Amerco (UHAL) Stake Increased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC increased its position in shares of Amerco (NASDAQ:UHAL) by 24.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,393 shares of the transportation company’s stock after buying an additional 26,385 shares during the period. Amerco comprises approximately 2.6% of Kovitz Investment Group Partners LLC’s portfolio, making the stock its 18th largest position. Kovitz Investment Group Partners LLC owned 0.68% of Amerco worth $48,464,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Watermark Asset Management Inc. bought a new stake in shares of Amerco during the first quarter worth about $124,000. Macquarie Group Ltd. bought a new stake in shares of Amerco during the fourth quarter worth about $148,000. UBS Group AG raised its stake in shares of Amerco by 98.4% in the first quarter. UBS Group AG now owns 508 shares of the transportation company’s stock worth $194,000 after buying an additional 252 shares in the last quarter. Pennsylvania Trust Co bought a new stake in shares of Amerco during the first quarter worth about $200,000. Finally, Comerica Bank bought a new stake in shares of Amerco during the first quarter worth about $201,000. 30.01% of the stock is owned by hedge funds and other institutional investors.

Amerco (NASDAQ UHAL) traded down 0.67% during mid-day trading on Friday, reaching $356.39. 76,162 shares of the company were exchanged. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 18.49 and a beta of 1.10. The stock’s 50-day moving average price is $372.69 and its 200-day moving average price is $369.73. Amerco has a 1-year low of $307.80 and a 1-year high of $398.94.

Amerco (NASDAQ:UHAL) last posted its earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.46 by $0.02. The business had revenue of $957.93 million for 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%. Amerco’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.51 EPS. On average, equities research analysts anticipate that Amerco will post $20.36 EPS for the current fiscal year.

The business also recently announced a special dividend, which was paid on Thursday, August 3rd. Stockholders of record on Thursday, July 20th were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, July 18th.

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Separately, BidaskClub raised shares of Amerco from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th.

In other Amerco news, major shareholder Grove Holdings Lp Willow acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average price of $352.87 per share, with a total value of $705,740.00. Following the completion of the acquisition, the insider now directly owns 7,562,884 shares of the company’s stock, valued at approximately $2,668,714,877.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 42.60% 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.

Institutional Ownership by Quarter for Amerco (NASDAQ:UHAL)

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