Prudential Financial Inc. reduced its stake in shares of Amerco (NASDAQ:UHAL) by 42.3% during the second quarter, Holdings Channel reports. The firm owned 17,307 shares of the company’s stock after selling 12,700 shares during the period. Prudential Financial Inc. owned approximately 0.09% of Amerco worth $6,482,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its stake in shares of Amerco by 36.1% in the second quarter. BNP Paribas Arbitrage SA now owns 332 shares of the company’s stock valued at $124,000 after buying an additional 88 shares during the period. MU Investments Co. Ltd. increased its stake in shares of Amerco by 11.4% in the second quarter. MU Investments Co. Ltd. now owns 490 shares of the company’s stock valued at $183,000 after buying an additional 50 shares during the period. LS Investment Advisors LLC increased its stake in shares of Amerco by 8.7% in the second quarter. LS Investment Advisors LLC now owns 526 shares of the company’s stock valued at $197,000 after buying an additional 42 shares during the period. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Amerco during the second quarter valued at about $207,000. Finally, Teacher Retirement System of Texas increased its stake in shares of Amerco by 31.8% in the second quarter. Teacher Retirement System of Texas now owns 560 shares of the company’s stock valued at $210,000 after buying an additional 135 shares during the period. 28.15% of the stock is owned by institutional investors.
Shares of Amerco (NASDAQ:UHAL) opened at 337.00 on Tuesday. The stock’s 50 day moving average is $334.93 and its 200-day moving average is $357.67. Amerco has a 52-week low of $305.66 and a 52-week high of $436.89. The firm has a market cap of $6.61 billion, a P/E ratio of 14.20 and a beta of 1.38.
Amerco (NASDAQ:UHAL) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $7.51 EPS for the quarter, missing the Zacks’ consensus estimate of $8.72 by $1.21. Amerco had a return on equity of 19.28% and a net margin of 14.03%. The business had revenue of $923.40 million for the quarter, compared to analyst estimates of $941.32 million. During the same quarter in the previous year, the business posted $8.74 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Amerco will post $23.64 earnings per share for the current fiscal year.
Separately, CL King downgraded shares of Amerco from a “strong-buy” rating to a “buy” rating and lowered their price objective for the company from $449.00 to $405.00 in a research report on Friday, August 5th.
In other Amerco news, Director Daniel Robert Mullen sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $352.00, for a total transaction of $352,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 52.00% 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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