Surevest Inc. Reduces Position in AMERCO (UHAL)

Surevest Inc. decreased its holdings in shares of AMERCO (NASDAQ:UHAL) by 41.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 568 shares of the transportation company’s stock after selling 398 shares during the period. Surevest Inc.’s holdings in AMERCO were worth $211,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC grew its holdings in AMERCO by 152.0% in the 3rd quarter. SG Americas Securities LLC now owns 1,328 shares of the transportation company’s stock valued at $474,000 after buying an additional 801 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in AMERCO by 5.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 35,826 shares of the transportation company’s stock valued at $12,777,000 after buying an additional 1,691 shares in the last quarter. BlackRock Inc. grew its holdings in AMERCO by 4.4% in the 3rd quarter. BlackRock Inc. now owns 381,896 shares of the transportation company’s stock valued at $136,202,000 after buying an additional 16,020 shares in the last quarter. FMR LLC grew its holdings in AMERCO by 9.7% in the 3rd quarter. FMR LLC now owns 7,020 shares of the transportation company’s stock valued at $2,504,000 after buying an additional 620 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in AMERCO in the 3rd quarter valued at $297,000. Institutional investors and hedge funds own 37.54% of the company’s stock.

In related news, General Counsel Respino Laurence J. De sold 86 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $375.20, for a total transaction of $32,267.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 42.60% of the company’s stock.

UHAL stock traded up $4.06 during mid-day trading on Wednesday, reaching $373.06. The company had a trading volume of 2,201 shares, compared to its average volume of 35,534. AMERCO has a fifty-two week low of $316.00 and a fifty-two week high of $387.95. The firm has a market capitalization of $7.27 billion, a P/E ratio of 23.76 and a beta of 0.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.80 and a quick ratio of 2.62.

AMERCO (NASDAQ:UHAL) last released its quarterly earnings data on Wednesday, February 6th. The transportation company reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.55 by $0.46. AMERCO had a return on equity of 10.27% and a net margin of 10.02%. The business had revenue of $919.09 million for the quarter, compared to the consensus estimate of $866.87 million. During the same quarter in the prior year, the business posted $2.34 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts expect that AMERCO will post 18.04 EPS for the current year.

The company also recently declared a special dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

Several brokerages have recently commented on UHAL. BidaskClub lowered AMERCO from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. TheStreet lowered AMERCO from a “b” rating to a “c+” rating in a research note on Monday, March 25th. Finally, ValuEngine lowered AMERCO from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th.

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AMERCO Profile

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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