First Trust Advisors LP boosted its position in Amerco (NASDAQ:UHAL) by 2.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,894 shares of the transportation company’s stock after purchasing an additional 407 shares during the period. First Trust Advisors LP owned approximately 0.08% of Amerco worth $5,959,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Amerco by 1.6% in the second quarter. Vanguard Group Inc. now owns 476,587 shares of the transportation company’s stock worth $174,460,000 after purchasing an additional 7,690 shares during the period. Abrams Capital Management L.P. lifted its position in Amerco by 46.3% in the second quarter. Abrams Capital Management L.P. now owns 394,610 shares of the transportation company’s stock worth $144,451,000 after purchasing an additional 124,918 shares during the period. BlackRock Inc. lifted its position in Amerco by 4,120.4% in the first quarter. BlackRock Inc. now owns 297,493 shares of the transportation company’s stock worth $113,401,000 after purchasing an additional 290,444 shares during the period. Principal Financial Group Inc. lifted its position in Amerco by 32.7% in the second quarter. Principal Financial Group Inc. now owns 234,744 shares of the transportation company’s stock worth $85,930,000 after purchasing an additional 57,791 shares during the period. Finally, Newtyn Management LLC lifted its position in Amerco by 1.3% in the second quarter. Newtyn Management LLC now owns 157,000 shares of the transportation company’s stock worth $57,471,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 30.05% of the company’s stock.
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A number of equities research analysts have weighed in on the company. ValuEngine upgraded Amerco from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. BidaskClub upgraded Amerco from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st.
Shares of Amerco (NASDAQ UHAL) opened at $357.64 on Thursday. The firm has a market capitalization of $7,129.98, a P/E ratio of 21.88 and a beta of 1.15. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.60 and a quick ratio of 2.37. Amerco has a 52-week low of $337.19 and a 52-week high of $400.99.
Amerco (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, November 8th. The transportation company reported $6.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $7.18 by ($0.82). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $975.90 million. Amerco had a net margin of 9.30% and a return on equity of 11.28%. Amerco’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $9.01 EPS. equities analysts predict that Amerco will post 22.6 EPS for the current fiscal year.
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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