Two Sigma Advisers LP increased its stake in shares of AMERCO (NASDAQ:UHAL) by 147.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,737 shares of the transportation company’s stock after buying an additional 6,400 shares during the quarter. Two Sigma Advisers LP owned about 0.05% of AMERCO worth $4,058,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado grew its holdings 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 valued at $123,000 after buying an additional 168 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of AMERCO during the fourth quarter valued at $151,000. Cubist Systematic Strategies LLC purchased a new stake in shares of AMERCO during the third quarter valued at $210,000. Neuberger Berman Group LLC purchased a new stake in shares of AMERCO during the third quarter valued at $222,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of AMERCO by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 656 shares of the transportation company’s stock valued at $241,000 after buying an additional 60 shares during the last quarter. 35.30% of the stock is currently owned by hedge funds and other institutional investors.
In other AMERCO news, Director Karl A. Schmidt purchased 1,000 shares of the stock in a transaction on Tuesday, February 20th. The shares were bought at an average cost of $353.97 per share, with a total value of $353,970.00. Following the completion of the acquisition, the director now owns 1,300 shares in the company, valued at $460,161. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 42.60% of the stock is currently owned by corporate insiders.
AMERCO (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, February 7th. The transportation company reported $2.34 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 business had revenue of $842.88 million during the quarter, compared to analysts’ expectations of $784.80 million. During the same period in the previous year, the company posted $3.33 earnings per share. AMERCO’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts anticipate that AMERCO will post 22.65 earnings per share for the current year.
The firm also recently declared a special dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 22nd.
Several research firms have commented on UHAL. BidaskClub lowered shares of AMERCO from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 19th. ValuEngine lowered shares of AMERCO from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.
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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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