State of Alaska Department of Revenue Invests $151,000 in AMERCO (UHAL) Stock
State of Alaska Department of Revenue acquired a new position in AMERCO (NASDAQ:UHAL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 400 shares of the transportation company’s stock, valued at approximately $151,000.
A number of other institutional investors have also made changes to their positions in UHAL. Janus Henderson Group PLC purchased a new stake in AMERCO in the 2nd quarter worth about $32,388,000. Principal Financial Group Inc. lifted its stake in AMERCO by 8.6% in the 3rd quarter. Principal Financial Group Inc. now owns 255,019 shares of the transportation company’s stock worth $95,606,000 after acquiring an additional 20,275 shares in the last quarter. Schwartz Investment Counsel Inc. purchased a new stake in AMERCO in the 3rd quarter worth about $6,373,000. Heartland Advisors Inc. purchased a new stake in AMERCO in the 3rd quarter worth about $4,106,000. Finally, Reinhart Partners Inc. lifted its stake in AMERCO by 20.2% in the 3rd quarter. Reinhart Partners Inc. now owns 61,495 shares of the transportation company’s stock worth $23,054,000 after acquiring an additional 10,342 shares in the last quarter. 30.82% of the stock is owned by hedge funds and other institutional investors.
In other news, Director John P. Brogan sold 200 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $381.16, for a total transaction of $76,232.00. Following the completion of the sale, the director now directly owns 5,800 shares of the company’s stock, valued at approximately $2,210,728. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.60% of the stock is owned by company insiders.
AMERCO (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, February 7th. The transportation company reported $2.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $9.20 by ($6.86). AMERCO had a return on equity of 10.52% and a net margin of 22.22%. The firm had revenue of $842.88 million for the quarter, compared to analysts’ expectations of $784.80 million. During the same period last year, the business earned $3.33 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts anticipate that AMERCO will post 22.65 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. BidaskClub raised AMERCO from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 6th. ValuEngine downgraded AMERCO from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.
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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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