APG Asset Management N.V. cut its stake in Amerco (NASDAQ:UHAL) by 49.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,318 shares of the company’s stock after selling 3,300 shares during the period. APG Asset Management N.V.’s holdings in Amerco were worth $1,076,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Ridge Investment Management purchased a new position in Amerco during the third quarter worth approximately $375,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in Amerco by 5,857.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 65,529 shares of the company’s stock worth $3,791,000 after buying an additional 64,429 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Amerco by 3.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,013 shares of the company’s stock worth $328,000 after buying an additional 36 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new position in Amerco during the third quarter worth approximately $892,000. Finally, Denali Advisors LLC increased its position in Amerco by 34.3% in the third quarter. Denali Advisors LLC now owns 4,700 shares of the company’s stock worth $1,524,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 27.69% of the company’s stock.
Shares of Amerco (NASDAQ:UHAL) remained flat at $342.59 during mid-day trading on Thursday. The company has a 50-day moving average price of $330.41 and a 200-day moving average price of $352.93. Amerco has a 52-week low of $305.66 and a 52-week high of $436.89. The company has a market capitalization of $6.72 billion, a PE ratio of 14.65 and a beta of 1.28.
Amerco (NASDAQ:UHAL) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $8.22 earnings per share for the quarter, missing the consensus estimate of $8.78 by $0.56. The company had revenue of $998.91 million for the quarter, compared to analysts’ expectations of $1.01 billion. Amerco had a net margin of 13.67% and a return on equity of 17.49%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.36 earnings per share. Equities research analysts predict that Amerco will post $22.32 EPS for the current fiscal year.
The business also recently declared a special dividend, which was paid on Thursday, November 3rd. Investors of record on Thursday, October 20th were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, October 18th.
Separately, CL King downgraded Amerco from a “strong-buy” rating to a “buy” rating and lowered their target price for the company from $449.00 to $405.00 in a research report on Friday, August 5th.
In related news, Director Karl A. Schmidt purchased 300 shares of Amerco stock in a transaction that occurred on Friday, November 18th. The stock was bought at an average cost of $343.15 per share, for a total transaction of $102,945.00. Following the completion of the transaction, the director now owns 300 shares in the company, valued at $102,945. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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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