New York State Common Retirement Fund grew its holdings in shares of AMERCO (NASDAQ:UHAL) by 23.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,100 shares of the transportation company’s stock after purchasing an additional 6,900 shares during the quarter. New York State Common Retirement Fund owned approximately 0.18% of AMERCO worth $12,458,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in UHAL. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of AMERCO by 200.0% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 300 shares of the transportation company’s stock worth $113,000 after acquiring an additional 200 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in shares of AMERCO by 106.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 326 shares of the transportation company’s stock worth $123,000 after acquiring an additional 168 shares during the period. Two Sigma Securities LLC purchased a new position in shares of AMERCO during the 4th quarter worth $226,000. First Republic Investment Management Inc. purchased a new position in shares of AMERCO during the 1st quarter worth $233,000. Finally, Parametrica Management Ltd purchased a new position in shares of AMERCO during the 1st quarter worth $335,000. 37.52% of the stock is currently owned by institutional investors.
Several research firms have recently commented on UHAL. CL King began coverage on AMERCO in a report on Thursday, April 5th. They set a “neutral” rating on the stock. BidaskClub lowered AMERCO from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Finally, ValuEngine lowered AMERCO from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.
AMERCO (NASDAQ:UHAL) last issued its quarterly earnings data on Wednesday, May 30th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.29). The company had revenue of $757.60 million during the quarter, compared to analysts’ expectations of $732.98 million. AMERCO had a net margin of 21.95% and a return on equity of 9.40%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share. analysts expect that AMERCO will post 15.3 earnings per share for the current year.
The business also recently disclosed a special dividend, which will be paid on Thursday, July 5th. Investors of record on Thursday, June 21st will be issued a $0.50 dividend. The ex-dividend date is Wednesday, June 20th.
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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