Abrams Capital Management L.P. increased its holdings in AMERCO (NASDAQ:UHAL) by 24.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 492,044 shares of the transportation company’s stock after acquiring an additional 97,434 shares during the period. AMERCO makes up about 5.3% of Abrams Capital Management L.P.’s holdings, making the stock its 10th largest holding. Abrams Capital Management L.P. owned approximately 2.51% of AMERCO worth $169,804,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of UHAL. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of AMERCO in the fourth quarter valued at $155,630,000. Schwartz Investment Counsel Inc. raised its stake in AMERCO by 1,117.1% in the first quarter. Schwartz Investment Counsel Inc. now owns 206,900 shares of the transportation company’s stock valued at $15,734,000 after buying an additional 189,900 shares in the last quarter. Gruss Capital Management LP raised its stake in AMERCO by 71.7% in the fourth quarter. Gruss Capital Management LP now owns 103,000 shares of the transportation company’s stock valued at $38,925,000 after buying an additional 43,000 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in AMERCO by 44.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 124,014 shares of the transportation company’s stock valued at $46,866,000 after buying an additional 38,309 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in AMERCO by 12.0% in the first quarter. Artisan Partners Limited Partnership now owns 354,698 shares of the transportation company’s stock valued at $122,406,000 after buying an additional 37,960 shares in the last quarter. Institutional investors own 37.52% of the company’s stock.
Several equities analysts have issued reports on the company. BidaskClub raised AMERCO from a “sell” rating to a “hold” rating in a report on Tuesday, April 3rd. ValuEngine lowered AMERCO from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, CL King started coverage on AMERCO in a report on Thursday, April 5th. They issued a “neutral” rating on the stock.
AMERCO (NASDAQ:UHAL) last issued its quarterly earnings data on Wednesday, May 30th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.29). AMERCO had a return on equity of 9.40% and a net margin of 21.95%. The company had revenue of $757.60 million for the quarter, compared to analyst estimates of $732.98 million. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. sell-side analysts forecast that AMERCO will post 15.3 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which will be paid on Thursday, July 5th. Shareholders of record on Thursday, June 21st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, June 20th.
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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