British Columbia Investment Management Corp decreased its position in Amerco (NASDAQ:UHAL) by 15.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,193 shares of the transportation company’s stock after selling 396 shares during the period. British Columbia Investment Management Corp’s holdings in Amerco were worth $836,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Abrams Capital Management L.P. purchased a new position in Amerco during the fourth quarter worth $38,016,000. Kovitz Investment Group Partners LLC increased its position in Amerco by 118.1% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 102,967 shares of the transportation company’s stock worth $38,055,000 after buying an additional 55,752 shares during the period. Norges Bank purchased a new position in Amerco during the fourth quarter worth $19,962,000. Janus Capital Management LLC increased its position in Amerco by 410.7% in the fourth quarter. Janus Capital Management LLC now owns 66,478 shares of the transportation company’s stock worth $24,570,000 after buying an additional 53,461 shares during the period. Finally, Reinhart Partners Inc. purchased a new position in Amerco during the first quarter worth $18,423,000. 29.24% of the stock is owned by hedge funds and other institutional investors.
Amerco (NASDAQ UHAL) traded up 1.02% during trading on Friday, reaching $350.95. The company’s stock had a trading volume of 72,344 shares. The company’s 50-day moving average is $364.88 and its 200-day moving average is $369.80. Amerco has a 12 month low of $307.80 and a 12 month high of $399.16. The stock has a market cap of $6.88 billion, a PE ratio of 17.25 and a beta of 1.10.
Amerco (NASDAQ:UHAL) last released its quarterly earnings data on Wednesday, May 24th. The transportation company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by $1.51. The firm had revenue of $708.80 million for the quarter, compared to the consensus estimate of $702.54 million. Amerco had a net margin of 11.64% and a return on equity of 14.02%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.68 EPS. Equities analysts expect that Amerco will post $22.00 EPS for the current fiscal year.
In other news, major shareholder Grove Holdings Lp Willow acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average price of $352.87 per share, for a total transaction of $705,740.00. Following the completion of the acquisition, the insider now directly 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 available at the SEC website. Insiders own 52.00% of the company’s stock.
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.
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