abrdn plc Raises Stock Position in AMERCO (NASDAQ:UHAL)

abrdn plc increased its holdings in shares of AMERCO (NASDAQ:UHAL – Get Rating) by 94.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,637 shares of the transportation company’s stock after purchasing an additional 796 shares during the period. abrdn plc’s holdings in AMERCO were worth $978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UHAL. Yacktman Asset Management LP increased its holdings in AMERCO by 58.6% in the first quarter. Yacktman Asset Management LP now owns 711,679 shares of the transportation company’s stock valued at $424,830,000 after buying an additional 262,822 shares in the last quarter. Reinhart Partners Inc. increased its holdings in AMERCO by 43.1% in the first quarter. Reinhart Partners Inc. now owns 132,849 shares of the transportation company’s stock valued at $68,383,000 after buying an additional 40,019 shares in the last quarter. Smead Capital Management Inc. increased its holdings in AMERCO by 23.7% in the fourth quarter. Smead Capital Management Inc. now owns 146,522 shares of the transportation company’s stock valued at $106,409,000 after buying an additional 28,046 shares in the last quarter. Renaissance Technologies LLC increased its holdings in AMERCO by 123.5% in the fourth quarter. Renaissance Technologies LLC now owns 38,146 shares of the transportation company’s stock valued at $27,703,000 after buying an additional 21,080 shares in the last quarter. Finally, State Street Corp increased its holdings in AMERCO by 6.5% in the fourth quarter. State Street Corp now owns 290,272 shares of the transportation company’s stock valued at $210,804,000 after buying an additional 17,746 shares in the last quarter.

AMERCO Stock Performance

Shares of NASDAQ UHAL opened at $519.20 on Wednesday. AMERCO has a 52-week low of $447.92 and a 52-week high of $769.90. The company’s 50-day simple moving average is $485.79 and its 200-day simple moving average is $545.08. The company has a current ratio of 4.91, a quick ratio of 4.68 and a debt-to-equity ratio of 1.00.

AMERCO (NASDAQ:UHAL – Get Rating) last posted its quarterly earnings results on Wednesday, May 25th. The transportation company reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $7.38 by ($2.96). The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.24 billion. AMERCO had a return on equity of 19.56% and a net margin of 19.57%. During the same quarter in the previous year, the firm posted $3.76 earnings per share. Sell-side analysts predict that AMERCO will post 58.27 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of AMERCO from a “buy” rating to a “hold” rating in a report on Monday.

AMERCO Company Profile

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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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