Pictet Asset Management Ltd. increased its stake in Amerco (NASDAQ:UHAL) by 9.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,660 shares of the transportation company’s stock after purchasing an additional 230 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Amerco were worth $997,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of UHAL. Riverhead Capital Management LLC boosted its holdings in Amerco by 63.2% in the second quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation company’s stock worth $114,000 after purchasing an additional 120 shares during the last quarter. Citigroup Inc. bought a new position in Amerco in the second quarter worth approximately $145,000. UBS Group AG raised its position in Amerco by 98.4% in the first quarter. UBS Group AG now owns 508 shares of the transportation company’s stock worth $194,000 after acquiring an additional 252 shares during the period. Blair William & Co. IL bought a new position in Amerco in the second quarter worth approximately $201,000. Finally, TD Asset Management Inc. bought a new position in Amerco in the second quarter worth approximately $214,000. Institutional investors own 30.05% of the company’s stock.
Several research analysts have weighed in on the stock. ValuEngine downgraded shares of Amerco from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub upgraded shares of Amerco from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st.
Amerco (UHAL) opened at $363.63 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.60 and a quick ratio of 2.37. Amerco has a 52-week low of $331.02 and a 52-week high of $400.99. The firm has a market cap of $7,165.27, a P/E ratio of 21.99 and a beta of 1.15.
Amerco (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, November 8th. The transportation company reported $6.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $7.18 by ($0.82). Amerco had a return on equity of 11.28% and a net margin of 9.30%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $975.90 million. During the same quarter in the previous year, the business posted $9.01 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. sell-side analysts predict that Amerco will post 17.42 EPS for the current fiscal year.
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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