Victory Capital Management Inc. decreased its position in shares of AMERCO (NASDAQ:UHAL) by 15.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,771 shares of the transportation company’s stock after selling 688 shares during the quarter. Victory Capital Management Inc.’s holdings in AMERCO were worth $1,414,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Pictet Asset Management Ltd. raised its position in AMERCO by 9.5% in the third quarter. Pictet Asset Management Ltd. now owns 2,660 shares of the transportation company’s stock worth $997,000 after acquiring an additional 230 shares during the period. Heartland Advisors Inc. bought a new stake in shares of AMERCO during the 3rd quarter valued at $4,106,000. First Trust Advisors LP raised its position in shares of AMERCO by 2.6% during the 3rd quarter. First Trust Advisors LP now owns 15,894 shares of the transportation company’s stock valued at $5,959,000 after purchasing an additional 407 shares during the period. Reinhart Partners Inc. raised its position in shares of AMERCO by 20.2% during the 3rd quarter. Reinhart Partners Inc. now owns 61,495 shares of the transportation company’s stock valued at $23,054,000 after purchasing an additional 10,342 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of AMERCO by 130.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,766 shares of the transportation company’s stock valued at $662,000 after purchasing an additional 1,001 shares during the period. Hedge funds and other institutional investors own 30.70% of the company’s stock.
AMERCO (UHAL) traded up $3.50 during mid-day trading on Thursday, hitting $378.27. 41,022 shares of the company were exchanged, compared to its average volume of 79,421. AMERCO has a 52-week low of $338.30 and a 52-week high of $400.99. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.37 and a current ratio of 2.60. The stock has a market cap of $7,410.00, a PE ratio of 22.52 and a beta of 1.11.
AMERCO (NASDAQ:UHAL) last announced its quarterly earnings data on Wednesday, November 8th. The transportation company reported $6.36 earnings per share for the quarter, missing analysts’ consensus estimates of $7.18 by ($0.82). AMERCO had a net margin of 9.30% and a return on equity of 11.28%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $975.90 million. During the same quarter in the previous year, the business earned $9.01 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. equities research analysts predict that AMERCO will post 22.6 earnings per share for the current fiscal year.
A number of analysts have issued reports on the stock. ValuEngine upgraded shares of AMERCO from a “hold” rating to a “buy” rating in a report on Monday, September 11th. BidaskClub raised shares of AMERCO from a “strong sell” rating to a “sell” rating in a research note on Wednesday.
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AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites.
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