Lord Abbett & CO. LLC Raises Stock Position in U-Haul Holding (NASDAQ:UHAL)

Lord Abbett & CO. LLC grew its holdings in U-Haul Holding (NASDAQ:UHAL - Free Report) by 33.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the transportation company's stock after acquiring an additional 75,964 shares during the period. Lord Abbett & CO. LLC owned about 0.15% of U-Haul worth $20,727,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Aster Capital Management DIFC Ltd lifted its holdings in U-Haul by 5.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,990 shares of the transportation company's stock worth $207,000 after purchasing an additional 142 shares in the last quarter. Optas LLC purchased a new position in shares of U-Haul in the fourth quarter worth $219,000. Versor Investments LP purchased a new position in U-Haul during the fourth quarter valued at $221,000. Legacy Capital Group California Inc. grew its stake in U-Haul by 7.5% during the fourth quarter. Legacy Capital Group California Inc. now owns 3,383 shares of the transportation company's stock valued at $234,000 after acquiring an additional 237 shares in the last quarter. Finally, Farringdon Capital Ltd. bought a new stake in U-Haul in the 4th quarter valued at $333,000. Institutional investors own 3.63% of the company's stock.

Insiders Place Their Bets

In other news, Director John P. Brogan sold 3,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $67.04, for a total value of $201,120.00. Following the sale, the director now directly owns 40,987 shares in the company, valued at $2,747,768.48. The trade was a 6.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Mark V. Shoen sold 12,500 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $65.86, for a total transaction of $823,250.00. Following the sale, the insider now owns 667,500 shares in the company, valued at $43,961,550. This represents a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock valued at $1,837,245 in the last quarter. 50.10% of the stock is currently owned by insiders.

U-Haul Stock Down 0.9 %

UHAL opened at $60.87 on Friday. U-Haul Holding has a 52 week low of $56.28 and a 52 week high of $79.04. The company has a quick ratio of 1.83, a current ratio of 2.03 and a debt-to-equity ratio of 0.89. The firm has a 50-day simple moving average of $64.74 and a two-hundred day simple moving average of $69.26. The company has a market capitalization of $11.93 billion, a PE ratio of 28.18 and a beta of 1.10.

U-Haul Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.33%.

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.

Want to see what other hedge funds are holding UHAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U-Haul Holding (NASDAQ:UHAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.