PNC Financial Services Group Inc. Has $678,000 Stake in AMERCO (NASDAQ:UHAL)

PNC Financial Services Group Inc. grew its position in AMERCO (NASDAQ:UHAL) by 59.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,051 shares of the transportation company’s stock after buying an additional 392 shares during the quarter. PNC Financial Services Group Inc.’s holdings in AMERCO were worth $678,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Pendal Group Ltd raised its position in shares of AMERCO by 4.6% in the 3rd quarter. Pendal Group Ltd now owns 518 shares of the transportation company’s stock valued at $335,000 after buying an additional 23 shares in the last quarter. Deutsche Bank AG raised its position in shares of AMERCO by 6.6% in the 3rd quarter. Deutsche Bank AG now owns 19,806 shares of the transportation company’s stock valued at $12,797,000 after buying an additional 1,220 shares in the last quarter. Shell Asset Management Co. raised its position in shares of AMERCO by 101.3% in the 3rd quarter. Shell Asset Management Co. now owns 2,031 shares of the transportation company’s stock valued at $1,312,000 after buying an additional 1,022 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of AMERCO by 3.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 3,227 shares of the transportation company’s stock valued at $2,085,000 after buying an additional 109 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of AMERCO by 8.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,219 shares of the transportation company’s stock valued at $788,000 after buying an additional 100 shares in the last quarter. Institutional investors own 35.21% of the company’s stock.

In related news, Chairman Edward J. Shoen purchased 14,750 shares of the firm’s stock in a transaction that occurred on Thursday, December 16th. The shares were bought at an average cost of $720.75 per share, with a total value of $10,631,062.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John P. Brogan sold 250 shares of the business’s stock in a transaction that occurred on Friday, December 10th. The stock was sold at an average price of $706.20, for a total transaction of $176,550.00. The disclosure for this sale can be found here. Insiders own 42.80% of the company’s stock.

Shares of NASDAQ:UHAL opened at $676.21 on Friday. The firm has a 50 day moving average of $719.21 and a 200-day moving average of $674.24. The stock has a market capitalization of $13.26 billion, a PE ratio of 13.11 and a beta of 0.88. The company has a current ratio of 4.33, a quick ratio of 4.12 and a debt-to-equity ratio of 0.93. AMERCO has a 12 month low of $448.48 and a 12 month high of $769.90.

AMERCO (NASDAQ:UHAL) last announced its quarterly earnings results on Tuesday, November 2nd. The transportation company reported $20.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.48 by $5.42. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.57 billion. AMERCO had a net margin of 18.85% and a return on equity of 19.38%. During the same period in the previous year, the firm posted $13.58 EPS. On average, research analysts predict that AMERCO will post 60.75 EPS for the current fiscal year.

About AMERCO

AMERCO engages in the provision of insurance, moving and storage operation businesses. It operates through the following business segments: Moving and Storage; Property and Casualty Insurance; and Life Insurance. The Moving and Storage segment consists of the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces.

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Institutional Ownership by Quarter for AMERCO (NASDAQ:UHAL)

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