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.
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.
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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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