UBS Group AG Has $194,000 Stake in Amerco (UHAL)
UBS Group AG boosted its position in Amerco (NASDAQ:UHAL) by 98.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 508 shares of the transportation company’s stock after buying an additional 252 shares during the period. UBS Group AG’s holdings in Amerco were worth $194,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the company. Guggenheim Capital LLC increased its position in shares of Amerco by 33.3% in the fourth quarter. Guggenheim Capital LLC now owns 3,661 shares of the transportation company’s stock worth $1,353,000 after buying an additional 915 shares during the last quarter. Norges Bank purchased a new position in shares of Amerco during the fourth quarter worth approximately $19,962,000. UBS Asset Management Americas Inc. increased its position in shares of Amerco by 1.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 11,087 shares of the transportation company’s stock worth $4,097,000 after buying an additional 176 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Amerco by 7.3% in the fourth quarter. Teachers Advisors LLC now owns 5,804 shares of the transportation company’s stock worth $2,145,000 after buying an additional 394 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new position in shares of Amerco during the fourth quarter worth approximately $148,000. Institutional investors own 29.83% of the company’s stock.
Shares of Amerco (NASDAQ UHAL) traded down 0.16% during trading on Tuesday, reaching $392.79. 796 shares of the company’s stock were exchanged. The company’s 50-day moving average is $361.45 and its 200 day moving average is $369.20. The stock has a market capitalization of $7.70 billion, a PE ratio of 19.31 and a beta of 1.10. Amerco has a 52 week low of $307.80 and a 52 week high of $398.90.
Amerco (NASDAQ:UHAL) last posted its earnings results on Wednesday, May 24th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by $1.51. The company had revenue of $708.80 million during the quarter, compared to the consensus estimate of $702.54 million. Amerco had a net margin of 11.64% and a return on equity of 14.02%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.68 earnings per share. On average, analysts forecast that Amerco will post $22.00 earnings per share for the current year.
The business also recently announced a special dividend, which was paid on Thursday, August 3rd. Shareholders of record on Thursday, July 20th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, July 18th.
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Separately, BidaskClub downgraded shares of Amerco from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd.
In related news, major shareholder Grove Holdings Lp Willow bought 2,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $352.87 per share, for a total transaction of $705,740.00. Following the completion of the purchase, the insider now owns 7,562,884 shares of the company’s stock, valued at approximately $2,668,714,877.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 42.60% of the company’s stock.
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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