AMERCO (UHAL) Shares Bought by Caisse DE Depot ET Placement DU Quebec
Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of AMERCO (NASDAQ:UHAL) by 14.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,776 shares of the transportation company’s stock after purchasing an additional 600 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in AMERCO were worth $1,798,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in UHAL. Abrams Capital Management L.P. lifted its position in shares of AMERCO by 46.3% during the second quarter. Abrams Capital Management L.P. now owns 394,610 shares of the transportation company’s stock worth $144,451,000 after purchasing an additional 124,918 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of AMERCO during the second quarter worth $32,388,000. Gruss Capital Management LP bought a new stake in shares of AMERCO during the second quarter worth $21,964,000. Principal Financial Group Inc. lifted its position in shares of AMERCO by 32.7% during the second quarter. Principal Financial Group Inc. now owns 234,744 shares of the transportation company’s stock worth $85,930,000 after purchasing an additional 57,791 shares during the last quarter. Finally, Brandes Investment Partners LP purchased a new position in shares of AMERCO during the second quarter valued at $11,781,000. Institutional investors and hedge funds own 30.74% of the company’s stock.
Several brokerages have recently commented on UHAL. BidaskClub upgraded AMERCO from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 6th. ValuEngine lowered AMERCO from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.
AMERCO (NASDAQ:UHAL) last announced its quarterly earnings results on Wednesday, November 8th. The transportation company reported $6.36 EPS for the quarter, missing the consensus estimate of $7.18 by ($0.82). The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $975.90 million. AMERCO had a net margin of 9.30% and a return on equity of 11.28%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $9.01 EPS. analysts forecast that AMERCO will post 22.6 EPS for the current year.
The company also recently declared a special dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 21st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 20th.
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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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