Other hedge funds have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. purchased a new position in Amerco during the fourth quarter worth about $148,000. Pennsylvania Trust Co purchased a new position in Amerco during the first quarter worth about $200,000. Comerica Bank purchased a new position in Amerco during the first quarter worth about $201,000. Rehmann Capital Advisory Group purchased a new position in Amerco during the first quarter worth about $215,000. Finally, Janney Capital Management LLC acquired a new position in Amerco during the first quarter worth approximately $224,000. Institutional investors and hedge funds own 29.20% of the company’s stock.
Ameriprise Financial Inc. boosted its position in shares of Amerco (NASDAQ:UHAL) by 49.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,553 shares of the transportation company’s stock after buying an additional 1,170 shares during the period. Ameriprise Financial Inc.’s holdings in Amerco were worth $1,354,000 as of its most recent filing with the SEC.
Shares of Amerco (NASDAQ UHAL) traded down 0.46% during trading on Wednesday, hitting $394.46. 63,854 shares of the stock were exchanged. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 19.39 and a beta of 1.10. Amerco has a 52 week low of $307.80 and a 52 week high of $398.94. The stock’s 50 day moving average price is $361.45 and its 200 day moving average price is $369.20.
Amerco (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, May 24th. The transportation company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by $1.51. The firm had revenue of $708.80 million for the quarter, compared to analysts’ expectations of $702.54 million. Amerco had a net margin of 11.64% and a return on equity of 14.02%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.68 earnings per share. On average, equities analysts predict that Amerco will post $22.00 earnings per share for the current year.
The business also recently disclosed a special dividend, which will be paid on Thursday, August 3rd. Investors of record on Thursday, July 20th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, July 18th.
Separately, BidaskClub upgraded shares of Amerco from a “buy” rating to a “strong-buy” rating in a research report on Monday.
In other Amerco news, major shareholder Grove Holdings Lp Willow purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average price of $352.87 per share, for a total transaction of $705,740.00. Following the acquisition, the insider now owns 7,562,884 shares in the company, valued at $2,668,714,877.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.60% of the company’s stock.
AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites.