Shares of AMERCO (NASDAQ:UHAL – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $54.03 and traded as high as $59.96. AMERCO shares last traded at $59.85, with a volume of 255,411 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of AMERCO from a "hold" rating to a "buy" rating in a report on Tuesday, November 22nd.
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AMERCO Stock Performance
The stock has a market capitalization of $11.74 billion, a P/E ratio of 11.13 and a beta of 0.95. The company has a debt-to-equity ratio of 0.97, a quick ratio of 4.96 and a current ratio of 5.20. The company's fifty day simple moving average is $58.36 and its two-hundred day simple moving average is $54.03.
AMERCO (NASDAQ:UHAL – Get Rating) last released its quarterly earnings results on Wednesday, November 9th. The transportation company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.26). The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.91 billion. AMERCO had a net
margin of 17.86% and a return on equity of 17.08%. As a group, equities analysts forecast that AMERCO will post 5.61 EPS for the current year.
Insider Buying and Selling at AMERCO
In related news, President Edward J. Shoen purchased 115,000 shares of the stock in a transaction on Thursday, December 8th. The shares were purchased at an average cost of $65.68 per share, with a total value of $7,553,200.00. Following the acquisition, the president now directly owns 1,324,000 shares in the company, valued at $86,960,320. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other AMERCO news, President Edward J. Shoen bought 115,000 shares of the stock in a transaction dated Thursday, December 8th. The shares were bought at an average cost of $65.68 per share, with a total value of $7,553,200.00. Following the completion of the acquisition, the president now owns 1,324,000 shares of the company's stock, valued at $86,960,320. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James J. Grogan bought 548 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were acquired at an average cost of $58.50 per share, for a total transaction of $32,058.00. Following the completion of the acquisition, the insider now directly owns 1,448 shares of the company's stock, valued at approximately $84,708. The disclosure for this purchase can be found here. Insiders have purchased a total of 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 company insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Yacktman Asset Management LP boosted its position in shares of AMERCO by 3.1% during the 2nd quarter. Yacktman Asset Management LP now owns 733,498 shares of the transportation company's stock worth $350,781,000 after acquiring an additional 21,819 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of AMERCO by 4.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 32,228 shares of the transportation company's stock worth $15,412,000 after acquiring an additional 1,320 shares in the last quarter. Diversified Investment Strategies LLC boosted its position in shares of AMERCO by 18.5% during the 2nd quarter. Diversified Investment Strategies LLC now owns 4,386 shares of the transportation company's stock worth $2,098,000 after acquiring an additional 685 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of AMERCO by 2.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,098 shares of the transportation company's stock worth $978,000 after acquiring an additional 57 shares in the last quarter. Finally, Skylands Capital LLC boosted its position in shares of AMERCO by 52.8% during the 2nd quarter. Skylands Capital LLC now owns 7,175 shares of the transportation company's stock worth $3,431,000 after acquiring an additional 2,480 shares in the last quarter. 8.56% of the stock is owned by institutional investors.
About AMERCO
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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.
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