RK Asset Management LLC Invests $8.43 Million in AMERCO (NASDAQ:UHAL)


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RK Asset Management LLC bought a new position in shares of AMERCO (NASDAQ:UHAL) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 13,758 shares of the transportation company’s stock, valued at approximately $8,428,000. AMERCO accounts for approximately 7.5% of RK Asset Management LLC’s holdings, making the stock its 7th biggest holding. RK Asset Management LLC owned about 0.07% of AMERCO at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Legacy Wealth Asset Management LLC acquired a new position in shares of AMERCO during the 4th quarter worth about $555,000. DekaBank Deutsche Girozentrale grew its position in shares of AMERCO by 11.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 900 shares of the transportation company’s stock worth $396,000 after buying an additional 90 shares during the period. Amundi Pioneer Asset Management Inc. grew its position in shares of AMERCO by 24.5% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 8,209 shares of the transportation company’s stock valued at $3,728,000 after purchasing an additional 1,617 shares during the period. Applied Fundamental Research LLC acquired a new position in shares of AMERCO in the 4th quarter valued at approximately $5,729,000. Finally, Norges Bank acquired a new position in shares of AMERCO in the 4th quarter valued at approximately $35,882,000. Institutional investors own 33.90% of the company’s stock.

In related news, General Counsel Respino Laurence J. De sold 100 shares of the business’s stock in a transaction that occurred on Friday, March 19th. The stock was sold at an average price of $603.00, for a total value of $60,300.00. Following the completion of the transaction, the general counsel now directly owns 75 shares in the company, valued at approximately $45,225. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.60% of the stock is currently owned by insiders.

Shares of UHAL traded down $1.02 on Thursday, hitting $615.97. The company’s stock had a trading volume of 93 shares, compared to its average volume of 52,273. The company has a quick ratio of 2.97, a current ratio of 3.13 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average price is $588.85 and its 200-day moving average price is $461.56. AMERCO has a fifty-two week low of $249.45 and a fifty-two week high of $657.86. The firm has a market capitalization of $12.08 billion, a price-to-earnings ratio of 23.85 and a beta of 0.87.

AMERCO (NASDAQ:UHAL) last issued its quarterly earnings data on Tuesday, February 2nd. The transportation company reported $9.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $7.08 by $2.25. AMERCO had a return on equity of 8.12% and a net margin of 12.49%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $1.58 EPS. AMERCO’s quarterly revenue was up 26.1% compared to the same quarter last year. As a group, equities analysts predict that AMERCO will post 29.99 earnings per share for the current fiscal year.

About AMERCO

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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