Victory Capital Management Inc. increased its position in Amerco (NASDAQ:UHAL) by 5.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,273 shares of the company’s stock after buying an additional 120 shares during the period. Victory Capital Management Inc.’s holdings in Amerco were worth $851,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Amerco by 22.8% in the first quarter. Wellington Management Group LLP now owns 252,948 shares of the company’s stock valued at $90,381,000 after buying an additional 46,913 shares in the last quarter. James Investment Research Inc. boosted its stake in Amerco by 4.7% in the second quarter. James Investment Research Inc. now owns 212,357 shares of the company’s stock valued at $79,538,000 after buying an additional 9,485 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Amerco by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 169,949 shares of the company’s stock valued at $60,724,000 after buying an additional 4,014 shares in the last quarter. State Street Corp boosted its stake in Amerco by 9.1% in the first quarter. State Street Corp now owns 169,452 shares of the company’s stock valued at $60,549,000 after buying an additional 14,077 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Amerco by 53.7% in the first quarter. Goldman Sachs Group Inc. now owns 109,812 shares of the company’s stock valued at $39,237,000 after buying an additional 38,355 shares in the last quarter. 28.15% of the stock is owned by institutional investors.
Amerco (NASDAQ:UHAL) traded down 0.13% during mid-day trading on Friday, hitting $337.54. The stock had a trading volume of 39,893 shares. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 14.23 and a beta of 1.44. The company has a 50-day moving average of $341.79 and a 200-day moving average of $359.09. Amerco has a 12-month low of $305.66 and a 12-month high of $436.89.
Amerco (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $7.51 EPS for the quarter, missing the Thomson Reuters’ 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 earned $923.40 million during the quarter, compared to analyst estimates of $941.32 million. During the same quarter last year, the firm posted $8.74 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. On average, analysts anticipate that Amerco will post $23.64 earnings per share for the current fiscal year.
Separately, CL King cut Amerco from a “strong-buy” rating to a “buy” rating and reduced their price target for the company from $449.00 to $405.00 in a report on Friday, August 5th.
In related news, Director Daniel Robert Mullen sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $352.00, for a total value of $352,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder James P. Shoen sold 30,000 shares of the business’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $375.28, for a total value of $11,258,400.00. The disclosure for this sale can be found here. 52.00% of the stock is owned by corporate 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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