Russell Investments Group Ltd. lowered its stake in shares of Amerco (NASDAQ:UHAL) by 80.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,150 shares of the transportation company’s stock after selling 4,710 shares during the period. Russell Investments Group Ltd.’s holdings in Amerco were worth $438,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in Amerco by 9.6% in the fourth quarter. State Street Corp now owns 153,015 shares of the transportation company’s stock worth $56,563,000 after buying an additional 13,422 shares during the last quarter. Norges Bank purchased a new position in Amerco during the fourth quarter worth approximately $19,962,000. Denali Advisors LLC boosted its stake in Amerco by 12.9% in the first quarter. Denali Advisors LLC now owns 39,500 shares of the transportation company’s stock valued at $15,057,000 after buying an additional 4,500 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Amerco by 1.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 11,087 shares of the transportation company’s stock valued at $4,097,000 after buying an additional 176 shares in the last quarter. Finally, RMB Capital Management LLC bought a new stake in Amerco during the fourth quarter valued at about $2,539,000. Hedge funds and other institutional investors own 29.24% of the company’s stock.
Amerco (NASDAQ UHAL) opened at 363.48 on Tuesday. Amerco has a 52-week low of $307.80 and a 52-week high of $399.16. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 17.87 and a beta of 1.09. The stock’s 50 day moving average is $358.73 and its 200 day moving average is $369.31.
Amerco (NASDAQ:UHAL) last issued its quarterly earnings results on Wednesday, May 24th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by $1.51. Amerco had a return on equity of 14.02% and a net margin of 11.64%. The firm had revenue of $708.80 million for the quarter, compared to the consensus estimate of $702.54 million. During the same period last year, the firm earned $2.68 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Amerco will post $22.00 earnings per share for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Thursday, August 3rd. Investors of record on Thursday, July 20th will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, July 18th.
Separately, BidaskClub upgraded shares of Amerco from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th.
In other news, major shareholder Grove Holdings Lp Willow bought 2,000 shares of Amerco stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of $352.87 per share, for a total transaction of $705,740.00. Following the acquisition, the insider now owns 7,562,884 shares of the company’s stock, valued at $2,668,714,877.08. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 52.00% of the stock is owned by insiders.
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.
Receive News & Ratings for Amerco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerco and related companies with MarketBeat.com's FREE daily email newsletter.