State Street Corp Raises Position in Amerco (UHAL)

State Street Corp increased its stake in shares of Amerco (NASDAQ:UHAL) by 9.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,452 shares of the company’s stock after buying an additional 14,077 shares during the period. State Street Corp owned about 0.86% of Amerco worth $60,549,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN raised its stake in Amerco by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 65,743 shares of the company’s stock worth $25,606,000 after buying an additional 2,679 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Amerco by 25.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 4,025 shares of the company’s stock worth $1,568,000 after buying an additional 810 shares during the period. Swiss National Bank increased its position in shares of Amerco by 38.0% in the fourth quarter. Swiss National Bank now owns 14,300 shares of the company’s stock worth $5,570,000 after buying an additional 3,941 shares during the period. Monarch Partners Asset Management LLC purchased a new position in shares of Amerco during the fourth quarter worth about $11,463,000. Finally, California Public Employees Retirement System increased its position in shares of Amerco by 2.8% in the fourth quarter. California Public Employees Retirement System now owns 41,000 shares of the company’s stock worth $15,970,000 after buying an additional 1,100 shares during the period.

Shares of Amerco (NASDAQ:UHAL) traded up 0.39% on Tuesday, hitting $391.19. 34,283 shares of the stock were exchanged. Amerco has a 52-week low of $305.66 and a 52-week high of $436.89. The company has a 50 day moving average of $376.90 and a 200 day moving average of $357.78. The company has a market cap of $7.67 billion and a price-to-earnings ratio of 15.68.

Amerco (NASDAQ:UHAL) last issued its quarterly earnings data on Wednesday, May 25th. The company reported $2.68 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by $0.46. The company earned $683.19 million during the quarter, compared to analysts’ expectations of $659 million. Amerco’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.43 EPS. Equities research analysts forecast that Amerco will post $26.40 earnings per share for the current year.

In other Amerco news, major shareholder James P. Shoen sold 30,000 shares of the stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $375.28, for a total value of $11,258,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Robert Mullen sold 2,000 shares of the stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $367.00, for a total value of $734,000.00. The disclosure for this sale can be found here.

AMERCO is a do-it-yourself moving and storage operator through its subsidiary U-Haul International, Inc (U-Haul). The Company supplies products and services to help people move and store their household and commercial goods. It operates through three segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance.