LS Investment Advisors LLC Has $161,000 Position in Amerco (NASDAQ:UHAL)
LS Investment Advisors LLC maintained its stake in Amerco (NASDAQ:UHAL) during the second quarter, Holdings Channel reports. The fund owned 441 shares of the transportation company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Amerco were worth $161,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in UHAL. Genesee Valley Trust Co. increased its position in shares of Amerco by 0.8% in the first quarter. Genesee Valley Trust Co. now owns 616 shares of the transportation company’s stock worth $234,000 after buying an additional 5 shares during the last quarter. Tdam USA Inc. increased its position in shares of Amerco by 0.5% in the first quarter. Tdam USA Inc. now owns 3,310 shares of the transportation company’s stock worth $1,262,000 after buying an additional 16 shares during the last quarter. Investment House LLC increased its position in shares of Amerco by 6.7% in the first quarter. Investment House LLC now owns 795 shares of the transportation company’s stock worth $303,000 after buying an additional 50 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Amerco by 3.7% in the first quarter. SG Americas Securities LLC now owns 1,532 shares of the transportation company’s stock worth $584,000 after buying an additional 55 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in shares of Amerco by 0.5% in the first quarter. Jupiter Asset Management Ltd. now owns 13,646 shares of the transportation company’s stock worth $5,202,000 after buying an additional 62 shares during the last quarter. 29.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Amerco (NASDAQ:UHAL) traded up 0.10% on Wednesday, hitting $389.00. The stock had a trading volume of 44,094 shares. Amerco has a 12 month low of $307.80 and a 12 month high of $398.94. The company’s 50 day moving average price is $365.20 and its 200-day moving average price is $369.72. The company has a market cap of $7.63 billion, a P/E ratio of 19.12 and a beta of 1.10.
Amerco (NASDAQ:UHAL) last issued its quarterly earnings results on Wednesday, May 24th. The transportation company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $2.00 by $1.51. Amerco had a return on equity of 14.02% and a net margin of 11.64%. The firm had revenue of $708.80 million for the quarter, compared to analyst estimates of $702.54 million. During the same period in the prior year, the firm posted $2.68 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. On average, analysts expect that Amerco will post $22.00 earnings per share for the current year.
The company also recently declared a special dividend, which was paid on Thursday, August 3rd. Shareholders of record on Thursday, July 20th were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, July 18th.
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Separately, BidaskClub raised Amerco from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st.
In other news, major shareholder Grove Holdings Lp Willow purchased 2,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was bought at an average price of $352.87 per share, with a total value of $705,740.00. Following the transaction, the insider now owns 7,562,884 shares in the company, valued at approximately $2,668,714,877.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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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