Amerco (UHAL) Declares Special Dividend of $1.00
Amerco (NASDAQ:UHAL) announced a special dividend on Wednesday, October 12th. Stockholders of record on Thursday, October 20th will be given a dividend of 1.00 per share on Thursday, November 3rd. The ex-dividend date is Tuesday, October 18th.
Amerco (NASDAQ:UHAL) traded up 0.22% during midday trading on Wednesday, hitting $338.75. 39,115 shares of the stock traded hands. The stock’s 50-day moving average price is $334.57 and its 200 day moving average price is $357.53. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 14.28 and a beta of 1.38. Amerco has a 52 week low of $305.66 and a 52 week high of $436.89.
Amerco (NASDAQ:UHAL) last announced its earnings results on Wednesday, August 3rd. The company reported $7.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.72 by $1.21. Amerco had a net margin of 14.03% and a return on equity of 19.28%. The company had revenue of $923.40 million for the quarter, compared to the consensus estimate of $941.32 million. During the same quarter in the previous year, the firm earned $8.74 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Amerco will post $23.64 EPS for the current year.
Separately, CL King lowered shares of Amerco from a “strong-buy” rating to a “buy” rating and dropped their target price for the company from $449.00 to $405.00 in a research report on Friday, August 5th.
In other Amerco news, Director Daniel Robert Mullen sold 1,000 shares of Amerco stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 52.00% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Amerco by 51.4% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,626 shares of the company’s stock valued at $3,980,000 after buying an additional 3,607 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Amerco by 4.4% in the second quarter. AQR Capital Management LLC now owns 127,512 shares of the company’s stock worth $47,760,000 after buying an additional 5,391 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Amerco by 5.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,245 shares of the company’s stock worth $2,714,000 after buying an additional 391 shares during the last quarter. Paloma Partners Management Co raised its stake in shares of Amerco by 22.4% in the second quarter. Paloma Partners Management Co now owns 2,938 shares of the company’s stock worth $1,101,000 after buying an additional 538 shares during the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of Amerco during the second quarter worth $202,000. Institutional investors and hedge funds own 28.15% 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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