The price of AMERCO (NYSE:UHAL) shares last traded on Wall Street fell -0.48% to $60.19.
UHAL stock price is now 3.08% away from the 50-day moving average and 10.90% away from the 200-day moving average. The market capitalization of the company currently stands at $10.92B.
, while the CL King previously rated the stock as ‘Buy’ on August 05, 2016.
In other news, Willow Grove Holdings LP, 10% Owner bought 115,000 shares of the company’s stock on Dec 08. The stock was bought for $7,553,205 at an average price of $65.68. Upon completion of the transaction, the 10% Owner now directly owns 1,324,000 shares in the company, valued at $79.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 08, President SHOEN EDWARD J bought 115,000 shares of the business’s stock. A total of $7,553,205 was incurred on buying the stock at an average price of $65.68. This leaves the insider owning 1,324,000 shares of the company worth $79.69 million. A total of 38.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UHAL stock. A new stake in AMERCO shares was purchased by ANCIENT ART, L.P. during the first quarter worth $1,965,000. DIGITALBRIDGE GROUP, INC. invested $1,736,000 in shares of UHAL during the first quarter. In the first quarter, MAGNOLIA GROUP, LLC acquired a new stake in AMERCO valued at approximately $925,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in UHAL for approximately $423,000. WALLEYE CAPITAL LLC purchased a new stake in UHAL valued at around $304,000 in the second quarter. In total, there are 474 active investors with 37.20% ownership of the company’s stock.
A candlestick chart of AMERCO (NYSE: UHAL) showed a price of $60.00 on Friday morning. During the past 12 months, AMERCO has had a low of $44.75 and a high of $73.02. The fifty day moving average price for UHAL is $58.52 and a two-hundred day moving average price translates $54.30 for the stock.
The latest earnings results from AMERCO (NYSE: UHAL) was released for Jun, 2022. According to the Rental & Leasing Services Company, earnings per share came in at $17.03, missing analysts’ expectations of $17.8 by -0.77. This compares to $2.09 EPS in the same period last year. The net profit margin was 17.90% and return on equity was 17.10% for UHAL. The company reported revenue of $1.7 billion for the quarter, compared to $1.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.32 percent. For the current quarter, analysts expect UHAL to generate $1.91B in revenue.
AMERCO(UHAL) 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. It also provides uhaul.com, an online marketplace that connects consumers to independent Moving Help service providers and independent self-storage affiliates; auto transport and tow dolly options to transport vehicles; and specialty boxes for dishes, computers, flat screen television, and sensitive electronic equipment, as well as tapes, security locks, and packing supplies. This segment rents its products and services through a network of approximately 2,100 company operated retail moving stores and 21,100 independent U-Haul dealers. As of March 31, 2022, it had a rental fleet of approximately 186,000 trucks, 128,000 trailers, and 46,000 towing devices; and 1,844 self-storage locations with approximately 876,000 rentable storage units. The company’s Property and Casualty Insurance segment offers loss adjusting and claims handling services. It also provides moving and storage protection packages, such as Safemove and Safetow packages, which offer moving and towing customers with a damage waiver, cargo protection, and medical and life insurance coverage; Safestor that protects storage customers from loss on their goods in storage; Safestor Mobile, which protects customers stored belongings; and Safemove Plus, which provides rental customers with a layer of primary liability protection. The company’s Life Insurance segment provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life insurance, medicare supplement, and annuity policies. AMERCO was founded in 1945 and is based in Reno, Nevada.