State of New Jersey Common Pension Fund D Decreases Stock Position in AMERCO (NASDAQ:UHAL)

State of New Jersey Common Pension Fund D cut its position in AMERCO (NASDAQ:UHAL – Get Rating) by 17.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,581 shares of the transportation company’s stock after selling 944 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in AMERCO were worth $2,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in UHAL. Kestra Advisory Services LLC purchased a new position in shares of AMERCO in the fourth quarter valued at $289,000. National Bank of Canada FI purchased a new position in shares of AMERCO in the fourth quarter valued at $76,000. New York State Teachers Retirement System bought a new position in AMERCO during the 4th quarter valued at $581,000. State of Michigan Retirement System bought a new position in AMERCO during the 4th quarter valued at $295,000. Finally, Allspring Global Investments Holdings LLC bought a new position in AMERCO during the 4th quarter valued at $59,322,000.

AMERCO Trading Up 2.4 %

NASDAQ UHAL opened at $537.08 on Friday. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 9.38 and a beta of 0.93. AMERCO has a 12 month low of $447.92 and a 12 month high of $769.90. The company’s fifty day moving average price is $485.24 and its two-hundred day moving average price is $548.34. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.91 and a quick ratio of 4.68.

AMERCO (NASDAQ:UHAL – Get Rating) last issued its earnings results on Wednesday, May 25th. The transportation company reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $7.38 by ($2.96). The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.24 billion. AMERCO had a return on equity of 19.56% and a net margin of 19.57%. During the same period last year, the company posted $3.76 earnings per share. As a group, research analysts predict that AMERCO will post 58.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of AMERCO from a “hold” rating to a “buy” rating in a research note on Friday, July 15th.

About AMERCO

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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.