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.
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