4,815 Shares in Amerco (UHAL) Acquired by Vision Capital Management Inc.
Vision Capital Management Inc. acquired a new stake in shares of Amerco (NASDAQ:UHAL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,815 shares of the transportation company’s stock, valued at approximately $1,763,000.
A number of other large investors have also recently modified their holdings of UHAL. BlackRock Inc. grew its stake in Amerco by 4,120.4% during the first quarter. BlackRock Inc. now owns 297,493 shares of the transportation company’s stock valued at $113,401,000 after acquiring an additional 290,444 shares in the last quarter. Principal Financial Group Inc. grew its stake in Amerco by 24,683.3% during the first quarter. Principal Financial Group Inc. now owns 176,953 shares of the transportation company’s stock valued at $67,453,000 after acquiring an additional 176,239 shares in the last quarter. Abrams Capital Management L.P. grew its stake in Amerco by 162.2% during the first quarter. Abrams Capital Management L.P. now owns 269,692 shares of the transportation company’s stock valued at $102,804,000 after acquiring an additional 166,832 shares in the last quarter. Brandes Investment Partners LP purchased a new position in Amerco during the second quarter valued at approximately $11,781,000. Finally, Kovitz Investment Group Partners LLC grew its stake in Amerco by 24.9% during the second quarter. Kovitz Investment Group Partners LLC now owns 132,393 shares of the transportation company’s stock valued at $48,464,000 after acquiring an additional 26,385 shares in the last quarter. 30.03% of the stock is owned by institutional investors.
Shares of Amerco (NASDAQ:UHAL) traded up 0.581% during trading on Friday, reaching $385.475. 15,551 shares of the company traded hands. The company has a market capitalization of $7.56 billion, a P/E ratio of 20.003 and a beta of 1.12. Amerco has a 52 week low of $307.80 and a 52 week high of $398.94. The company’s 50-day moving average price is $377.06 and its 200-day moving average price is $369.17.
Amerco (NASDAQ:UHAL) last released its earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $6.46 by ($0.02). The firm had revenue of $957.93 million during the quarter, compared to analysts’ expectations of $943.57 million. Amerco had a return on equity of 12.85% and a net margin of 10.92%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $7.51 earnings per share. Equities research analysts forecast that Amerco will post $20.36 EPS for the current fiscal year.
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Several brokerages recently commented on UHAL. ValuEngine raised shares of Amerco from a “hold” rating to a “buy” rating in a research note on Monday. BidaskClub raised shares of Amerco from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st.
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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