Teacher Retirement System of Texas bought a new position in AMERCO (NASDAQ:UHAL) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,325 shares of the transportation company’s stock, valued at approximately $2,768,000.

Several other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of AMERCO by 8.6% in the third quarter. Principal Financial Group Inc. now owns 255,019 shares of the transportation company’s stock worth $95,606,000 after purchasing an additional 20,275 shares during the last quarter. Janus Henderson Group PLC grew its position in AMERCO by 4.6% in the third quarter. Janus Henderson Group PLC now owns 92,541 shares of the transportation company’s stock worth $34,694,000 after acquiring an additional 4,064 shares in the last quarter. Wells Fargo & Company MN grew its position in AMERCO by 13.2% in the third quarter. Wells Fargo & Company MN now owns 81,944 shares of the transportation company’s stock worth $30,721,000 after acquiring an additional 9,573 shares in the last quarter. Reinhart Partners Inc. grew its position in AMERCO by 3.1% in the fourth quarter. Reinhart Partners Inc. now owns 63,410 shares of the transportation company’s stock worth $23,963,000 after acquiring an additional 1,915 shares in the last quarter. Finally, Systematic Financial Management LP grew its position in AMERCO by 3.8% in the third quarter. Systematic Financial Management LP now owns 30,965 shares of the transportation company’s stock worth $11,609,000 after acquiring an additional 1,121 shares in the last quarter. 35.30% of the stock is currently owned by hedge funds and other institutional investors.

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Several brokerages have issued reports on UHAL. BidaskClub lowered AMERCO from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 6th. ValuEngine upgraded AMERCO from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.

In related news, Director John P. Brogan sold 200 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $381.16, for a total value of $76,232.00. Following the completion of the sale, the director now owns 5,800 shares in the company, valued at $2,210,728. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karl A. Schmidt purchased 1,000 shares of the stock in a transaction that occurred 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 acquisition, the director now directly owns 1,300 shares of the company’s stock, valued at approximately $460,161. The disclosure for this purchase can be found here. 42.60% of the stock is currently owned by insiders.

AMERCO (NASDAQ:UHAL) opened at $340.56 on Friday. AMERCO has a 12-month low of $326.30 and a 12-month high of $400.99. The stock has a market capitalization of $6,680.57, a P/E ratio of 8.45 and a beta of 1.04. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.93 and a current ratio of 3.13.

AMERCO (NASDAQ:UHAL) last announced its earnings results on Wednesday, February 7th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $9.20 by ($6.86). The business had revenue of $842.88 million for the quarter, compared to analysts’ expectations of $784.80 million. AMERCO had a net margin of 22.22% and a return on equity of 9.96%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.33 EPS. equities research analysts forecast that AMERCO will post 22.65 EPS for the current fiscal year.

The company also recently declared a special dividend, which will be paid on Friday, April 6th. Investors of record on Friday, March 23rd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 22nd.

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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.

Institutional Ownership by Quarter for AMERCO (NASDAQ:UHAL)

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