Ameriprise Financial Inc. boosted its holdings in AMERCO (NASDAQ:UHAL) by 11.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,957 shares of the transportation company’s stock after acquiring an additional 404 shares during the quarter. Ameriprise Financial Inc.’s holdings in AMERCO were worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank grew its stake in AMERCO by 241.2% in the 3rd quarter. Toronto Dominion Bank now owns 290 shares of the transportation company’s stock valued at $109,000 after buying an additional 205 shares in the last quarter. Riverhead Capital Management LLC grew its stake in AMERCO by 63.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation company’s stock valued at $114,000 after buying an additional 120 shares in the last quarter. Citigroup Inc. purchased a new position in AMERCO in the 2nd quarter valued at approximately $145,000. Sciencast Management LP purchased a new position in AMERCO in the 2nd quarter valued at approximately $216,000. Finally, Quantbot Technologies LP grew its stake in AMERCO by 523.3% in the 3rd quarter. Quantbot Technologies LP now owns 642 shares of the transportation company’s stock valued at $240,000 after buying an additional 539 shares in the last quarter. Institutional investors and hedge funds own 30.70% of the company’s stock.
A number of research analysts recently weighed in on UHAL shares. ValuEngine lowered shares of AMERCO from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub upgraded shares of AMERCO from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 6th.
AMERCO (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, November 8th. The transportation company reported $6.36 EPS for the quarter, missing analysts’ consensus estimates of $7.18 by ($0.82). The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $975.90 million. AMERCO had a net margin of 9.30% and a return on equity of 11.28%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $9.01 earnings per share. sell-side analysts anticipate that AMERCO will post 22.65 earnings per share for the current fiscal year.
The company also recently declared a special dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 21st were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 20th.
In other news, Director John P. Brogan sold 200 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $381.16, for a total transaction of $76,232.00. Following the completion of the transaction, the director now directly owns 5,800 shares in the company, valued at approximately $2,210,728. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.60% of the stock is owned by insiders.
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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