Amerco (UHAL) to Issue Special Dividend of $1.00 on November 3rd
Amerco (NASDAQ:UHAL) declared a special dividend on Wednesday, October 12th. Investors of record on Thursday, October 20th will be paid a dividend of 1.00 per share on Thursday, November 3rd. The ex-dividend date is Tuesday, October 18th.
Amerco (NASDAQ:UHAL) opened at 338.75 on Thursday. The company has a market cap of $6.64 billion, a P/E ratio of 14.28 and a beta of 1.38. Amerco has a 52 week low of $305.66 and a 52 week high of $436.89. The company’s 50-day moving average is $334.12 and its 200-day moving average is $357.39.
Amerco (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $7.51 EPS for the quarter, missing the Zacks’ consensus estimate of $8.72 by $1.21. Amerco had a return on equity of 19.28% and a net margin of 14.03%. The company earned $923.40 million during the quarter, compared to analysts’ expectations of $941.32 million. During the same period in the prior year, the firm earned $8.74 EPS. Amerco’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Amerco will post $23.64 EPS for the current fiscal year.
In other news, Director Daniel Robert Mullen sold 1,000 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $352.00, for a total value of $352,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 52.00% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Amerco by 51.4% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,626 shares of the company’s stock worth $3,980,000 after buying an additional 3,607 shares during the period. AQR Capital Management LLC boosted its stake in shares of Amerco by 4.4% in the second quarter. AQR Capital Management LLC now owns 127,512 shares of the company’s stock worth $47,760,000 after buying an additional 5,391 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Amerco by 5.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,245 shares of the company’s stock worth $2,714,000 after buying an additional 391 shares during the period. Paloma Partners Management Co boosted its stake in shares of Amerco by 22.4% in the second quarter. Paloma Partners Management Co now owns 2,938 shares of the company’s stock worth $1,101,000 after buying an additional 538 shares during the period. Finally, Zacks Investment Management acquired a new stake in shares of Amerco during the second quarter worth about $202,000. 28.15% of the stock is owned by institutional investors.
Separately, CL King cut shares of Amerco from a “strong-buy” rating to a “buy” rating and cut their price target for the stock from $449.00 to $405.00 in a research note on Friday, August 5th.
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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