Ameriprise Financial Inc. boosted its stake in shares of AMERCO (NASDAQ:UHAL) by 11.4% in the third quarter, according to the company in its most recent 13F 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 period. Ameriprise Financial Inc.’s holdings in AMERCO were worth $1,484,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of UHAL. Toronto Dominion Bank boosted its stake in AMERCO by 241.2% during the 3rd quarter. Toronto Dominion Bank now owns 290 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 205 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in shares of AMERCO by 63.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation company’s stock worth $114,000 after buying an additional 120 shares during the last quarter. Citigroup Inc. purchased a new position in shares of AMERCO in the 2nd quarter worth $145,000. Sciencast Management LP purchased a new position in shares of AMERCO in the 2nd quarter worth $216,000. Finally, Quantbot Technologies LP lifted its position in AMERCO by 523.3% during the third quarter. Quantbot Technologies LP now owns 642 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 539 shares in the last quarter. 30.70% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on the company. ValuEngine downgraded AMERCO from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub cut AMERCO from a “sell” rating to a “strong sell” rating in a report on Saturday, December 30th.
Shares of AMERCO (NASDAQ:UHAL) opened at $367.10 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.60 and a quick ratio of 2.37. AMERCO has a twelve month low of $338.30 and a twelve month high of $400.99. The stock has a market capitalization of $7,321.16, a PE ratio of 22.09 and a beta of 1.11.
AMERCO (NASDAQ:UHAL) last issued its quarterly earnings data on Wednesday, November 8th. The transportation company reported $6.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $7.18 by ($0.82). AMERCO had a return on equity of 11.28% and a net margin of 9.30%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $975.90 million. During the same period in the previous year, the firm earned $9.01 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. research analysts anticipate that AMERCO will post 22.65 EPS for the current fiscal year.
The company 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 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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