BNP Paribas Arbitrage SA Sells 3,892 Shares of AMERCO (UHAL)
BNP Paribas Arbitrage SA trimmed its holdings in AMERCO (NASDAQ:UHAL) by 82.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 825 shares of the transportation company’s stock after selling 3,892 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in AMERCO were worth $309,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of AMERCO by 1.6% in the second quarter. Vanguard Group Inc. now owns 476,587 shares of the transportation company’s stock worth $174,460,000 after buying an additional 7,690 shares during the period. Abrams Capital Management L.P. increased its stake in shares of AMERCO by 46.3% in the second quarter. Abrams Capital Management L.P. now owns 394,610 shares of the transportation company’s stock worth $144,451,000 after buying an additional 124,918 shares during the period. Principal Financial Group Inc. increased its stake in shares of AMERCO by 8.6% in the third quarter. Principal Financial Group Inc. now owns 255,019 shares of the transportation company’s stock worth $95,606,000 after buying an additional 20,275 shares during the period. Newtyn Management LLC increased its stake in shares of AMERCO by 1.3% in the second quarter. Newtyn Management LLC now owns 157,000 shares of the transportation company’s stock worth $57,471,000 after buying an additional 2,000 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in shares of AMERCO in the second quarter worth $32,388,000. Hedge funds and other institutional investors own 30.74% of the company’s stock.
AMERCO (NASDAQ UHAL) opened at $379.66 on Wednesday. The company has a quick ratio of 2.37, a current ratio of 2.60 and a debt-to-equity ratio of 1.12. AMERCO has a one year low of $338.30 and a one year high of $400.99. The company has a market cap of $7,457.43, a price-to-earnings ratio of 22.88 and a beta of 1.11.
AMERCO (NASDAQ:UHAL) last issued its quarterly earnings data on Wednesday, November 8th. The transportation company reported $6.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $7.18 by ($0.82). The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $975.90 million. AMERCO had a net margin of 9.30% and a return on equity of 11.28%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.01 earnings per share. analysts anticipate that AMERCO will post 22.6 EPS for the current year.
The business also recently disclosed a special dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 20th.
Several research analysts recently commented on the stock. BidaskClub raised shares of AMERCO from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 6th. ValuEngine downgraded shares of AMERCO from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.
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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