Nomura Asset Management Co. Ltd. raised its stake in AMERCO (NASDAQ:UHAL) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,550 shares of the transportation company’s stock after acquiring an additional 300 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in AMERCO were worth $509,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its stake in AMERCO by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 34,135 shares of the transportation company’s stock worth $12,157,000 after buying an additional 2,400 shares in the last quarter. SG Americas Securities LLC grew its stake in AMERCO by 152.0% in the 3rd quarter. SG Americas Securities LLC now owns 1,328 shares of the transportation company’s stock worth $474,000 after buying an additional 801 shares in the last quarter. Janus Henderson Group PLC grew its stake in AMERCO by 9.1% in the 3rd quarter. Janus Henderson Group PLC now owns 73,778 shares of the transportation company’s stock worth $26,313,000 after buying an additional 6,183 shares in the last quarter. Third Avenue Management LLC grew its stake in AMERCO by 0.3% in the 3rd quarter. Third Avenue Management LLC now owns 87,659 shares of the transportation company’s stock worth $31,264,000 after buying an additional 221 shares in the last quarter. Finally, BlackRock Inc. grew its stake in AMERCO by 4.4% in the 3rd quarter. BlackRock Inc. now owns 381,896 shares of the transportation company’s stock worth $136,202,000 after buying an additional 16,020 shares in the last quarter. 37.38% of the stock is owned by institutional investors.
A number of equities analysts have commented on UHAL shares. BidaskClub cut shares of AMERCO from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 4th. ValuEngine raised shares of AMERCO from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st.
AMERCO (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, February 6th. The transportation company reported $4.01 EPS for the quarter, topping the Zacks’ consensus estimate of $3.55 by $0.46. The business had revenue of $919.09 million during the quarter, compared to analysts’ expectations of $866.87 million. AMERCO had a net margin of 10.02% and a return on equity of 10.27%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.34 EPS. As a group, equities research analysts forecast that AMERCO will post 18.04 earnings per share for the current fiscal year.
The firm also recently disclosed a special dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st will be issued a $0.50 dividend. The ex-dividend date is Wednesday, March 20th.
In other news, General Counsel Respino Laurence J. De sold 86 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $375.20, for a total value of $32,267.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 42.60% of the company’s stock.
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AMERCO Company Profile
AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.
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