Oppenheimer Asset Management Inc. decreased its position in Amerco (NASDAQ:UHAL) by 1.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,517 shares of the transportation company’s stock after selling 41 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Amerco were worth $1,287,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Investment House LLC grew its holdings in shares of Amerco by 6.7% in the first quarter. Investment House LLC now owns 795 shares of the transportation company’s stock worth $303,000 after purchasing an additional 50 shares during the last quarter. US Bancorp DE grew its holdings in shares of Amerco by 4.4% in the second quarter. US Bancorp DE now owns 1,176 shares of the transportation company’s stock worth $431,000 after purchasing an additional 50 shares during the last quarter. Janney Capital Management LLC grew its holdings in shares of Amerco by 8.7% in the second quarter. Janney Capital Management LLC now owns 640 shares of the transportation company’s stock worth $234,000 after purchasing an additional 51 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Amerco by 3.7% in the first quarter. SG Americas Securities LLC now owns 1,532 shares of the transportation company’s stock worth $584,000 after purchasing an additional 55 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of Amerco by 0.5% in the first quarter. Jupiter Asset Management Ltd. now owns 13,646 shares of the transportation company’s stock worth $5,202,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 30.03% of the company’s stock.
Amerco (NASDAQ UHAL) opened at 383.42 on Friday. The stock has a 50 day moving average of $376.08 and a 200 day moving average of $369.06. Amerco has a one year low of $307.80 and a one year high of $398.94. The company has a market cap of $7.52 billion, a PE ratio of 19.90 and a beta of 1.12.
Amerco (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $957.93 million for the quarter, compared to analysts’ expectations of $943.57 million. During the same quarter in the previous year, the company posted $7.51 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts anticipate that Amerco will post $20.36 earnings per share for the current fiscal year.
Separately, BidaskClub upgraded shares of Amerco from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th.
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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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