Amerco (UHAL) Shares Gap Up to $379.11
Amerco (NASDAQ:UHAL) gapped up prior to trading on Friday . The stock had previously closed at $378.51, but opened at $379.11. Amerco shares last traded at $388.36, with a volume of 17,976 shares.
The firm has a 50 day moving average of $371.79 and a 200 day moving average of $357.45. The firm has a market cap of $7.56 billion and a PE ratio of 15.46.
Amerco (NASDAQ:UHAL) last posted its earnings results on Wednesday, May 25th. The company reported $2.68 EPS for the quarter, missing the Zacks’ consensus estimate of $3.14 by $0.46. The firm earned $683.19 million during the quarter, compared to analysts’ expectations of $659 million. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.43 EPS. Analysts anticipate that Amerco will post $26.40 EPS for the current year.
In other news, major shareholder James P. Shoen sold 30,000 shares of the firm’s stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $375.28, for a total transaction of $11,258,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder James P. Shoen sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $374.78, for a total value of $7,495,600.00. The disclosure for this sale can be found here.
A number of large investors have recently bought and sold shares of UHAL. Gulf International Bank UK Ltd purchased a new stake in Amerco during the fourth quarter valued at about $1,005,000. Stevens Capital Management LP boosted its stake in Amerco by 135.0% in the fourth quarter. Stevens Capital Management LP now owns 3,522 shares of the company’s stock valued at $1,372,000 after buying an additional 2,023 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in Amerco by 7.5% in the fourth quarter. Chicago Equity Partners LLC now owns 3,580 shares of the company’s stock valued at $1,394,000 after buying an additional 250 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Amerco by 25.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 4,025 shares of the company’s stock valued at $1,568,000 after buying an additional 810 shares during the last quarter. Finally, Andra AP fonden purchased a new stake in Amerco during the fourth quarter valued at about $2,064,000.
AMERCO is a do-it-yourself moving and storage operator through its subsidiary U-Haul International, Inc (U-Haul). The Company supplies products and services to help people move and store their household and commercial goods. It operates through three segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.