Camelot Portfolios LLC Sells 573 Shares of AMERCO (NASDAQ:UHAL)

Camelot Portfolios LLC decreased its position in shares of AMERCO (NASDAQ:UHAL) by 50.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 568 shares of the transportation company’s stock after selling 573 shares during the period. Camelot Portfolios LLC’s holdings in AMERCO were worth $221,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UHAL. Prudential Financial Inc. raised its position in shares of AMERCO by 1.1% during the second quarter. Prudential Financial Inc. now owns 2,737 shares of the transportation company’s stock valued at $1,036,000 after buying an additional 30 shares during the last quarter. Envestnet Asset Management Inc. increased its position in AMERCO by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,482 shares of the transportation company’s stock worth $2,075,000 after purchasing an additional 33 shares during the last quarter. Strs Ohio increased its position in AMERCO by 2.4% in the second quarter. Strs Ohio now owns 1,640 shares of the transportation company’s stock worth $620,000 after purchasing an additional 39 shares during the last quarter. IFM Investors Pty Ltd increased its position in AMERCO by 6.5% in the second quarter. IFM Investors Pty Ltd now owns 740 shares of the transportation company’s stock worth $280,000 after purchasing an additional 45 shares during the last quarter. Finally, Capital Insight Partners LLC increased its position in AMERCO by 2.0% in the second quarter. Capital Insight Partners LLC now owns 2,728 shares of the transportation company’s stock worth $1,033,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 37.81% of the company’s stock.

UHAL traded up $0.67 during trading hours on Wednesday, hitting $385.00. The company’s stock had a trading volume of 23,681 shares, compared to its average volume of 53,411. The business’s 50-day moving average price is $373.44 and its 200-day moving average price is $375.29. AMERCO has a 12 month low of $316.00 and a 12 month high of $403.92. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 19.69 and a beta of 0.72. The company has a current ratio of 1.78, a quick ratio of 1.61 and a debt-to-equity ratio of 1.11.

AMERCO (NASDAQ:UHAL) last announced its quarterly earnings results on Wednesday, August 7th. The transportation company reported $6.76 earnings per share for the quarter, missing the consensus estimate of $8.14 by ($1.38). AMERCO had a return on equity of 9.69% and a net margin of 9.81%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm posted $6.53 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. 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 was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, September 6th.

UHAL has been the topic of several research reports. BidaskClub cut shares of AMERCO from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. ValuEngine cut shares of AMERCO from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th.

In other AMERCO news, Chairman Edward J. Shoen sold 2,427 shares of AMERCO stock in a transaction on 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 transaction, the chairman now directly owns 17,369 shares of the company’s stock, valued at $6,062,128.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 42.60% of the stock is owned by 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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