Alliancebernstein L.P. reduced its position in shares of AMERCO (NASDAQ:UHAL) by 10.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,305 shares of the transportation company’s stock after selling 626 shares during the period. Alliancebernstein L.P.’s holdings in AMERCO were worth $2,022,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of AMERCO during the fourth quarter worth approximately $2,170,000. Envestnet Asset Management Inc. acquired a new position in shares of AMERCO during the fourth quarter valued at about $217,000. Guggenheim Capital LLC raised its position in shares of AMERCO by 33.3% in the fourth quarter. Guggenheim Capital LLC now owns 3,661 shares of the transportation company’s stock valued at $1,353,000 after buying an additional 915 shares in the last quarter. Stoneridge Investment Partners LLC raised its position in shares of AMERCO by 30.2% in the first quarter. Stoneridge Investment Partners LLC now owns 2,090 shares of the transportation company’s stock valued at $797,000 after buying an additional 485 shares in the last quarter. Finally, Pennsylvania Trust Co acquired a new position in shares of AMERCO during the first quarter valued at about $200,000. 29.24% of the stock is owned by institutional investors.
AMERCO (NASDAQ UHAL) opened at 363.00 on Wednesday. The company has a 50 day moving average price of $358.73 and a 200 day moving average price of $369.31. AMERCO has a 12 month low of $307.80 and a 12 month high of $399.16. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 17.84 and a beta of 1.09.
AMERCO (NASDAQ:UHAL) last issued its earnings results on Wednesday, May 24th. The transportation company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.00 by $1.51. The business had revenue of $708.80 million during the quarter, compared to the consensus estimate of $702.54 million. AMERCO had a return on equity of 1.37% and a net margin of 1.35%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.68 earnings per share. Analysts anticipate that AMERCO will post $22.00 earnings per share for the current fiscal year.
The firm also recently announced a special dividend, which will be paid on Thursday, August 3rd. Shareholders of record on Thursday, July 20th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, July 18th.
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Separately, BidaskClub lowered AMERCO from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd.
In other AMERCO news, major shareholder Grove Holdings Lp Willow bought 2,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was acquired at an average cost of $352.87 per share, for a total transaction of $705,740.00. Following the completion of the acquisition, the insider now owns 7,562,884 shares in the company, valued at approximately $2,668,714,877.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 52.00% 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.
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