U-Haul Holding (NASDAQ:UHAL) Shares Sold by Investors Research Corp

Investors Research Corp trimmed its stake in shares of U-Haul Holding (NASDAQ:UHAL) by 50.0% during the fourth quarter, Holdings Channel reports. The firm owned 500 shares of the transportation company’s stock after selling 500 shares during the period. Investors Research Corp’s holdings in U-Haul were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in UHAL. Lord Abbett & CO. LLC acquired a new stake in shares of U-Haul during the 3rd quarter worth approximately $17,358,000. Old West Investment Management LLC grew its holdings in U-Haul by 11.7% in the 3rd quarter. Old West Investment Management LLC now owns 125,947 shares of the transportation company’s stock worth $9,758,000 after buying an additional 13,143 shares in the last quarter. Asset Planning Inc bought a new position in U-Haul in the 4th quarter worth approximately $491,000. Verition Fund Management LLC grew its holdings in U-Haul by 93.6% in the 3rd quarter. Verition Fund Management LLC now owns 8,371 shares of the transportation company’s stock worth $649,000 after buying an additional 4,047 shares in the last quarter. Finally, Atom Investors LP bought a new position in U-Haul in the 3rd quarter worth approximately $301,000. 3.63% of the stock is currently owned by institutional investors and hedge funds.

U-Haul Stock Performance

Shares of UHAL stock opened at $69.01 on Tuesday. U-Haul Holding has a 12-month low of $59.70 and a 12-month high of $79.04. The firm has a market capitalization of $13.53 billion, a price-to-earnings ratio of 31.95 and a beta of 1.07. The business has a 50 day simple moving average of $70.98 and a 200 day simple moving average of $71.97. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.03 and a quick ratio of 1.83.

U-Haul Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.29%.

Insider Buying and Selling

In other U-Haul news, major shareholder Mark V. Shoen sold 12,500 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $65.03, for a total transaction of $812,875.00. Following the completion of the transaction, the insider now directly owns 654,711 shares of the company’s stock, valued at approximately $42,575,856.33. This trade represents a 1.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John P. Brogan sold 3,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $67.04, for a total value of $201,120.00. Following the transaction, the director now directly owns 40,987 shares of the company’s stock, valued at approximately $2,747,768.48. The trade was a 6.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,000 shares of company stock valued at $1,837,245 in the last three months. 50.10% of the stock is currently owned by corporate insiders.

U-Haul Profile

U-Haul Holding Co engages in the insurance and moving and storage businesses. It operates through the following business segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment includes the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces.