Neuberger Berman Group LLC Purchases New Position in AMERCO (UHAL)

Neuberger Berman Group LLC bought a new position in shares of AMERCO (NASDAQ:UHAL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 593 shares of the transportation company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also modified their holdings of UHAL. Russell Investments Group Ltd. boosted its stake in shares of AMERCO by 268.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,237 shares of the transportation company’s stock worth $1,551,000 after acquiring an additional 3,087 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of AMERCO by 14.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 24,688 shares of the transportation company’s stock worth $9,038,000 after acquiring an additional 3,136 shares during the period. Legal & General Group Plc boosted its stake in shares of AMERCO by 17.9% during the 2nd quarter. Legal & General Group Plc now owns 8,019 shares of the transportation company’s stock worth $2,936,000 after acquiring an additional 1,217 shares during the period. Blair William & Co. IL bought a new position in shares of AMERCO during the 2nd quarter worth approximately $201,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of AMERCO by 16.0% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 5,880 shares of the transportation company’s stock worth $2,152,000 after acquiring an additional 810 shares during the period. Institutional investors own 30.70% of the company’s stock.

UHAL has been the subject of several research analyst reports. ValuEngine upgraded AMERCO from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. BidaskClub upgraded AMERCO from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 6th.

Shares of AMERCO (UHAL) opened at $375.48 on Friday. The firm has a market capitalization of $7,410.00, a P/E ratio of 22.59 and a beta of 1.11. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.37 and a current ratio of 2.60. AMERCO has a fifty-two week low of $338.30 and a fifty-two week high of $400.99.

AMERCO (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, November 8th. The transportation company reported $6.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $7.18 by ($0.82). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $975.90 million. AMERCO had a return on equity of 11.28% and a net margin of 9.30%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $9.01 earnings per share. analysts predict that AMERCO will post 22.65 earnings per share for the current year.

The business also recently disclosed a special dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, December 21st were issued a $0.50 dividend. The ex-dividend date was Wednesday, December 20th.

In other AMERCO news, Director John P. Brogan sold 200 shares of AMERCO stock in a transaction on Monday, December 18th. The stock was sold at an average price of $381.16, for a total value of $76,232.00. Following the completion of the transaction, the director now directly owns 5,800 shares of the company’s stock, valued at approximately $2,210,728. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.60% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: This story was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.chaffeybreeze.com/2018/01/06/neuberger-berman-group-llc-purchases-new-position-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.

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