Amerco (UHAL) Position Boosted by Kovitz Investment Group Partners LLC

U-Haul Parent Amerco's Revenue Increases but Earnings Decline

Amerco (NASDAQ:UHAL) Experiences Heavier than Average Trading Volume

The fund owned 2,518 shares of the transportation company's stock after selling 150 shares during the period. The ratio increased, as 89 investment managers increased and opened new positions, while 90 cut down and sold holdings in Amerco. The value of the company's investment in Amerco went from $15,000 to $44,000 increasing 193.3% for the reporting period.

Amalgamated Bank lowered its position in Amerco (NASDAQ:UHAL) by 11.2% during the first quarter, according to its most recent Form 13F filing with the SEC. Bruce & Co Inc sold 1,545 shares as the company's stock declined 0.39% while stock markets rallied. UBS Group AG increased its stake in Amerco by 98.4% in the first quarter. Tredje AP fonden now owns 2,057 shares of the transportation company's stock valued at $753,000 after buying an additional 48 shares during the last quarter. Finally, Investment House LLC raised its stake in Amerco by 6.7% in the first quarter. Tredje AP fonden has an ownership of 2,009 stocks of the transportation firms shares valued at $766,000 after scooping up an extra 771 shares through out the quarter. Macquarie Group Ltd. acquired a new position in shares of Amerco during the fourth quarter worth approximately $148,000. Investment House LLC now owns 795 shares of the transportation company's stock valued at $303,000 after buying an additional 50 shares during the period.

Amerco (NASDAQ:UHAL) institutional sentiment increased to 0.99 in Q4 2016. The company has a 50-day moving average price of $370.17 and a 200-day moving average price of $370.16. Amerco has a 52-week low of $307.80 and a 52-week high of $398.94. Bruce & Co Inc who had been investing in Amerco for a number of months, seems to be less bullish one the $7.15B market cap company.

Another recent and important AMERCO (NASDAQ:UHAL) news was published by Nasdaq.com which published an article titled: "Earnings Reaction History: AMERCO, 66.7% Follow-Through Indicator, 3.6% Sensitive" on August 09, 2017. The transportation company reported $0.49 EPS for the quarter, missing the consensus estimate of $2.00 by $1.51. Amerco had a net margin of 10.92% and a return on equity of 13.00%. The firm had revenue of $708.80 million for the quarter, compared to the consensus estimate of $702.54 million. During the same quarter in the prior year, the company earned $7.51 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter past year. On average, analysts expect that Amerco will post $22.00 earnings per share for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Thursday, August 3rd. Stockholders of record on Thursday, July 20th were paid a dividend of $1.00 per share. The ex-dividend date was Tue, Jul 18th.

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Separately, BidaskClub upgraded Amerco from a "buy" rating to a "strong-buy" rating in a report on Monday, July 31st. The shares were acquired at an average cost of $352.87 per share, for a total transaction of $705,740.00. Insiders own 42.60% of the company's stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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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