Capital Insight Partners LLC lowered its stake in Amerco (NASDAQ:UHAL) by 5.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,518 shares of the transportation company’s stock after selling 150 shares during the period. Capital Insight Partners LLC’s holdings in Amerco were worth $922,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Watermark Asset Management Inc. purchased a new stake in Amerco during the first quarter worth $124,000. Macquarie Group Ltd. purchased a new stake in Amerco during the fourth quarter worth $148,000. UBS Group AG raised its position 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 last quarter. Pennsylvania Trust Co bought a new position in shares of Amerco during the first quarter worth approximately $200,000. Finally, Comerica Bank bought a new position in shares of Amerco during the first quarter worth approximately $201,000. Hedge funds and other institutional investors own 29.20% of the company’s stock.
Amerco (UHAL) traded up 1.41% during midday trading on Tuesday, hitting $394.02. 120,872 shares of the stock traded hands. Amerco has a 52-week low of $307.80 and a 52-week high of $398.90. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 19.37 and a beta of 1.09. The firm’s 50-day moving average is $360.30 and its 200-day moving average is $369.01.
Amerco (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, May 24th. The transportation company reported $0.49 EPS for the quarter, missing the consensus estimate of $2.00 by $1.51. The firm had revenue of $708.80 million for the quarter, compared to analyst estimates of $702.54 million. Amerco had a return on equity of 14.02% and a net margin of 11.64%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $2.68 EPS. Analysts predict that Amerco will post $22.00 EPS for the current year.
The company also recently declared a special dividend, which will be paid on Thursday, August 3rd. Shareholders of record on Thursday, July 20th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, July 18th.
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Separately, BidaskClub cut shares of Amerco from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd.
In related news, major shareholder Grove Holdings Lp Willow bought 2,000 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average price of $352.87 per share, with a total value of $705,740.00. Following the completion of the acquisition, the insider now owns 7,562,884 shares in the company, valued at approximately $2,668,714,877.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 42.60% of the company’s stock.
About Amerco
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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