Zurcher Kantonalbank Zurich Cantonalbank Has $465,000 Stake in Amerco (UHAL)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Amerco (NASDAQ:UHAL) by 13.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,269 shares of the transportation company’s stock after purchasing an additional 152 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Amerco were worth $465,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UHAL. Watermark Asset Management Inc. purchased a new stake in shares of Amerco during the first quarter valued at approximately $124,000. UBS Group AG boosted its stake in shares of Amerco by 98.4% during the first quarter. UBS Group AG now owns 508 shares of the transportation company’s stock valued at $194,000 after purchasing an additional 252 shares during the period. Comerica Bank purchased a new stake in shares of Amerco during the first quarter valued at approximately $201,000. Blair William & Co. IL purchased a new stake in shares of Amerco during the second quarter valued at approximately $201,000. Finally, TD Asset Management Inc. purchased a new stake in shares of Amerco during the second quarter valued at approximately $214,000. 30.03% of the stock is owned by hedge funds and other institutional investors.

Amerco (UHAL) opened at 388.81 on Wednesday. The company’s 50 day moving average price is $376.56 and its 200-day moving average price is $368.91. Amerco has a one year low of $307.80 and a one year high of $398.94. The company has a market cap of $7.62 billion, a P/E ratio of 20.18 and a beta of 1.12.

Amerco (NASDAQ:UHAL) last posted its quarterly earnings data on Wednesday, August 9th. The transportation company reported $6.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $6.46 by ($0.02). Amerco had a net margin of 10.92% and a return on equity of 12.85%. The business had revenue of $957.93 million for the quarter, compared to analysts’ expectations of $943.57 million. During the same quarter in the previous year, the firm earned $7.51 EPS. Amerco’s revenue was up 3.8% compared to the same quarter last year. On average, analysts forecast that Amerco will post $20.36 EPS for the current fiscal year.

A number of analysts have recently weighed in on UHAL shares. BidaskClub raised Amerco from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. ValuEngine upgraded Amerco from a “hold” rating to a “buy” rating in a report on Monday.

TRADEMARK VIOLATION WARNING: “Zurcher Kantonalbank Zurich Cantonalbank Has $465,000 Stake in Amerco (UHAL)” was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/09/13/zurcher-kantonalbank-zurich-cantonalbank-has-465000-stake-in-amerco-uhal.html.

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.

Want to see what other hedge funds are holding UHAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amerco (NASDAQ:UHAL).

Institutional Ownership by Quarter for Amerco (NASDAQ:UHAL)

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.

Latest News

Leave a Reply