Goldman Sachs Group Inc. grew its position in AMERCO (NASDAQ:UHAL) by 44.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,014 shares of the transportation company’s stock after acquiring an additional 38,309 shares during the period. Goldman Sachs Group Inc. owned about 0.63% of AMERCO worth $46,866,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank raised its position in shares of AMERCO by 241.2% in the third quarter. Toronto Dominion Bank now owns 290 shares of the transportation company’s stock worth $109,000 after acquiring an additional 205 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of AMERCO by 106.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 326 shares of the transportation company’s stock worth $123,000 after purchasing an additional 168 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of AMERCO during the fourth quarter worth about $151,000. Cubist Systematic Strategies LLC purchased a new stake in shares of AMERCO during the third quarter worth about $210,000. Finally, Neuberger Berman Group LLC purchased a new stake in shares of AMERCO during the third quarter worth about $222,000. Institutional investors and hedge funds own 35.30% of the company’s stock.
A number of analysts have recently commented on UHAL shares. BidaskClub raised shares of AMERCO from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 6th. ValuEngine cut shares of AMERCO from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.
Shares of AMERCO (UHAL) opened at $343.92 on Tuesday. The company has a market cap of $6,744.10, a PE ratio of 8.54 and a beta of 1.04. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.93 and a current ratio of 3.13. AMERCO has a one year low of $326.30 and a one year high of $400.99.
AMERCO (NASDAQ:UHAL) last released its earnings results on Wednesday, February 7th. The transportation company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $9.20 by ($6.86). The company had revenue of $842.88 million for the quarter, compared to analysts’ expectations of $784.80 million. AMERCO had a return on equity of 9.96% and a net margin of 22.22%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.33 EPS. research analysts forecast that AMERCO will post 22.65 EPS for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, March 22nd.
In related news, Director Karl A. Schmidt bought 1,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average price of $353.97 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 42.60% of the stock is owned by insiders.
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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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