Amerco (UHAL) Position Cut by James Investment Research Inc.
James Investment Research Inc. decreased its position in shares of Amerco (NASDAQ:UHAL) by 77.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,180 shares of the transportation company’s stock after selling 4,010 shares during the period. James Investment Research Inc.’s holdings in Amerco were worth $432,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Watermark Asset Management Inc. bought a new position in Amerco during the first quarter valued at approximately $124,000. Macquarie Group Ltd. bought a new position in Amerco during the fourth quarter valued at approximately $148,000. UBS Group AG increased its position in Amerco by 98.4% in the first quarter. UBS Group AG now owns 508 shares of the transportation company’s stock valued at $194,000 after buying an additional 252 shares in the last quarter. Pennsylvania Trust Co bought a new position in Amerco during the first quarter valued at approximately $200,000. Finally, Comerica Bank bought a new position in Amerco during the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 30.01% of the company’s stock.
Amerco (NASDAQ UHAL) traded down 0.67% during mid-day trading on Friday, reaching $356.39. The company’s stock had a trading volume of 76,162 shares. The firm’s 50 day moving average is $372.69 and its 200-day moving average is $369.73. The stock has a market cap of $6.99 billion, a P/E ratio of 18.49 and a beta of 1.10. Amerco has a one year low of $307.80 and a one year high of $398.94.
Amerco (NASDAQ:UHAL) last posted its quarterly earnings data on Wednesday, August 9th. The transportation company reported $6.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $6.46 by $0.02. Amerco had a return on equity of 12.85% and a net margin of 10.92%. The firm had revenue of $957.93 million during the quarter, compared to analysts’ expectations of $943.57 million. During the same period last year, the company earned $7.51 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts expect that Amerco will post $20.36 earnings per share for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Thursday, August 3rd. Investors of record on Thursday, July 20th were given a $1.00 dividend. The ex-dividend date was Tuesday, July 18th.
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Separately, BidaskClub upgraded Amerco from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st.
In related news, major shareholder Grove Holdings Lp Willow bought 2,000 shares of Amerco stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average cost of $352.87 per share, with a total value of $705,740.00. Following the completion of the transaction, the insider now owns 7,562,884 shares in the company, valued at approximately $2,668,714,877.08. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 42.60% 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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