California State Teachers Retirement System Reduces Stake in AMERCO (UHAL)

California State Teachers Retirement System trimmed its position in AMERCO (NASDAQ:UHAL) by 8.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,793 shares of the transportation company’s stock after selling 850 shares during the period. California State Teachers Retirement System’s holdings in AMERCO were worth $3,671,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Toronto Dominion Bank lifted its stake in shares of AMERCO by 241.2% in the 3rd quarter. Toronto Dominion Bank now owns 290 shares of the transportation company’s stock valued at $109,000 after acquiring an additional 205 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of AMERCO by 63.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation company’s stock valued at $114,000 after acquiring an additional 120 shares during the last quarter. Citigroup Inc. bought a new position in shares of AMERCO in the 2nd quarter valued at $145,000. Blair William & Co. IL bought a new position in shares of AMERCO in the 2nd quarter valued at $201,000. Finally, Sciencast Management LP bought a new position in shares of AMERCO in the 2nd quarter valued at $216,000. Institutional investors own 30.70% of the company’s stock.

A number of brokerages have recently commented on UHAL. BidaskClub cut AMERCO from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 19th. ValuEngine cut AMERCO from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

AMERCO (NASDAQ UHAL) opened at $375.48 on Monday. The stock has a market capitalization of $7,362.41, a price-to-earnings ratio of 22.59 and a beta of 1.11. The company has a current ratio of 2.60, a quick ratio of 2.37 and a debt-to-equity ratio of 1.12. AMERCO has a 12-month low of $338.30 and a 12-month high of $400.99.

AMERCO (NASDAQ:UHAL) last announced its earnings results on Wednesday, November 8th. The transportation company reported $6.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $7.18 by ($0.82). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $975.90 million. AMERCO had a return on equity of 11.28% and a net margin of 9.30%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $9.01 earnings per share. equities research analysts anticipate that AMERCO will post 22.65 earnings per share for the current year.

The business also recently announced a special dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, December 20th.

In related news, Director John P. Brogan sold 200 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $381.16, for a total transaction of $76,232.00. Following the completion of the transaction, the director now directly owns 5,800 shares of the company’s stock, valued at approximately $2,210,728. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 42.60% of the stock is owned by company insiders.

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AMERCO Company Profile

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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Institutional Ownership by Quarter for AMERCO (NASDAQ:UHAL)

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