Allianz Asset Management GmbH trimmed its stake in shares of AMERCO (NASDAQ:UHAL) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,526 shares of the transportation company’s stock after selling 485 shares during the period. Allianz Asset Management GmbH owned approximately 0.07% of AMERCO worth $5,490,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank raised its stake in shares of AMERCO by 241.2% during the third quarter. Toronto Dominion Bank now owns 290 shares of the transportation company’s stock worth $109,000 after buying an additional 205 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of AMERCO by 106.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 326 shares of the transportation company’s stock worth $123,000 after buying an additional 168 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of AMERCO during the fourth quarter worth approximately $151,000. Cubist Systematic Strategies LLC bought a new stake in shares of AMERCO during the third quarter worth approximately $210,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of AMERCO during the third quarter worth approximately $222,000. Institutional investors own 35.30% of the company’s stock.
In other news, Director Karl A. Schmidt bought 1,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was purchased at an average price of $353.97 per share, with a total value of $353,970.00. Following the completion of the purchase, the director now owns 1,300 shares of the company’s stock, valued at $460,161. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 42.60% of the stock is currently owned by corporate insiders.
Shares of UHAL traded down $12.09 on Friday, reaching $345.80. 89,357 shares of the company’s stock were exchanged, compared to its average volume of 69,917. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.13 and a quick ratio of 2.93. The company has a market cap of $6,780.45, a price-to-earnings ratio of 17.69 and a beta of 0.96. AMERCO has a 12 month low of $326.30 and a 12 month high of $400.99.
AMERCO (NASDAQ:UHAL) last issued its earnings results on Wednesday, February 7th. The transportation company reported $2.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $9.20 by ($6.86). AMERCO had a net margin of 22.22% and a return on equity of 9.96%. The firm had revenue of $842.88 million during the quarter, compared to the consensus estimate of $784.80 million. During the same period in the previous year, the company posted $3.33 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. analysts expect that AMERCO will post 22.65 EPS for the current year.
The company also recently announced a special dividend, which was paid on Friday, April 6th. Shareholders of record on Friday, March 23rd were paid a $0.50 dividend. The ex-dividend date was Thursday, March 22nd.
A number of equities research analysts recently weighed in on UHAL shares. BidaskClub downgraded shares of AMERCO from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 6th. ValuEngine downgraded shares of AMERCO from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, CL King started coverage on shares of AMERCO in a research note on Thursday. They set a “neutral” rating for the company.
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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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