Insider Buying: Amerco (UHAL) Director Purchases 100 Shares of Stock
Amerco (NASDAQ:UHAL) Director James J. Grogan purchased 100 shares of Amerco stock in a transaction that occurred on Thursday, February 16th. The shares were bought at an average cost of $384.75 per share, for a total transaction of $38,475.00. Following the completion of the transaction, the director now directly owns 50 shares in the company, valued at approximately $19,237.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Amerco (NASDAQ:UHAL) opened at 383.87 on Friday. The company’s 50-day moving average price is $373.17 and its 200 day moving average price is $350.29. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 17.03 and a beta of 1.27. Amerco has a 52-week low of $307.80 and a 52-week high of $399.16.
Amerco (NASDAQ:UHAL) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $3.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by $0.82. The business earned $790.68 million during the quarter, compared to analysts’ expectations of $775.14 million. Amerco had a return on equity of 16.14% and a net margin of 13.00%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.17 earnings per share. Equities research analysts predict that Amerco will post $21.06 earnings per share for the current year.
The firm also recently disclosed a special dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, February 23rd will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, February 21st.
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Large investors have recently made changes to their positions in the company. Skylands Capital LLC increased its stake in shares of Amerco by 2.6% in the third quarter. Skylands Capital LLC now owns 36,340 shares of the company’s stock valued at $11,783,000 after buying an additional 925 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Amerco by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 19,206 shares of the company’s stock valued at $7,194,000 after buying an additional 1,084 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Amerco by 71.3% in the second quarter. Stifel Financial Corp now owns 5,734 shares of the company’s stock valued at $2,147,000 after buying an additional 2,386 shares in the last quarter. Amalgamated Bank increased its stake in shares of Amerco by 3.7% in the second quarter. Amalgamated Bank now owns 887 shares of the company’s stock valued at $311,000 after buying an additional 32 shares in the last quarter. Finally, Claar Advisors LLC acquired a new stake in shares of Amerco during the second quarter valued at about $9,563,000. 28.24% of the stock is owned by hedge funds and other institutional investors.
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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