Mizuho Trust & Banking Co. Ltd. maintained its stake in shares of Amerco (NASDAQ:UHAL) during the third quarter, Holdings Channel reports. The firm owned 11,284 shares of the company’s stock at the end of the third quarter. Mizuho Trust & Banking Co. Ltd. owned 0.06% of Amerco worth $3,659,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised 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 in the last quarter. MU Investments Co. Ltd. raised 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 in the last quarter. LS Investment Advisors LLC raised 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 in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Amerco during the second quarter valued at approximately $200,000. Finally, Zacks Investment Management bought a new stake in shares of Amerco during the second quarter valued at approximately $202,000. 27.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amerco (NASDAQ:UHAL) traded up 0.70% during mid-day trading on Friday, reaching $345.00. 11,142 shares of the company’s stock traded hands. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 14.76 and a beta of 1.28. The firm’s 50 day moving average price is $330.68 and its 200-day moving average price is $352.82. Amerco has a 12-month low of $305.66 and a 12-month high of $433.17.
Amerco (NASDAQ:UHAL) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $8.22 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.36 earnings per share. Equities research analysts forecast that Amerco will post $22.32 earnings per share for the current year.
The firm also recently announced a special dividend, which was paid on Thursday, November 3rd. Stockholders of record on Thursday, October 20th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, October 18th.
Separately, CL King lowered shares of Amerco from a “strong-buy” rating to a “buy” rating and lowered their price objective for the stock from $449.00 to $405.00 in a research report on Friday, August 5th.
In other Amerco news, Director Karl A. Schmidt bought 300 shares of Amerco stock in a transaction dated Friday, November 18th. The shares were purchased at an average cost of $343.15 per share, with a total value of $102,945.00. Following the transaction, the director now directly owns 300 shares of the company’s stock, valued at $102,945. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 52.00% of the stock is currently owned by insiders.
Amerco Company Profile
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.