Assenagon Asset Management S.A. Invests $280,000 in Amerco (NASDAQ:UHAL)

Assenagon Asset Management S.A. acquired a new position in shares of Amerco (NASDAQ:UHAL) during the second quarter, Holdings Channel reports. The institutional investor acquired 765 shares of the transportation company’s stock, valued at approximately $280,000.

Several other large investors have also modified their holdings of UHAL. BlackRock Inc. increased its stake in shares of Amerco by 4,120.4% in the first quarter. BlackRock Inc. now owns 297,493 shares of the transportation company’s stock worth $113,401,000 after buying an additional 290,444 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Amerco by 24,683.3% in the first quarter. Principal Financial Group Inc. now owns 176,953 shares of the transportation company’s stock worth $67,453,000 after buying an additional 176,239 shares during the last quarter. Abrams Capital Management L.P. increased its position in shares of Amerco by 162.2% in the first quarter. Abrams Capital Management L.P. now owns 269,692 shares of the transportation company’s stock valued at $102,804,000 after buying an additional 166,832 shares in the last quarter. Norges Bank purchased a new position in shares of Amerco during the fourth quarter valued at $19,962,000. Finally, Reinhart Partners Inc. purchased a new position in shares of Amerco during the first quarter valued at $18,423,000. 29.24% of the stock is owned by hedge funds and other institutional investors.

Shares of Amerco (NASDAQ:UHAL) traded up 0.242% on Friday, reaching $370.495. 10,336 shares of the company traded hands. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 18.213 and a beta of 1.09. Amerco has a 1-year low of $307.80 and a 1-year high of $399.16. The company has a 50-day moving average of $355.16 and a 200-day moving average of $368.37.

Amerco (NASDAQ:UHAL) last released its quarterly earnings data on Wednesday, May 24th. The transportation company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by $1.51. Amerco had a net margin of 11.64% and a return on equity of 14.02%. The firm had revenue of $708.80 million during the quarter, compared to analysts’ expectations of $702.54 million. During the same period in the previous year, the firm posted $2.68 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts anticipate that Amerco will post $22.00 earnings per share for the current fiscal year.

The company also recently disclosed 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 raised shares of Amerco from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th.

In other news, major shareholder Grove Holdings Lp Willow acquired 2,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was bought at an average price of $352.87 per share, with a total value of $705,740.00. Following the completion of the acquisition, the insider now owns 7,562,884 shares of the company’s stock, valued at $2,668,714,877.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 52.00% of the stock is currently owned by insiders.

Amerco Company Profile

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.

Want to see what other hedge funds are holding UHAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amerco (NASDAQ:UHAL).

Institutional Ownership by Quarter for Amerco (NASDAQ:UHAL)

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