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 on Friday, October 30th. The shares were sold at an average price of $50.11, for a total transaction of $1,152,530.00. Following the completion of the sale, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
U-Haul Stock Performance
NYSE UHAL opened at $58.66 on Friday. The company has a fifty day moving average of $60.76 and a two-hundred day moving average of $58.53. The company has a market capitalization of $11.40 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 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 (NYSE:UHAL – Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.18). U-Haul had a return on equity of 1.21% and a net margin of 1.54%. The firm had revenue of $1.77 billion for the quarter. As a group, analysts expect that U-Haul Holding Company will post 1.09 earnings per share for the current year.
Key Headlines Impacting U-Haul
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
Wall Street Analyst Weigh In
UHAL has been the topic of several research analyst reports. 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 research note on Saturday, August 8th. Citigroup began coverage on U-Haul in a report on Wednesday, July 15th. They issued an “outperform” rating for the company. Finally, Citizens Jmp began coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $90.00.
Get Our Latest Stock Report on U-Haul
Institutional Investors Weigh In On U-Haul
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP boosted its stake in shares of U-Haul by 28.9% during the second quarter. Engineers Gate Manager LP now owns 11,072 shares of the company’s stock worth $725,000 after buying an additional 2,482 shares during the period. Inceptionr LLC acquired a new position in U-Haul in the 1st quarter valued at about $709,000. Maverick Capital Ltd. acquired a new position in U-Haul in the 1st quarter valued at about $651,000. GSA Capital Partners LLP acquired a new position in U-Haul in the 2nd quarter valued at about $534,000. Finally, Caxton Associates LLP purchased a new stake in U-Haul during the 1st quarter valued at approximately $496,000. 3.63% of the stock is owned by hedge funds and other institutional investors.
U-Haul Company Profile
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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