Parametrica Management Ltd Sells 1,183 Shares of Amerco (UHAL)
Parametrica Management Ltd lessened its holdings in Amerco (NASDAQ:UHAL) by 49.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,227 shares of the transportation company’s stock after selling 1,183 shares during the quarter. Parametrica Management Ltd’s holdings in Amerco were worth $460,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of UHAL. BlackRock Inc. boosted its stake in shares of Amerco by 4,120.4% in the 1st quarter. BlackRock Inc. now owns 297,493 shares of the transportation company’s stock valued at $113,401,000 after purchasing an additional 290,444 shares during the last quarter. Abrams Capital Management L.P. boosted its stake in shares of Amerco by 46.3% in the 2nd quarter. Abrams Capital Management L.P. now owns 394,610 shares of the transportation company’s stock valued at $144,451,000 after purchasing an additional 124,918 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Amerco in the 2nd quarter valued at about $32,388,000. Gruss Capital Management LP bought a new position in shares of Amerco in the 2nd quarter valued at about $21,964,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Amerco by 32.7% in the 2nd quarter. Principal Financial Group Inc. now owns 234,744 shares of the transportation company’s stock valued at $85,930,000 after purchasing an additional 57,791 shares during the last quarter. 30.06% of the stock is currently owned by institutional investors.
Shares of Amerco (NASDAQ:UHAL) traded up 1.21% on Wednesday, hitting $397.40. 18,269 shares of the stock traded hands. Amerco has a 1-year low of $307.80 and a 1-year high of $399.29. The stock has a 50 day moving average of $376.22 and a 200-day moving average of $369.34. The stock has a market cap of $7.79 billion, a PE ratio of 20.62 and a beta of 1.08.
Amerco (NASDAQ:UHAL) last released its earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.46 by ($0.02). The firm had revenue of $957.93 million for 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 business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $7.51 EPS. On average, equities research analysts expect that Amerco will post $20.36 EPS for the current year.
UHAL has been the topic of several recent research reports. BidaskClub raised shares of Amerco from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. ValuEngine lowered shares of Amerco from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.
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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