M&T Bank Corp lowered its position in AMERCO (NASDAQ:UHAL) by 19.6% during the second quarter, HoldingsChannel reports. The firm owned 1,961 shares of the transportation company’s stock after selling 478 shares during the period. M&T Bank Corp’s holdings in AMERCO were worth $742,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC raised its position in shares of AMERCO by 19.5% in the second quarter. Janus Henderson Group PLC now owns 101,876 shares of the transportation company’s stock valued at $38,565,000 after buying an additional 16,655 shares during the last quarter. Geode Capital Management LLC grew its stake in AMERCO by 19.9% during the 4th quarter. Geode Capital Management LLC now owns 98,234 shares of the transportation company’s stock valued at $32,214,000 after acquiring an additional 16,333 shares in the last quarter. Russell Investments Group Ltd. grew its stake in AMERCO by 0.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 67,979 shares of the transportation company’s stock valued at $25,591,000 after acquiring an additional 173 shares in the last quarter. California Public Employees Retirement System grew its stake in AMERCO by 19.9% during the 1st quarter. California Public Employees Retirement System now owns 62,210 shares of the transportation company’s stock valued at $23,112,000 after acquiring an additional 10,322 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in AMERCO by 13.5% in the 2nd quarter. Wells Fargo & Company MN now owns 60,738 shares of the transportation company’s stock valued at $22,992,000 after acquiring an additional 7,220 shares during the last quarter. Institutional investors own 37.55% of the company’s stock.

NASDAQ:UHAL traded up $3.47 during trading hours on Wednesday, hitting $369.26. The company had a trading volume of 854 shares, compared to its average volume of 54,924. The company has a current ratio of 1.78, a quick ratio of 1.61 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average of $358.75 and a 200 day moving average of $373.36. The company has a market cap of $7.05 billion, a P/E ratio of 18.89 and a beta of 0.72. AMERCO has a 1 year low of $316.00 and a 1 year high of $403.92.

AMERCO (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, August 7th. The transportation company reported $6.76 EPS for the quarter, missing the consensus estimate of $8.14 by ($1.38). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. AMERCO had a return on equity of 9.69% and a net margin of 9.81%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.53 EPS. On average, analysts forecast that AMERCO will post 20.08 earnings per share for the current year.

The company also recently disclosed a dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 9th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 6th.

A number of research analysts have weighed in on UHAL shares. BidaskClub raised shares of AMERCO from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 5th. ValuEngine lowered AMERCO from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, TheStreet raised AMERCO from a “c+” rating to a “b-” rating in a report on Thursday, May 16th.

In related news, Chairman Edward J. Shoen sold 2,427 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $349.02, for a total transaction of $847,071.54. Following the completion of the sale, the chairman now directly owns 17,369 shares in the company, valued at $6,062,128.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 42.60% of the stock is currently owned by company insiders.

AMERCO Company 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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