Amerco (NASDAQ:UHAL) issued its quarterly earnings data on Wednesday. The transportation company reported $6.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $6.46 by $0.02, Briefing.com reports. The firm had revenue of $957.93 million for the quarter, compared to the consensus estimate of $943.57 million. Amerco had a return on equity of 14.02% and a net margin of 11.64%. Amerco’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $7.51 earnings per share.
Shares of Amerco (UHAL) traded down 7.93% during mid-day trading on Thursday, reaching $360.39. 205,350 shares of the company’s stock traded hands. The stock has a market cap of $7.07 billion, a PE ratio of 17.72 and a beta of 1.10. Amerco has a 12 month low of $307.80 and a 12 month high of $398.94. The firm has a 50 day moving average price of $368.78 and a 200-day moving average price of $370.23.
The company also recently disclosed a special dividend, which was paid on Thursday, August 3rd. Shareholders of record on Thursday, July 20th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, July 18th.
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Separately, BidaskClub raised shares of Amerco from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th.
In related news, major shareholder Grove Holdings Lp Willow purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average cost of $352.87 per share, with a total value of $705,740.00. Following the acquisition, the insider now owns 7,562,884 shares of the company’s stock, valued at approximately $2,668,714,877.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.60% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Investment House LLC raised its stake in shares of Amerco by 6.7% in the first quarter. Investment House LLC now owns 795 shares of the transportation company’s stock valued at $303,000 after buying an additional 50 shares during the period. Guggenheim Capital LLC raised its stake in shares of Amerco by 33.3% in the fourth quarter. Guggenheim Capital LLC now owns 3,661 shares of the transportation company’s stock valued at $1,353,000 after buying an additional 915 shares during the period. Stoneridge Investment Partners LLC raised its stake in shares of Amerco by 30.2% in the first quarter. Stoneridge Investment Partners LLC now owns 2,090 shares of the transportation company’s stock valued at $797,000 after buying an additional 485 shares during the period. Pennsylvania Trust Co bought a new stake in shares of Amerco during the first quarter valued at about $200,000. Finally, Tredje AP fonden raised its stake in shares of Amerco by 62.3% in the first quarter. Tredje AP fonden now owns 2,009 shares of the transportation company’s stock valued at $766,000 after buying an additional 771 shares during the period. 29.83% of the stock is currently owned by institutional investors.
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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