TIAA CREF Investment Management LLC lowered its position in Amerco (NASDAQ:UHAL) by 73.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,202 shares of the transportation companys stock after selling 52,786 shares during the quarter. TIAA CREF Investment Management LLC owned 0.10% of Amerco worth $7,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its stake in shares of Amerco by 63.2% in the second quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation companys stock valued at $114,000 after buying an additional 120 shares during the period. Watermark Asset Management Inc. acquired a new position in shares of Amerco in the first quarter valued at approximately $124,000. UBS Group AG increased its stake in shares of Amerco by 98.4% in the first quarter. UBS Group AG now owns 508 shares of the transportation companys stock valued at $194,000 after buying an additional 252 shares during the period. Comerica Bank acquired a new position in shares of Amerco in the first quarter valued at approximately $201,000. Finally, Blair William & Co. IL acquired a new position in shares of Amerco in the second quarter valued at approximately $201,000. 30.03% of the stock is owned by institutional investors.
Amerco (UHAL) opened at 363.25 on Thursday. The firm has a market cap of $7.12 billion, a P/E ratio of 18.85 and a beta of 1.08. Amerco has a 1-year low of $307.80 and a 1-year high of $398.94. The stock has a 50 day moving average price of $373.02 and a 200 day moving average price of $368.45.
Amerco (NASDAQ:UHAL) last released its earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share for the quarter, missing the Zacks consensus estimate of $6.46 by ($0.02). The firm had revenue of $957.93 million during the quarter, compared to the consensus estimate of $943.57 million. Amerco had a return on equity of 12.85% and a net margin of 10.92%. The businesss quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.51 EPS. On average, analysts anticipate that Amerco will post $20.36 EPS for the current year.
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Several research analysts have recently issued reports on the company. BidaskClub downgraded Amerco from a buy rating to a hold rating in a research note on Thursday, June 22nd. ValuEngine downgraded Amerco from a buy rating to a hold rating in a research note on Monday, October 2nd.
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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