Insider Buying: AMERCO (NASDAQ:UHAL) Major Shareholder Acquires 324,000 Shares of Stock

AMERCO (NASDAQ:UHALGet Rating) major shareholder Mark V. Shoen purchased 324,000 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were bought at an average price of $53.67 per share, with a total value of $17,389,080.00. Following the purchase, the insider now owns 324,000 shares in the company, valued at approximately $17,389,080. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

AMERCO Price Performance

Shares of NASDAQ:UHAL opened at $57.30 on Friday. The business has a 50 day moving average price of $53.48 and a 200 day moving average price of $52.00. AMERCO has a twelve month low of $44.79 and a twelve month high of $75.30. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 10.66 and a beta of 0.93. The company has a quick ratio of 4.96, a current ratio of 5.20 and a debt-to-equity ratio of 0.97.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded AMERCO from a “hold” rating to a “buy” rating in a research note on Friday, November 11th.

Institutional Trading of AMERCO

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in AMERCO by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 838,723 shares of the transportation company’s stock valued at $427,094,000 after acquiring an additional 9,079 shares in the last quarter. Yacktman Asset Management LP raised its holdings in AMERCO by 3.1% in the 2nd quarter. Yacktman Asset Management LP now owns 733,498 shares of the transportation company’s stock valued at $350,781,000 after acquiring an additional 21,819 shares in the last quarter. BlackRock Inc. raised its holdings in AMERCO by 1.1% in the 3rd quarter. BlackRock Inc. now owns 707,852 shares of the transportation company’s stock valued at $360,453,000 after acquiring an additional 7,958 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in AMERCO by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 493,025 shares of the transportation company’s stock valued at $251,060,000 after acquiring an additional 8,053 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in AMERCO by 3.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 75,193 shares of the transportation company’s stock valued at $44,886,000 after acquiring an additional 2,498 shares in the last quarter.

About AMERCO

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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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