Ameriprise Financial Inc. grew its position in shares of AMERCO (NASDAQ:UHAL) by 11.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,957 shares of the transportation company’s stock after buying an additional 404 shares during the quarter. Ameriprise Financial Inc.’s holdings in AMERCO were worth $1,484,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of AMERCO by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 476,587 shares of the transportation company’s stock worth $174,460,000 after buying an additional 7,690 shares in the last quarter. Abrams Capital Management L.P. lifted its position in shares of AMERCO by 46.3% during the 2nd quarter. Abrams Capital Management L.P. now owns 394,610 shares of the transportation company’s stock worth $144,451,000 after buying an additional 124,918 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of AMERCO by 8.6% during the 3rd quarter. Principal Financial Group Inc. now owns 255,019 shares of the transportation company’s stock worth $95,606,000 after buying an additional 20,275 shares in the last quarter. Newtyn Management LLC lifted its position in shares of AMERCO by 1.3% during the 2nd quarter. Newtyn Management LLC now owns 157,000 shares of the transportation company’s stock worth $57,471,000 after buying an additional 2,000 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of AMERCO during the 2nd quarter worth approximately $32,388,000. 30.70% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director John P. Brogan sold 200 shares of AMERCO stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $381.16, for a total value of $76,232.00. Following the sale, the director now owns 5,800 shares of the company’s stock, valued at approximately $2,210,728. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.60% of the company’s stock.
Shares of AMERCO (NASDAQ UHAL) opened at $374.94 on Wednesday. The company has a quick ratio of 2.37, a current ratio of 2.60 and a debt-to-equity ratio of 1.12. The company has a market cap of $7,330.00, a P/E ratio of 22.56 and a beta of 1.11. AMERCO has a 1-year low of $338.30 and a 1-year high of $400.99.
AMERCO (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, November 8th. The transportation company reported $6.36 EPS for the quarter, missing analysts’ consensus estimates of $7.18 by ($0.82). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $975.90 million. AMERCO had a return on equity of 11.28% and a net margin of 9.30%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $9.01 EPS. analysts expect that AMERCO will post 22.65 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, December 20th.
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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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