Amerco (NASDAQ:UHAL) posted its earnings results on Wednesday, May 24th. The transportation company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.00 by $1.51, Briefing.com reports. The company had revenue of $708.80 million for the quarter, compared to analysts’ expectations of $702.54 million. Amerco had a net margin of 11.64% and a return on equity of 14.02%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.68 EPS.
Amerco (UHAL) traded up 1.02% on Friday, reaching $350.95. The company’s stock had a trading volume of 72,344 shares. The stock has a 50-day moving average of $364.88 and a 200-day moving average of $369.80. Amerco has a one year low of $307.80 and a one year high of $399.16. The stock has a market cap of $6.88 billion, a P/E ratio of 17.25 and a beta of 1.10.
In related news, major shareholder Grove Holdings Lp Willow purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average price of $352.87 per share, with a total value of $705,740.00. Following the completion of the acquisition, the insider now owns 7,562,884 shares in the company, valued at $2,668,714,877.08. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 52.00% of the stock is currently owned by company insiders.
A hedge fund recently raised its stake in Amerco stock. Teachers Advisors LLC raised its stake in Amerco (NASDAQ:UHAL) by 10.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,393 shares of the transportation company’s stock after buying an additional 589 shares during the period. Teachers Advisors LLC’s holdings in Amerco were worth $2,437,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 29.24% of the company’s stock.
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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