Bank of New York Mellon Corp Has $7.42 Million Stake in AMERCO (UHAL)
Bank of New York Mellon Corp trimmed its stake in shares of AMERCO (NASDAQ:UHAL) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,267 shares of the transportation company’s stock after selling 1,665 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.10% of AMERCO worth $7,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of UHAL. Waldron LP bought a new position in shares of AMERCO during the first quarter worth about $236,000. US Bancorp DE raised its position in shares of AMERCO by 37,433.3% during the first quarter. US Bancorp DE now owns 1,126 shares of the transportation company’s stock worth $429,000 after acquiring an additional 1,123 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of AMERCO by 752.1% during the first quarter. BNP Paribas Arbitrage SA now owns 1,619 shares of the transportation company’s stock worth $617,000 after acquiring an additional 1,429 shares during the last quarter. Comerica Bank bought a new position in shares of AMERCO during the first quarter worth about $201,000. Finally, UBS Asset Management Americas Inc. raised its position in shares of AMERCO by 14.1% during the first quarter. UBS Asset Management Americas Inc. now owns 12,653 shares of the transportation company’s stock worth $4,823,000 after acquiring an additional 1,566 shares during the last quarter. Institutional investors own 30.03% of the company’s stock.
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UHAL has been the subject of a number of analyst reports. BidaskClub downgraded AMERCO from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. ValuEngine upgraded AMERCO from a “hold” rating to a “buy” rating in a research report on Monday, September 11th.
AMERCO (NASDAQ:UHAL) opened at 374.90 on Friday. AMERCO has a 12 month low of $307.80 and a 12 month high of $398.94. The company has a market capitalization of $7.35 billion, a P/E ratio of 19.45 and a beta of 1.12. The stock’s 50 day moving average price is $376.84 and its 200-day moving average price is $368.88.
AMERCO (NASDAQ:UHAL) last issued its earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.46 by ($0.02). The company had revenue of $957.93 million for the quarter, compared to analysts’ expectations of $943.57 million. AMERCO had a net margin of 13.18% and a return on equity of 17.80%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.51 earnings per share. On average, equities research analysts predict that AMERCO will post $20.36 EPS for the current fiscal year.
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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