Brandes Investment Partners LP Takes Position in Amerco (UHAL)

Brandes Investment Partners LP bought a new stake in Amerco (NASDAQ:UHAL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 32,184 shares of the transportation company’s stock, valued at approximately $11,781,000. Brandes Investment Partners LP owned about 0.16% of Amerco as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Swiss National Bank increased its holdings in Amerco by 4.1% in the 2nd quarter. Swiss National Bank now owns 25,200 shares of the transportation company’s stock valued at $9,225,000 after purchasing an additional 1,000 shares during the last quarter. Gratus Capital LLC acquired a new position in shares of Amerco in the second quarter worth $1,270,000. Principal Financial Group Inc. grew its stake in shares of Amerco by 32.7% in the second quarter. Principal Financial Group Inc. now owns 234,744 shares of the transportation company’s stock worth $85,930,000 after acquiring an additional 57,791 shares in the last quarter. Capital Analysts LLC acquired a new position in shares of Amerco in the second quarter worth $338,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Amerco by 13.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,269 shares of the transportation company’s stock worth $465,000 after acquiring an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 30.03% of the company’s stock.

Several research firms have recently issued reports on UHAL. ValuEngine raised shares of Amerco from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. BidaskClub raised shares of Amerco from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st.

Shares of Amerco (NASDAQ UHAL) opened at 387.53 on Friday. Amerco has a 12 month low of $307.80 and a 12 month high of $398.94. The stock has a market capitalization of $7.60 billion, a PE ratio of 20.11 and a beta of 1.12. The company has a 50-day moving average of $377.16 and a 200-day moving average of $369.19.

Amerco (NASDAQ:UHAL) last announced its earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $6.46 by ($0.02). Amerco had a return on equity of 12.85% and a net margin of 10.92%. The company had revenue of $957.93 million for the quarter, compared to the consensus estimate of $943.57 million. During the same period last year, the firm posted $7.51 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that Amerco will post $20.36 EPS for the current fiscal year.

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About Amerco

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.

Institutional Ownership by Quarter for Amerco (NASDAQ:UHAL)

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