BNP Paribas Arbitrage SA Has $584,000 Position in AMERCO (UHAL)

BNP Paribas Arbitrage SA increased its stake in shares of AMERCO (NASDAQ:UHAL) by 30.7% in the first quarter, Holdings Channel reports. The firm owned 1,692 shares of the transportation company’s stock after buying an additional 397 shares during the period. BNP Paribas Arbitrage SA’s holdings in AMERCO were worth $584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of AMERCO by 200.0% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 300 shares of the transportation company’s stock worth $113,000 after purchasing an additional 200 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of AMERCO by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,476 shares of the transportation company’s stock worth $7,411,000 after purchasing an additional 200 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of AMERCO by 26.3% during the 1st quarter. D.A. Davidson & CO. now owns 1,028 shares of the transportation company’s stock worth $355,000 after purchasing an additional 214 shares during the last quarter. Brinker Capital Inc. lifted its stake in shares of AMERCO by 9.5% during the 1st quarter. Brinker Capital Inc. now owns 2,548 shares of the transportation company’s stock worth $879,000 after purchasing an additional 220 shares during the last quarter. Finally, Tredje AP fonden lifted its stake in shares of AMERCO by 13.8% during the 1st quarter. Tredje AP fonden now owns 2,140 shares of the transportation company’s stock worth $740,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 37.47% of the company’s stock.

AMERCO opened at $362.50 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.37 and a quick ratio of 2.19. AMERCO has a one year low of $317.42 and a one year high of $400.99. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 23.09 and a beta of 0.95.

AMERCO (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, May 30th. The transportation company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.29). AMERCO had a net margin of 21.95% and a return on equity of 9.40%. The business had revenue of $757.60 million during the quarter, compared to analysts’ expectations of $732.98 million. During the same quarter last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. equities analysts predict that AMERCO will post 15.3 earnings per share for the current year.

The firm also recently declared a special dividend, which will be paid on Thursday, July 5th. Shareholders of record on Thursday, June 21st will be paid a $0.50 dividend. The ex-dividend date is Wednesday, June 20th.

A number of equities research analysts have commented on UHAL shares. BidaskClub upgraded AMERCO from a “sell” rating to a “hold” rating in a research note on Tuesday, June 19th. ValuEngine cut AMERCO from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, CL King started coverage on AMERCO in a research note on Thursday, April 5th. They issued a “neutral” rating for the company.

AMERCO Profile

AMERCO operates as a ?do-it-yourself' moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.

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Institutional Ownership by Quarter for AMERCO (NASDAQ:UHAL)

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