AMERCO (NASDAQ:UHAL – Get Rating) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 1,110,000 shares, a growth of 106.1% from the November 15th total of 538,600 shares. Approximately 14.3% of the company's shares are short sold. Based on an average trading volume of 277,000 shares, the days-to-cover ratio is currently 4.0 days.

AMERCO Stock Performance

Shares of AMERCO stock opened at $64.31 on Tuesday. The business has a 50-day moving average of $56.83 and a 200 day moving average of $53.17. AMERCO has a 12 month low of $44.79 and a 12 month high of $73.16. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 11.96 and a beta of 0.95. The company has a debt-to-equity ratio of 0.97, a current ratio of 5.20 and a quick ratio of 4.96.

AMERCO (NASDAQ:UHAL – Get Rating) last announced its earnings results on Wednesday, November 9th. The transportation company reported $1.80 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.26). AMERCO had a net margin of 17.86% and a return on equity of 17.08%. The firm had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.91 billion. As a group, sell-side analysts forecast that AMERCO will post 5.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Insiders Place Their Bets

In other AMERCO news, major shareholder Mark V. Shoen purchased 324,000 shares of the stock in a transaction dated Wednesday, November 16th. The stock was acquired at an average cost of $53.67 per share, for a total transaction of $17,389,080.00. Following the acquisition, the insider now owns 324,000 shares in the company, valued at approximately $17,389,080. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other AMERCO news, major shareholder Mark V. Shoen purchased 4,150 shares of the stock in a transaction dated Friday, November 18th. The stock was acquired at an average cost of $55.82 per share, for a total transaction of $231,653.00. Following the acquisition, the insider now owns 603,150 shares in the company, valued at approximately $33,667,833. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Mark V. Shoen purchased 324,000 shares of the stock in a transaction dated Wednesday, November 16th. The shares were acquired at an average price of $53.67 per share, with a total value of $17,389,080.00. Following the completion of the acquisition, the insider now owns 324,000 shares in the company, valued at approximately $17,389,080. The disclosure for this purchase can be found here. Insiders purchased 1,324,948 shares of company stock valued at $76,866,691 in the last three months. 42.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AMERCO

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of AMERCO by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 838,723 shares of the transportation company's stock valued at $427,094,000 after buying an additional 9,079 shares during the period. Yacktman Asset Management LP boosted its stake in shares of AMERCO by 3.1% in the 2nd quarter. Yacktman Asset Management LP now owns 733,498 shares of the transportation company's stock valued at $350,781,000 after buying an additional 21,819 shares during the period. BlackRock Inc. boosted its stake in shares of AMERCO by 1.1% in the 3rd quarter. BlackRock Inc. now owns 707,852 shares of the transportation company's stock valued at $360,453,000 after buying an additional 7,958 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of AMERCO by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 493,025 shares of the transportation company's stock valued at $251,060,000 after buying an additional 8,053 shares during the period. Finally, Harspring Capital Management LLC boosted its stake in shares of AMERCO by 8.9% in the 3rd quarter. Harspring Capital Management LLC now owns 86,000 shares of the transportation company's stock valued at $43,793,000 after buying an additional 7,000 shares during the period.

AMERCO Company Profile

(Get Rating)

AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.

Featured Articles

• Get a free copy of the StockNews.com research report on AMERCO (UHAL)
• Why the Cracker Barrel Selloff Looks Overcooked
• Coinbase Global Stock is a Falling Meat Cleaver
• It's Still Too Soon to Shop for Kohl's Stock
• Three Small-Cap Biotech Stocks to Consider Now
• What To Expect From The Q4 Earnings Reporting Season

Receive News & Ratings for AMERCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMERCO and related companies with MarketBeat.com's FREE daily email newsletter.