K.J. Harrison & Partners Inc boosted its stake in shares of Amerco (NASDAQ:UHAL) by 25.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,020 shares of the transportation company’s stock after buying an additional 1,020 shares during the period. K.J. Harrison & Partners Inc’s holdings in Amerco were worth $1,838,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Watermark Asset Management Inc. bought a new position in shares of Amerco during the first quarter worth $124,000. Macquarie Group Ltd. acquired a new stake in shares of Amerco during the fourth quarter valued at approximately $148,000. UBS Group AG boosted its stake in shares of Amerco by 98.4% in the first quarter. UBS Group AG now owns 508 shares of the transportation company’s stock valued at $194,000 after buying an additional 252 shares in the last quarter. Pennsylvania Trust Co acquired a new stake in shares of Amerco during the first quarter valued at approximately $200,000. Finally, Comerica Bank acquired a new stake in shares of Amerco during the first quarter valued at approximately $201,000. 29.83% of the stock is owned by hedge funds and other institutional investors.
Shares of Amerco (NASDAQ UHAL) traded down 0.73% on Tuesday, reaching $390.52. 55,868 shares of the company’s stock were exchanged. The stock has a market cap of $7.66 billion, a P/E ratio of 19.20 and a beta of 1.10. Amerco has a 52-week low of $307.80 and a 52-week high of $398.90. The company’s 50 day moving average price is $361.45 and its 200-day moving average price is $369.20.
Amerco (NASDAQ:UHAL) last released its earnings results on Wednesday, May 24th. The transportation company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by $1.51. Amerco had a return on equity of 14.02% and a net margin of 11.64%. The company had revenue of $708.80 million during the quarter, compared to analysts’ expectations of $702.54 million. During the same period in the prior year, the company posted $2.68 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that Amerco will post $22.00 EPS for the current fiscal year.
The business also recently announced a special dividend, which was paid on Thursday, August 3rd. Stockholders of record on Thursday, July 20th were paid a $1.00 dividend. The ex-dividend date was Tuesday, July 18th.
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Separately, BidaskClub upgraded shares of Amerco from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st.
In related news, major shareholder Grove Holdings Lp Willow bought 2,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were purchased at an average cost of $352.87 per share, with a total value of $705,740.00. Following the completion of the purchase, the insider now owns 7,562,884 shares in the company, valued at approximately $2,668,714,877.08. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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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