Alliancebernstein L.P. decreased its position in shares of Amerco (NASDAQ:UHAL) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,047 shares of the transportation company’s stock after selling 258 shares during the period. Alliancebernstein L.P.’s holdings in Amerco were worth $1,848,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of UHAL. Watermark Asset Management Inc. acquired a new position in Amerco during the 1st quarter worth about $124,000. UBS Group AG lifted its stake in Amerco by 98.4% during the 1st quarter. UBS Group AG now owns 508 shares of the transportation company’s stock worth $194,000 after acquiring an additional 252 shares in the last quarter. Comerica Bank acquired a new position in Amerco during the 1st quarter worth about $201,000. Blair William & Co. IL acquired a new position in Amerco during the 2nd quarter worth about $201,000. Finally, TD Asset Management Inc. acquired a new position in Amerco during the 2nd quarter worth about $214,000. 30.03% of the stock is currently owned by hedge funds and other institutional investors.
Amerco (NASDAQ:UHAL) opened at 369.42 on Thursday. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 19.17 and a beta of 1.08. The company’s 50-day moving average price is $374.02 and its 200 day moving average price is $367.96. Amerco has a 1-year low of $307.80 and a 1-year high of $398.94.
Amerco (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $6.46 by ($0.02). Amerco had a net margin of 10.92% and a return on equity of 12.85%. The firm had revenue of $957.93 million for the quarter, compared to analysts’ expectations of $943.57 million. During the same period last year, the firm posted $7.51 EPS. Amerco’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that Amerco will post $20.36 earnings per share for the current fiscal year.
UHAL has been the topic of several research reports. BidaskClub raised Amerco from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. ValuEngine lowered Amerco from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.
Amerco Company Profile
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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