AMERCO (NASDAQ:UHAL) posted its quarterly earnings results on Wednesday. The transportation company reported $8.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.49 by $1.86, Briefing.com reports. AMERCO had a return on equity of 8.95% and a net margin of 21.63%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business earned $6.36 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis.

Shares of UHAL traded up $4.97 during midday trading on Thursday, reaching $340.96. 76,504 shares of the stock were exchanged, compared to its average volume of 63,734. AMERCO has a 12-month low of $316.00 and a 12-month high of $386.64. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.19 and a quick ratio of 2.01. The company has a market capitalization of $6.49 billion, a PE ratio of 21.72 and a beta of 0.90.

In related news, General Counsel Respino Laurence J. De sold 75 shares of the firm’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $369.92, for a total value of $27,744.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas W. Hayes acquired 200 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was bought at an average cost of $380.05 per share, for a total transaction of $76,010.00. Following the completion of the purchase, the insider now directly owns 200 shares in the company, valued at approximately $76,010. The disclosure for this purchase can be found here. 42.60% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of UHAL. UBS Group AG raised its stake in shares of AMERCO by 126.8% in the 1st quarter. UBS Group AG now owns 3,706 shares of the transportation company’s stock valued at $1,279,000 after acquiring an additional 2,072 shares in the last quarter. Legal & General Group Plc raised its stake in shares of AMERCO by 6.8% in the 1st quarter. Legal & General Group Plc now owns 9,479 shares of the transportation company’s stock valued at $3,272,000 after acquiring an additional 601 shares in the last quarter. Royal Bank of Canada raised its stake in shares of AMERCO by 9.1% in the 1st quarter. Royal Bank of Canada now owns 17,326 shares of the transportation company’s stock valued at $5,979,000 after acquiring an additional 1,452 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of AMERCO by 13.4% in the 1st quarter. Principal Financial Group Inc. now owns 307,703 shares of the transportation company’s stock valued at $106,188,000 after acquiring an additional 36,348 shares in the last quarter. Finally, Brown Advisory Inc. bought a new position in shares of AMERCO in the 1st quarter valued at approximately $290,000. 36.61% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on UHAL shares. BidaskClub downgraded AMERCO from a “hold” rating to a “sell” rating in a research note on Saturday, September 8th. ValuEngine downgraded AMERCO from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, TheStreet raised AMERCO from a “c+” rating to a “b-” rating in a research note on Wednesday, July 25th.

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AMERCO Company Profile

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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Earnings History for AMERCO (NASDAQ:UHAL)

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