Carillon Tower Advisers Inc. bought a new stake in shares of AMERCO (NASDAQ:UHAL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 38,825 shares of the transportation company’s stock, valued at approximately $15,143,000. Carillon Tower Advisers Inc. owned approximately 0.20% of AMERCO as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Cascade Investment Advisors Inc. lifted its holdings in shares of AMERCO by 360.0% during the third quarter. Cascade Investment Advisors Inc. now owns 115 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 90 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of AMERCO during the second quarter valued at $65,000. Rockefeller Capital Management L.P. purchased a new stake in shares of AMERCO during the second quarter valued at $111,000. Bank of Montreal Can lifted its holdings in shares of AMERCO by 13.8% during the second quarter. Bank of Montreal Can now owns 511 shares of the transportation company’s stock valued at $195,000 after purchasing an additional 62 shares during the last quarter. Finally, ETF Managers Group LLC lifted its holdings in shares of AMERCO by 24.6% during the second quarter. ETF Managers Group LLC now owns 517 shares of the transportation company’s stock valued at $195,000 after purchasing an additional 102 shares during the last quarter. 37.26% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ UHAL traded down $2.10 during mid-day trading on Wednesday, hitting $352.84. 42,571 shares of the company traded hands, compared to its average volume of 48,359. AMERCO has a 1 year low of $319.51 and a 1 year high of $426.50. The business has a 50 day moving average of $386.28 and a two-hundred day moving average of $377.63. The company has a quick ratio of 1.72, a current ratio of 1.91 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 18.08 and a beta of 0.67.
AMERCO (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, November 6th. The transportation company reported $7.97 earnings per share for the quarter, missing the Zacks’ consensus estimate of $8.94 by ($0.97). AMERCO had a return on equity of 9.25% and a net margin of 9.50%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the business earned $8.35 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, research analysts anticipate that AMERCO will post 17.46 EPS for the current year.
Separately, BidaskClub downgraded AMERCO from a “hold” rating to a “sell” rating in a report on Monday, November 25th.
AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.
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