Amerco (UHAL) Stake Raised by JPMorgan Chase & Co.
JPMorgan Chase & Co. raised its position in Amerco (NASDAQ:UHAL) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,048 shares of the company’s stock after buying an additional 75 shares during the period. JPMorgan Chase & Co. owned 0.15% of Amerco worth $10,879,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Wellington Management Group LLP increased its stake in Amerco by 22.8% in the first quarter. Wellington Management Group LLP now owns 252,948 shares of the company’s stock worth $90,381,000 after buying an additional 46,913 shares during the last quarter. James Investment Research Inc. increased its stake in Amerco by 4.7% in the second quarter. James Investment Research Inc. now owns 212,357 shares of the company’s stock worth $79,538,000 after buying an additional 9,485 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Amerco by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 169,949 shares of the company’s stock worth $60,724,000 after buying an additional 4,014 shares during the last quarter. State Street Corp increased its stake in Amerco by 9.1% in the first quarter. State Street Corp now owns 169,452 shares of the company’s stock worth $60,549,000 after buying an additional 14,077 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Amerco by 53.7% in the first quarter. Goldman Sachs Group Inc. now owns 109,812 shares of the company’s stock worth $39,237,000 after buying an additional 38,355 shares during the last quarter. Institutional investors own 28.15% of the company’s stock.
Shares of Amerco (NASDAQ:UHAL) traded down 0.03% on Tuesday, hitting $320.96. The stock had a trading volume of 19,848 shares. Amerco has a 12 month low of $305.66 and a 12 month high of $436.89. The stock has a market cap of $6.29 billion, a PE ratio of 13.53 and a beta of 1.38. The company has a 50 day moving average price of $337.42 and a 200-day moving average price of $358.29.
Amerco (NASDAQ:UHAL) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $7.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.72 by $1.21. Amerco had a net margin of 14.03% and a return on equity of 19.28%. The business had revenue of $923.40 million for the quarter, compared to the consensus estimate of $941.32 million. During the same period in the previous year, the firm earned $8.74 EPS. The company’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that Amerco will post $23.64 earnings per share for the current year.
Separately, CL King downgraded Amerco from a “strong-buy” rating to a “buy” rating and lowered their price target for the company from $449.00 to $405.00 in a research report on Friday, August 5th.
In other news, Director Daniel Robert Mullen sold 1,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $352.00, for a total transaction of $352,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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