Parametric Portfolio Associates LLC Purchases 1,400 Shares of Amerco (NASDAQ:UHAL)

Parametric Portfolio Associates LLC raised its position in shares of Amerco (NASDAQ:UHAL) by 20.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,138 shares of the transportation company’s stock after buying an additional 1,400 shares during the period. Parametric Portfolio Associates LLC’s holdings in Amerco were worth $3,102,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State Street Corp boosted its stake in Amerco by 9.6% in the fourth quarter. State Street Corp now owns 153,015 shares of the transportation company’s stock valued at $56,563,000 after buying an additional 13,422 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Amerco by 2.4% in the first quarter. Wells Fargo & Company MN now owns 74,446 shares of the transportation company’s stock valued at $28,377,000 after buying an additional 1,716 shares in the last quarter. Norges Bank purchased a new stake in Amerco during the fourth quarter valued at about $19,962,000. Scout Investments Inc. boosted its stake in Amerco by 7.8% in the first quarter. Scout Investments Inc. now owns 50,429 shares of the transportation company’s stock valued at $18,019,000 after buying an additional 3,661 shares in the last quarter. Finally, Reinhart Partners Inc. purchased a new stake in Amerco during the first quarter valued at about $18,423,000. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Amerco (NASDAQ UHAL) traded up 0.77% on Friday, hitting $386.75. 50,652 shares of the stock traded hands. Amerco has a one year low of $307.80 and a one year high of $399.16. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 19.01 and a beta of 1.09. The company’s 50 day moving average is $359.43 and its 200 day moving average is $368.85.

Amerco (NASDAQ:UHAL) last released its earnings results on Wednesday, May 24th. The transportation company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by $1.51. Amerco had a net margin of 11.64% and a return on equity of 14.02%. The business had revenue of $708.80 million for the quarter, compared to analysts’ expectations of $702.54 million. During the same period last year, the firm earned $2.68 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that Amerco will post $22.00 EPS for the current year.

The firm also recently announced a special dividend, which will be paid on Thursday, August 3rd. Shareholders of record on Thursday, July 20th will be paid a dividend of $1.00 per share. The ex-dividend date is Tuesday, July 18th.

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Separately, BidaskClub cut shares of Amerco from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd.

In other Amerco news, major shareholder Grove Holdings Lp Willow bought 2,000 shares of the stock in a transaction on Tuesday, May 30th. The shares were bought at an average price of $352.87 per share, with a total value of $705,740.00. Following the purchase, the insider now directly owns 7,562,884 shares in the company, valued at approximately $2,668,714,877.08. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 and eMove Websites.

Institutional Ownership by Quarter for Amerco (NASDAQ:UHAL)

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