Amerco Announces Special Dividend of $1.00 (UHAL)
Amerco (NASDAQ:UHAL) announced a special dividend on Wednesday, October 12th. Stockholders of record on Thursday, October 20th will be given a dividend of 1.00 per share on Thursday, November 3rd. The ex-dividend date is Tuesday, October 18th.
Shares of Amerco (NASDAQ:UHAL) opened at 338.75 on Thursday. The stock’s 50 day moving average price is $334.12 and its 200-day moving average price is $357.39. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 14.28 and a beta of 1.38. Amerco has a 1-year low of $305.66 and a 1-year high of $436.89.
Amerco (NASDAQ:UHAL) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $7.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $8.72 by $1.21. Amerco had a net margin of 14.03% and a return on equity of 19.28%. The company had revenue of $923.40 million for the quarter, compared to analysts’ expectations of $941.32 million. During the same period in the previous year, the firm earned $8.74 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts forecast that Amerco will post $23.64 earnings per share for the current year.
Separately, CL King cut Amerco from a “strong-buy” rating to a “buy” rating and lowered their price objective for the company from $449.00 to $405.00 in a research report on Friday, August 5th.
In related news, Director Daniel Robert Mullen sold 1,000 shares of Amerco stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $352.00, for a total transaction of $352,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 52.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of UHAL. Stratos Wealth Partners LTD. acquired a new stake in shares of Amerco during the second quarter valued at about $200,000. Zacks Investment Management acquired a new stake in shares of Amerco during the second quarter valued at about $202,000. GAM Holding AG increased its stake in shares of Amerco by 83.4% in the second quarter. GAM Holding AG now owns 543 shares of the company’s stock valued at $203,000 after buying an additional 247 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Amerco during the second quarter valued at about $225,000. Finally, Pacer Advisors Inc. increased its stake in shares of Amerco by 516.0% in the second quarter. Pacer Advisors Inc. now owns 733 shares of the company’s stock valued at $274,000 after buying an additional 614 shares during the period. 28.15% of the stock is currently owned by institutional investors.
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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