Dimensional Fund Advisors LP Has $199.45 Million Stake in Amerco (UHAL)
Dimensional Fund Advisors LP lowered its stake in Amerco (NASDAQ:UHAL) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 544,912 shares of the transportation company’s stock after selling 80,895 shares during the period. Dimensional Fund Advisors LP owned approximately 2.78% of Amerco worth $199,454,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its holdings in shares of Amerco by 63.2% in the second quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation company’s stock worth $114,000 after buying an additional 120 shares during the period. Watermark Asset Management Inc. purchased a new position in shares of Amerco in the first quarter worth about $124,000. Citigroup Inc. purchased a new position in shares of Amerco in the second quarter worth about $145,000. UBS Group AG increased its holdings 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 period. Finally, Comerica Bank purchased a new position in shares of Amerco in the first quarter worth about $201,000. Hedge funds and other institutional investors own 30.03% of the company’s stock.
UHAL has been the topic of several analyst reports. BidaskClub upgraded Amerco from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. ValuEngine upgraded Amerco from a “hold” rating to a “buy” rating in a report on Monday, September 11th.
Shares of Amerco (UHAL) traded up 0.487% on Tuesday, reaching $378.395. The company had a trading volume of 4,225 shares. Amerco has a 52 week low of $307.80 and a 52 week high of $398.94. The stock’s 50 day moving average is $376.84 and its 200 day moving average is $368.88. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 19.635 and a beta of 1.12.
Amerco (NASDAQ:UHAL) last announced its quarterly earnings results on Wednesday, August 9th. The transportation company reported $6.44 EPS for the quarter, missing the Zacks’ consensus estimate 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 period in the previous year, the business posted $7.51 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts anticipate that Amerco will post $20.36 EPS for the current year.
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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