Karl A. Schmidt Purchases 300 Shares of Amerco (UHAL) Stock
Amerco (NASDAQ:UHAL) Director Karl A. Schmidt bought 300 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were bought at an average cost of $343.15 per share, for a total transaction of $102,945.00. Following the transaction, the director now owns 300 shares in the company, valued at approximately $102,945. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Amerco (NASDAQ:UHAL) traded down 0.06% during trading on Friday, reaching $343.73. The company’s stock had a trading volume of 42,727 shares. The stock has a 50 day moving average of $328.23 and a 200-day moving average of $353.47. Amerco has a 1-year low of $305.66 and a 1-year high of $436.89. The company has a market capitalization of $6.74 billion, a PE ratio of 14.49 and a beta of 1.28.
Amerco (NASDAQ:UHAL) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $8.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.78 by $0.56. The firm earned $998.91 million during the quarter, compared to analyst estimates of $1.01 billion. Amerco had a return on equity of 17.49% and a net margin of 13.67%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $9.36 earnings per share. On average, analysts expect that Amerco will post $22.32 earnings per share for the current year.
The business also recently disclosed a special dividend, which was paid on Thursday, November 3rd. Investors of record on Thursday, October 20th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, October 18th.
Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in shares of Amerco by 36.1% in the second quarter. BNP Paribas Arbitrage SA now owns 332 shares of the company’s stock worth $124,000 after buying an additional 88 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Amerco by 833.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 336 shares of the company’s stock worth $109,000 after buying an additional 300 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Amerco by 69.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 386 shares of the company’s stock worth $124,000 after buying an additional 158 shares during the last quarter. Dreman Value Management L L C bought a new position in shares of Amerco during the third quarter worth approximately $155,000. Finally, MU Investments Co. Ltd. increased its position in shares of Amerco by 11.4% in the second quarter. MU Investments Co. Ltd. now owns 490 shares of the company’s stock worth $183,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 27.63% of the company’s stock.
Separately, CL King downgraded Amerco from a “strong-buy” rating to a “buy” rating and cut their target price for the company from $449.00 to $405.00 in a research report 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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