DekaBank Deutsche Girozentrale Has $283,000 Position in Amerco (UHAL)
DekaBank Deutsche Girozentrale boosted its position in shares of Amerco (NASDAQ:UHAL) by 12.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 758 shares of the transportation company’s stock after buying an additional 81 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Amerco were worth $283,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Watermark Asset Management Inc. purchased a new position in shares of Amerco during the first quarter worth about $124,000. Macquarie Group Ltd. bought a new position in shares of Amerco during the fourth quarter worth $148,000. UBS Group AG raised its position in shares of Amerco by 98.4% in the first quarter. UBS Group AG now owns 508 shares of the transportation company’s stock worth $194,000 after buying an additional 252 shares during the last quarter. Comerica Bank bought a new position in shares of Amerco during the first quarter worth $201,000. Finally, TD Asset Management Inc. bought a new position in shares of Amerco during the second quarter worth $214,000. Hedge funds and other institutional investors own 30.03% of the company’s stock.
Amerco (NASDAQ UHAL) opened at 367.41 on Wednesday. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 19.07 and a beta of 1.10. The firm has a 50-day moving average of $372.49 and a 200-day moving average of $369.21. Amerco has a 52 week low of $307.80 and a 52 week high of $398.94.
Amerco (NASDAQ:UHAL) last issued its quarterly earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $6.46 by $0.02. The firm had revenue of $957.93 million during the quarter, compared to analysts’ expectations of $943.57 million. Amerco had a return on equity of 12.85% and a net margin of 10.92%. Amerco’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $7.51 earnings per share. Equities analysts forecast that Amerco will post $20.36 earnings per share for the current year.
The company also recently declared a special dividend, which was paid on Thursday, August 3rd. Investors of record on Thursday, July 20th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, July 18th.
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Separately, BidaskClub raised shares of Amerco from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th.
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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