Los Angeles Capital Management & Equity Research Inc. lowered its stake in Amerco (NASDAQ:UHAL) by 73.3% during the second quarter, Holdings Channel reports. The institutional investor owned 850 shares of the company’s stock after selling 2,337 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Amerco were worth $318,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of UHAL. BNP Paribas Arbitrage SA increased its stake in Amerco by 36.1% in the second quarter. BNP Paribas Arbitrage SA now owns 332 shares of the company’s stock worth $124,000 after buying an additional 88 shares during the period. MU Investments Co. Ltd. increased its stake in Amerco by 11.4% in the second quarter. MU Investments Co. Ltd. now owns 490 shares of the company’s stock worth $183,000 after buying an additional 50 shares during the period. LS Investment Advisors LLC increased its stake in Amerco by 8.7% in the second quarter. LS Investment Advisors LLC now owns 526 shares of the company’s stock worth $197,000 after buying an additional 42 shares during the period. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in Amerco during the second quarter worth approximately $207,000. Finally, TD Asset Management Inc. acquired a new stake in Amerco during the second quarter worth approximately $225,000. 28.15% of the stock is owned by hedge funds and other institutional investors.
Shares of Amerco (NASDAQ:UHAL) traded up 0.11% on Wednesday, hitting $326.68. The stock had a trading volume of 35,054 shares. The company’s 50-day moving average price is $340.45 and its 200 day moving average price is $359.03. The firm has a market cap of $6.41 billion, a P/E ratio of 13.77 and a beta of 1.44. Amerco has a 12-month low of $305.66 and a 12-month high of $436.89.
Amerco (NASDAQ:UHAL) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $7.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $8.72 by $1.21. Amerco had a net margin of 14.03% and a return on equity of 19.28%. The firm earned $923.40 million during the quarter, compared to the consensus estimate of $941.32 million. During the same quarter last year, the firm posted $8.74 earnings per share. Amerco’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Amerco will post $23.64 earnings per share for the current fiscal year.
Separately, CL King downgraded Amerco from a “strong-buy” rating to a “buy” rating and reduced their target price for the company from $449.00 to $405.00 in a report on Friday, August 5th.
In other news, major shareholder James P. Shoen sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $375.28, for a total value of $11,258,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Robert Mullen sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $352.00, for a total value of $352,000.00. The disclosure for this sale can be found here. 52.00% of the stock is owned by insiders.
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.
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