Amerco (UHAL) Shares Sold by Wilen Investment Management CORP.
Wilen Investment Management CORP. reduced its stake in Amerco (NASDAQ:UHAL) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,196 shares of the transportation company’s stock after selling 525 shares during the period. Amerco accounts for about 8.9% of Wilen Investment Management CORP.’s holdings, making the stock its 4th largest position. Wilen Investment Management CORP. owned about 0.21% of Amerco worth $14,666,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Watermark Asset Management Inc. bought a new stake in shares of Amerco during the first quarter valued at about $124,000. Macquarie Group Ltd. bought a new stake in shares of Amerco during the fourth quarter valued at about $148,000. UBS Group AG increased its stake in shares of 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 during the last quarter. Comerica Bank bought a new stake in shares of Amerco during the first quarter valued at about $201,000. Finally, Blair William & Co. IL bought a new stake in shares of Amerco during the second quarter valued at about $201,000. Institutional investors and hedge funds own 30.03% of the company’s stock.
Shares of Amerco (UHAL) traded up 0.94% during midday trading on Friday, hitting $376.70. 52,465 shares of the stock traded hands. The company has a market capitalization of $7.39 billion, a PE ratio of 19.55 and a beta of 1.12. Amerco has a 12-month low of $307.80 and a 12-month high of $398.94. The firm’s 50 day moving average price is $374.09 and its 200 day moving average price is $369.10.
Amerco (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.46 by $0.02. Amerco had a net margin of 10.92% and a return on equity of 12.85%. The business had revenue of $957.93 million during the quarter, compared to the consensus estimate of $943.57 million. During the same quarter last year, the company posted $7.51 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. Analysts expect that Amerco will post $20.36 EPS for the current year.
The firm 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 was Tuesday, July 18th.
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Separately, BidaskClub upgraded shares of Amerco from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st.
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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