Kovitz Investment Group Partners LLC increased its position in shares of AMERCO (NASDAQ:UHAL) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,729 shares of the transportation company’s stock after buying an additional 3,579 shares during the period. AMERCO comprises approximately 2.3% of Kovitz Investment Group Partners LLC’s holdings, making the stock its 17th largest holding. Kovitz Investment Group Partners LLC owned about 0.71% of AMERCO worth $52,805,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in UHAL. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of AMERCO during the fourth quarter valued at $155,630,000. Gruss Capital Management LP increased its stake in shares of AMERCO by 71.7% during the fourth quarter. Gruss Capital Management LP now owns 103,000 shares of the transportation company’s stock valued at $38,925,000 after buying an additional 43,000 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of AMERCO by 44.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 124,014 shares of the transportation company’s stock valued at $46,866,000 after buying an additional 38,309 shares during the period. Renaissance Technologies LLC increased its stake in shares of AMERCO by 80.4% during the fourth quarter. Renaissance Technologies LLC now owns 36,565 shares of the transportation company’s stock valued at $13,818,000 after buying an additional 16,299 shares during the period. Finally, Denali Advisors LLC increased its stake in shares of AMERCO by 157.8% during the fourth quarter. Denali Advisors LLC now owns 23,200 shares of the transportation company’s stock valued at $8,768,000 after buying an additional 14,200 shares during the period. Hedge funds and other institutional investors own 35.30% of the company’s stock.
In related news, Director Karl A. Schmidt bought 1,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were bought at an average price of $353.97 per share, for a total transaction of $353,970.00. Following the completion of the purchase, the director now directly owns 1,300 shares of the company’s stock, valued at $460,161. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 42.60% of the stock is owned by insiders.
AMERCO stock traded down $2.35 on Thursday, reaching $339.71. The company’s stock had a trading volume of 101,682 shares, compared to its average volume of 73,381. AMERCO has a 52 week low of $326.30 and a 52 week high of $400.99. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.13 and a quick ratio of 2.93. The stock has a market capitalization of $6,694.69, a price-to-earnings ratio of 21.84 and a beta of 1.04.
AMERCO (NASDAQ:UHAL) last posted its earnings results on Wednesday, February 7th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.20 by ($6.86). AMERCO had a net margin of 22.22% and a return on equity of 9.96%. The company had revenue of $842.88 million during the quarter, compared to analysts’ expectations of $784.80 million. During the same quarter last year, the firm earned $3.33 EPS. AMERCO’s revenue for the quarter was up 6.6% on a year-over-year basis. research analysts predict that AMERCO will post 22.65 earnings per share for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 22nd.
UHAL has been the topic of several research reports. BidaskClub upgraded AMERCO from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. ValuEngine upgraded AMERCO from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.
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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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