Candriam Luxembourg S.C.A. Invests $402,000 in Amerco (UHAL)
Candriam Luxembourg S.C.A. acquired a new stake in Amerco (NASDAQ:UHAL) during the second quarter, Holdings Channel reports. The firm acquired 1,097 shares of the transportation company’s stock, valued at approximately $402,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Genesee Valley Trust Co. raised its position in Amerco by 0.8% in the first quarter. Genesee Valley Trust Co. now owns 616 shares of the transportation company’s stock valued at $234,000 after buying an additional 5 shares during the period. Tdam USA Inc. raised its position in Amerco by 0.5% in the first quarter. Tdam USA Inc. now owns 3,310 shares of the transportation company’s stock valued at $1,262,000 after buying an additional 16 shares during the period. Investment House LLC raised its position in Amerco by 6.7% in the first quarter. Investment House LLC now owns 795 shares of the transportation company’s stock valued at $303,000 after buying an additional 50 shares during the period. US Bancorp DE raised its position in Amerco by 4.4% in the second quarter. US Bancorp DE now owns 1,176 shares of the transportation company’s stock valued at $431,000 after buying an additional 50 shares during the period. Finally, Janney Capital Management LLC raised its position in Amerco by 8.7% in the second quarter. Janney Capital Management LLC now owns 640 shares of the transportation company’s stock valued at $234,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 30.01% of the company’s stock.
Amerco (UHAL) opened at 375.56 on Wednesday. The company’s 50 day moving average is $371.82 and its 200 day moving average is $369.96. Amerco has a 1-year low of $307.80 and a 1-year high of $398.94. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 19.49 and a beta of 1.10.
Amerco (NASDAQ:UHAL) last issued its earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $6.46 by $0.02. The firm had revenue of $957.93 million during the quarter, compared to analyst estimates of $943.57 million. Amerco had a net margin of 10.92% and a return on equity of 12.85%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $7.51 EPS. Equities research analysts forecast that Amerco will post $20.36 EPS for the current year.
The company also recently announced a special dividend, which was paid on Thursday, August 3rd. Investors of record on Thursday, July 20th were issued a $1.00 dividend. The ex-dividend date was Tuesday, July 18th.
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Separately, BidaskClub lowered shares of Amerco from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd.
In other news, major shareholder Grove Holdings Lp Willow bought 2,000 shares of Amerco stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average price of $352.87 per share, with a total value of $705,740.00. Following the completion of the acquisition, the insider now directly owns 7,562,884 shares in the company, valued at $2,668,714,877.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.60% of the stock is owned by company insiders.
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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