BlackRock Advisors LLC Has $4,416,000 Position in Amerco (UHAL)
BlackRock Advisors LLC reduced its position in shares of Amerco (NASDAQ:UHAL) by 2.6% during the second quarter, Holdings Channel reports. The firm owned 11,790 shares of the company’s stock after selling 320 shares during the period. BlackRock Advisors LLC owned approximately 0.06% of Amerco worth $4,416,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. First Manhattan Co. boosted its stake in Amerco by 415.9% in the second quarter. First Manhattan Co. now owns 66,786 shares of the company’s stock worth $25,014,000 after buying an additional 53,841 shares during the period. Wellington Management Group LLP boosted 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 period. Goldman Sachs Group Inc. boosted 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 period. Nordea Investment Management AB boosted its stake in Amerco by 348.4% in the second quarter. Nordea Investment Management AB now owns 26,455 shares of the company’s stock worth $9,909,000 after buying an additional 20,555 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new stake in Amerco during the second quarter worth about $7,647,000. Hedge funds and other institutional investors own 28.14% of the company’s stock.
Amerco (NASDAQ:UHAL) opened at 330.68 on Wednesday. The stock has a 50 day moving average of $333.37 and a 200-day moving average of $356.91. Amerco has a 52-week low of $305.66 and a 52-week high of $436.89. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 13.94 and a beta of 1.38.
Amerco (NASDAQ:UHAL) last posted its earnings results 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 return on equity of 19.28% and a net margin of 14.03%. 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 company posted $8.74 earnings per share. Amerco’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts forecast that Amerco will post $23.64 EPS for the current year.
The company also recently declared a special dividend, which will be paid on Thursday, November 3rd. Shareholders of record on Thursday, October 20th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, October 18th.
Separately, CL King cut shares of Amerco from a “strong-buy” rating to a “buy” rating and reduced their target price for the company from $449.00 to $405.00 in a research note on Friday, August 5th.
In other Amerco news, Director Daniel Robert Mullen sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $352.00, for a total transaction of $352,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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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