M&T Bank Corp trimmed its holdings in shares of AMERCO (NASDAQ:UHAL) by 19.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,961 shares of the transportation company’s stock after selling 478 shares during the period. M&T Bank Corp’s holdings in AMERCO were worth $742,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in UHAL. Swiss National Bank boosted its position in AMERCO by 72.9% during the 1st quarter. Swiss National Bank now owns 48,770 shares of the transportation company’s stock valued at $18,119,000 after acquiring an additional 20,570 shares in the last quarter. Janus Henderson Group PLC raised its stake in AMERCO by 19.5% in the second quarter. Janus Henderson Group PLC now owns 101,876 shares of the transportation company’s stock valued at $38,565,000 after buying an additional 16,655 shares during the last quarter. Geode Capital Management LLC raised its stake in AMERCO by 19.9% in the fourth quarter. Geode Capital Management LLC now owns 98,234 shares of the transportation company’s stock valued at $32,214,000 after buying an additional 16,333 shares during the last quarter. California Public Employees Retirement System boosted its holdings in AMERCO by 19.9% in the first quarter. California Public Employees Retirement System now owns 62,210 shares of the transportation company’s stock worth $23,112,000 after acquiring an additional 10,322 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in AMERCO by 63.5% in the second quarter. JPMorgan Chase & Co. now owns 19,516 shares of the transportation company’s stock worth $7,343,000 after acquiring an additional 7,576 shares in the last quarter. 37.55% of the stock is currently owned by hedge funds and other institutional investors.
UHAL has been the topic of several recent analyst reports. TheStreet upgraded shares of AMERCO from a “c+” rating to a “b-” rating in a report on Thursday, May 16th. ValuEngine downgraded shares of AMERCO from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, BidaskClub raised shares of AMERCO from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 5th.
Shares of UHAL traded up $3.47 during trading hours on Wednesday, reaching $369.26. 854 shares of the company traded hands, compared to its average volume of 54,924. The stock has a market capitalization of $7.05 billion, a P/E ratio of 18.89 and a beta of 0.72. The company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 1.11. AMERCO has a 12-month low of $316.00 and a 12-month high of $403.92. The business has a fifty day moving average price of $358.75 and a 200-day moving average price of $373.36.
AMERCO (NASDAQ:UHAL) last issued its earnings results on Wednesday, August 7th. The transportation company reported $6.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.14 by ($1.38). AMERCO had a return on equity of 9.69% and a net margin of 9.81%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business earned $6.53 EPS. The business’s revenue was up 5.9% on a year-over-year basis. As a group, research analysts predict that AMERCO will post 20.08 EPS for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 6th.
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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