Amerco (UHAL) Stake Held by KBC Group NV
KBC Group NV maintained its position in shares of Amerco (NASDAQ:UHAL) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 702 shares of the transportation company’s stock at the close of the second quarter. KBC Group NV’s holdings in Amerco were worth $256,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Amerco by 4.8% during the first quarter. Vanguard Group Inc. now owns 468,897 shares of the transportation company’s stock worth $178,739,000 after purchasing an additional 21,265 shares during the period. Wellington Management Group LLP boosted its position in Amerco by 3.8% during the first quarter. Wellington Management Group LLP now owns 335,951 shares of the transportation company’s stock worth $128,061,000 after purchasing an additional 12,273 shares during the period. BlackRock Inc. boosted its position in Amerco by 4,120.4% during the first quarter. BlackRock Inc. now owns 297,493 shares of the transportation company’s stock worth $113,401,000 after purchasing an additional 290,444 shares during the period. Abrams Capital Management L.P. boosted its position in Amerco by 162.2% during the first quarter. Abrams Capital Management L.P. now owns 269,692 shares of the transportation company’s stock worth $102,804,000 after purchasing an additional 166,832 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Amerco by 24,683.3% during the first quarter. Principal Financial Group Inc. now owns 176,953 shares of the transportation company’s stock worth $67,453,000 after purchasing an additional 176,239 shares during the period. Institutional investors own 30.03% of the company’s stock.
Amerco (NASDAQ UHAL) opened at 383.42 on Friday. Amerco has a 12 month low of $307.80 and a 12 month high of $398.94. The firm’s 50-day moving average is $376.08 and its 200-day moving average is $369.06. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 19.90 and a beta of 1.12.
Amerco (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $6.46 by $0.02. The firm had revenue of $957.93 million for the quarter, compared to the consensus estimate of $943.57 million. Amerco had a net margin of 10.92% and a return on equity of 12.85%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.51 earnings per share. On average, analysts anticipate that Amerco will post $20.36 EPS for the current fiscal year.
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Separately, BidaskClub upgraded shares of Amerco from a “buy” rating to a “strong-buy” rating in a research report 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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