Amerco (UHAL) Sees Strong Trading Volume
Shares of Amerco (NASDAQ:UHAL) saw an uptick in trading volume on Thursday . 82,421 shares were traded during trading, an increase of 46% from the previous session’s volume of 56,390 shares.The stock last traded at $350.80 and had previously closed at $349.04.
Separately, CL King cut Amerco from a “strong-buy” rating to a “buy” rating and dropped their target price for the stock from $449.00 to $405.00 in a report on Friday, August 5th.
The stock has a market cap of $6.82 billion and a PE ratio of 14.67. The company has a 50 day moving average of $377.43 and a 200 day moving average of $359.25.
Amerco (NASDAQ:UHAL) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $7.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.72 by $1.21. During the same quarter last year, the firm posted $8.74 EPS. The firm had revenue of $923.40 million for the quarter, compared to the consensus estimate of $941.32 million. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts expect that Amerco will post $23.64 EPS for the current year.
In related news, major shareholder James P. Shoen sold 20,000 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel Robert Mullen sold 2,000 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $367.00, for a total transaction of $734,000.00. The disclosure for this sale can be found here.
A number of hedge funds have bought and sold shares of UHAL. Morgan Stanley boosted its stake in Amerco by 51.2% in the fourth quarter. Morgan Stanley now owns 44,856 shares of the company’s stock worth $17,471,000 after buying an additional 15,180 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. acquired a new stake in Amerco during the fourth quarter worth $3,624,000. Nicholas Co. Inc. WI boosted its stake in Amerco by 2.1% in the fourth quarter. Nicholas Co. Inc. WI now owns 320,376 shares of the company’s stock worth $124,786,000 after buying an additional 6,489 shares during the last quarter. Andra AP fonden acquired a new stake in Amerco during the fourth quarter worth $2,064,000. Finally, New York State Common Retirement Fund boosted its stake in Amerco by 17.1% in the fourth quarter. New York State Common Retirement Fund now owns 29,500 shares of the company’s stock worth $11,490,000 after buying an additional 4,313 shares during the last quarter.
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.
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