Oregon Public Employees Retirement Fund purchased a new stake in shares of Amerco (NASDAQ:UHAL) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,000 shares of the transportation company’s stock, valued at approximately $381,000.
Several other large investors also recently bought and sold shares of the stock. Capital Insight Partners LLC raised its position in Amerco by 2.5% in the first quarter. Capital Insight Partners LLC now owns 2,668 shares of the transportation company’s stock worth $1,017,000 after buying an additional 65 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in Amerco by 0.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 25,767 shares of the transportation company’s stock worth $9,822,000 after buying an additional 134 shares during the period. Janney Capital Management LLC purchased a new stake in Amerco during the first quarter worth approximately $224,000. Howard Hughes Medical Institute boosted its stake in Amerco by 17.5% in the first quarter. Howard Hughes Medical Institute now owns 1,599 shares of the transportation company’s stock worth $610,000 after buying an additional 238 shares during the period. Finally, Rehmann Capital Advisory Group purchased a new stake in Amerco during the first quarter worth approximately $215,000. 29.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Amerco (NASDAQ UHAL) traded down 0.30% during midday trading on Monday, reaching $349.90. The company’s stock had a trading volume of 52,841 shares. The company has a market capitalization of $6.86 billion, a P/E ratio of 17.20 and a beta of 1.10. Amerco has a 1-year low of $307.80 and a 1-year high of $399.16. The stock has a 50 day moving average of $364.88 and a 200-day moving average of $369.80.
Amerco (NASDAQ:UHAL) last posted its quarterly earnings data on Wednesday, May 24th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by $1.51. The company had revenue of $708.80 million during the quarter, compared to the consensus estimate of $702.54 million. Amerco had a net margin of 11.64% and a return on equity of 14.02%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $2.68 earnings per share. On average, equities research analysts anticipate that Amerco will post $22.00 earnings per share for the current year.
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In related news, major shareholder Grove Holdings Lp Willow acquired 2,000 shares of the firm’s stock in a transaction dated 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 directly owns 7,562,884 shares of the company’s stock, valued at approximately $2,668,714,877.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company 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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