Trade Report: The Amerco Announces Special Dividend of $1.00 (UHAL)

The Amerco Announces Special Dividend of $1.00 (UHAL)

Amerco (NASDAQ:UHAL) announced a special dividend on Wednesday, October 12th. Investors of record on Thursday, October 20th will be paid a dividend of 1.00 per share on Thursday, November 3rd. The ex-dividend date of this dividend is Tuesday, October 18th.

Shares of Amerco (NASDAQ:UHAL) opened at 338.75 on Thursday. The company’s 50-day moving average price is $334.12 and its 200 day moving average price is $357.39. The company has a market cap of $6.64 billion, a P/E ratio of 14.28 and a beta of 1.38. Amerco has a 52 week low of $305.66 and a 52 week high of $436.89.

Amerco (NASDAQ:UHAL) last announced its earnings results on Wednesday, August 3rd. The company reported $7.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $923.40 million for the quarter, compared to analyst estimates of $941.32 million. During the same period in the prior year, the company earned $8.74 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Amerco will post $23.64 earnings per share for the current fiscal year.

Separately, CL King lowered 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 research report on Friday, August 5th.

In other news, Director Daniel Robert Mullen sold 1,000 shares of the 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 SEC, which is available through this link. 52.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. purchased a new position in shares of Amerco during the second quarter worth $200,000. Zacks Investment Management purchased a new position in shares of Amerco during the second quarter worth $202,000. GAM Holding AG raised its position in shares of Amerco by 83.4% in the second quarter. GAM Holding AG now owns 543 shares of the company’s stock worth $203,000 after buying an additional 247 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Amerco during the second quarter worth $225,000. Finally, Pacer Advisors Inc. raised its position in shares of Amerco by 516.0% in the second quarter. Pacer Advisors Inc. now owns 733 shares of the company’s stock worth $274,000 after buying an additional 614 shares in the last quarter. 28.15% of the stock is currently owned by institutional investors and hedge funds.

Amerco Company Profile

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