hold” rating and a $90 price target; shares traded down 1.3% to $55.20 on Friday.
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 11th. The shares were sold at an average price of $49.67, for a total transaction of $1,142,410.00. Following the completion of the transaction, the insider owned 126,196 shares in the company, valued at $6,268,155.32. The trade was a 15.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
U-Haul Trading Down 1.3%
Shares of NYSE:UHAL traded down $0.72 during midday trading on Friday, hitting $55.20. 110,161 shares of the stock traded hands, compared to its average volume of 158,376. The stock has a market capitalization of $10.71 billion, a PE ratio of 178.08 and a beta of 1.07. The business's 50 day moving average is $59.39 and its two-hundred day moving average is $58.49. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.05. U-Haul Holding Company has a one year low of $41.94 and a one year high of $76.45.
U-Haul (NYSE:UHAL - Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.18). The firm 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, 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 research firms have commented on UHAL. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of U-Haul in a research 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. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, U-Haul has an average rating of "Hold" and a consensus price target of $90.00.
Get Our Latest Stock Report on UHAL
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. EP Wealth Advisors LLC purchased a new position in shares of U-Haul in the 3rd quarter valued at approximately $208,000. Independent Advisor Alliance bought a new stake in shares of U-Haul during the third quarter valued at approximately $1,738,000. Lido Advisors LLC grew 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 purchasing an additional 1,224 shares during the period. Chicago Partners Investment Group LLC grew its stake in U-Haul by 23.1% in the third quarter. Chicago Partners Investment Group LLC now owns 4,284 shares of the company's stock worth $238,000 after purchasing an additional 805 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in U-Haul in the third quarter worth $201,000. Institutional investors own 3.63% of the company's stock.
U-Haul Company Profile
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Get Free Report)
U-Haul Holding Company, formerly known as AMERCO, is a moving and storage company best known for its U-Haul brand. Its services include do-it-yourself truck and trailer rentals, towing equipment, self-storage, and moving supplies. The company also offers U-Box portable storage and moving containers. Founded in 1945 by Leonard Shoen, U-Haul serves customers across the United States and Canada through company-operated locations and independent dealers. Its operations also include related insurance and life-insurance businesses.
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