Systematic Financial Management LP boosted its position in shares of Amerco (NASDAQ:UHAL) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,965 shares of the transportation company’s stock after purchasing an additional 1,121 shares during the period. Systematic Financial Management LP owned about 0.16% of Amerco worth $11,609,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new position in Amerco during the 3rd quarter valued at about $1,369,000. Ameriprise Financial Inc. lifted its holdings in Amerco by 11.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,957 shares of the transportation company’s stock valued at $1,484,000 after purchasing an additional 404 shares during the last quarter. Quantbot Technologies LP lifted its holdings in Amerco by 523.3% during the 3rd quarter. Quantbot Technologies LP now owns 642 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 539 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Amerco by 4.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 21,186 shares of the transportation company’s stock valued at $7,942,000 after purchasing an additional 919 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Amerco by 241.2% during the 3rd quarter. Toronto Dominion Bank now owns 290 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 205 shares during the last quarter. 29.88% of the stock is owned by hedge funds and other institutional investors.
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Shares of Amerco (NASDAQ UHAL) traded down $3.54 during mid-day trading on Thursday, reaching $354.87. 65,700 shares of the company traded hands, compared to its average volume of 78,731. Amerco has a 12-month low of $338.30 and a 12-month high of $400.99. The company has a market cap of $7,027.63, a P/E ratio of 21.57 and a beta of 1.15. The company has a quick ratio of 2.37, a current ratio of 2.60 and a debt-to-equity ratio of 1.12.
Amerco (NASDAQ:UHAL) last announced its earnings results on Wednesday, November 8th. The transportation company reported $6.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $7.18 by ($0.82). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $975.90 million. Amerco had a return on equity of 11.28% and a net margin of 9.30%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $9.01 earnings per share. equities research analysts predict that Amerco will post 22.6 earnings per share for the current year.
Several equities analysts recently issued reports on UHAL shares. ValuEngine raised shares of Amerco from a “hold” rating to a “buy” rating in a report on Monday, September 11th. BidaskClub raised shares of Amerco from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st.
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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