UHAL Amerco
AMERCO engages in the provision of insurance, moving and storage operation businesses. It operates through the following business segments: Moving and Storage; Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment consists of the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces. The Property and Casualty Insurance segment involves in providing loss adjusting and claims handling for U-Haul through regional offices. The Life Insurance segment provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life insurance, medicare supplement, and annuity policies. The company was founded by Anna Mary Carty Shoen and Leonard Samuel Shoen in 1945 and is headquartered in Reno, NV.
Company profile
Ticker
UHAL
Exchange
Website
CEO
Edward Joe Shoen
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Hertz • Avis Budget • Hertz Global • SP Plus • Ryder System • HyreCar • Stevia Nutra • eHi Car Services ...
SEC CIK
Corporate docs
IRS number
880106815
Calendar
5 Feb 20
24 Feb 20
31 Mar 20
News
Company financial data Financial data
| Quarter (USD) | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | 927.88M | 1.15B | 1.08B | 725.53M | |
| Net income | 30.93M | 156.33M | 132.42M | 831K | |
| Net profit margin | 3.33% | 13.59% | 12.27% | 0.11% | |
| Operating income | 80.57M | 244.74M | 213.87M | 27.24M | |
| Net change in cash | 106.72M | 5.4M | -153.87M | -310.68M | |
| Cash on hand | 631.95M | 525.23M | 519.83M | 673.7M | |
| Cost of revenue | 35.32M | 43.93M | 48.93M | 31.71M |
| Annual (USD) | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|
| Revenue | 3.77B | 3.6B | 3.42B | 3.28B | |
| Net income | 370.86M | 790.58M | 398.42M | 489M | |
| Net profit margin | 9.84% | 21.95% | 11.64% | 14.93% | |
| Operating income | 620.99M | 765.25M | 743.17M | 866.63M | |
| Net change in cash | -85.69M | 61.58M | 97.16M | 158.8M | |
| Cash on hand | 673.7M | 759.39M | 697.81M | 600.65M | |
| Cost of revenue | 162.14M | 160.49M | 152.49M | 144.99M |
Financial data from Amerco earnings reports
Institutional ownership Q4 2019
13F holders |
Current |
|---|---|
| Total holders | 234 |
| Opened positions | 40 |
| Closed positions | 22 |
| Increased positions | 79 |
| Reduced positions | 71 |
13F shares |
Current |
|---|---|
| Total value | 26.36B |
| Total shares | 30.89M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Wealth Quarterback | 23.59M | $23.59B |
| Vanguard | 783.87K | $294.6M |
| BLK BlackRock | 654.09K | $245.82M |
| Wellington Management | 608.53K | $228.7M |
| Abrams Capital Management | 561.26K | $210.93M |
| Dimensional Fund Advisors | 467.51K | $175.7M |
| PFG Principal Financial | 408.42K | $153.49M |
| Artisan Partners Limited Partnership | 307.35K | $115.51M |
| STT State Street | 249.63K | $93.94M |
| Barrow Hanley Mewhinney & Strauss | 198.92K | $74.76M |
Financial report summary
?Competition
Public Storage • Life Storage • Life Storage • Extra Space Storage • CubeSmart • CubeSmart • Extra Space Storage • Public StorageRisks
- We operate in a highly competitive industry.
- Economic conditions, including those related to the credit markets, may adversely affect our industry, business and results of operations.
- Our fleet rotation program can be adversely affected by financial market conditions.
- We obtain our rental trucks from a limited number of manufacturers.
- A substantial amount of our shares is owned by a small contingent of stockholders.
- Our operations subject us to numerous environmental regulations and the possibility that environmental liability in the future could adversely affect our operations.
- A significant portion of our revenues are generated through third-parties.
- We face liability risks associated with the operation of our rental fleet, sales of our products and operation of our locations.
- Terrorist attacks could negatively impact our operations and profitability and may expose us to liability and reputational damage.
- A.M. Best financial strength ratings are crucial to our life insurance business.
- We may incur losses due to our reinsurers’ or counterparties’ failure to perform under existing contracts or we may be unable to secure sufficient reinsurance or hedging protection in the future.
Management Discussion
- Self-moving equipment rental revenues increased $172.4 million during fiscal 2019, compared with fiscal 2018. During fiscal 2019 we expanded the number of Company-owned locations along with independent dealers, and increased the number of trucks, trailers and towing devices in our rental fleet. In the third and fourth quarters we saw revenue improvements in our corporate account business. Revenue and transactions for both the One-way and in-town markets improved compared to fiscal 2018.
- Self-storage revenues increased $43.4 million during fiscal 2019, compared with fiscal 2018. The average monthly amount of occupied square feet increased by 12.0% during fiscal 2019 compared with the same period last year. The growth in revenues and square feet rented comes from a combination of improved rates per square foot, occupancy gains at existing locations and from the addition of new facilities to the portfolio. Over the last twelve months, we added approximately 5.3 million net rentable square feet, a 17.0% increase, with approximately 1.5 million of that coming on during the fourth quarter of fiscal 2019.
- The Company owns and manages self-storage facilities. Self-storage revenues reported in the consolidated financial statements represent Company-owned locations only. Self-storage data for our owned storage locations follows:
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
Dec, freight, narrow, relief, troubled
Removed:
began, driven, equivalent, favorable, intended, passage, prevail, ratable, rented, usage, variability, varying
Financial reports
10-Q
2020 Q3
Quarterly report
5 Feb 20
10-Q
2020 Q2
Quarterly report
6 Nov 19
10-Q
2020 Q1
Quarterly report
7 Aug 19
10-K
2019 FY
Annual report
29 May 19
10-Q
2019 Q3
Quarterly report
6 Feb 19
10-Q
2019 Q2
Quarterly report
7 Nov 18
10-Q
2019 Q1
Quarterly report
8 Aug 18
10-K
2018 FY
Annual report
30 May 18
10-Q
2018 Q3
Quarterly report
7 Feb 18
10-Q
2018 Q2
Quarterly report
8 Nov 17
Current reports
8-K
Other Events
18 Feb 20
8-K
Other Events
10 Jan 20
8-K
Other Events
10 Dec 19
8-K
AMERCO Announces Special Cash Dividend
9 Dec 19
8-K
Departure of Directors or Certain Officers
12 Nov 19
8-K
AMERCO Announces Special Cash Dividend
23 Aug 19
8-K
Departure of Directors or Certain Officers
7 Aug 19
8-K
Other Events
3 May 19
8-K
Other Events
3 May 19
8-K
Departure of Directors or Certain Officers
29 Mar 19
Registration and prospectus
424B5
Prospectus supplement for primary offering
18 Feb 20
424B5
Prospectus supplement for primary offering
10 Jan 20
424B5
Prospectus supplement for primary offering
10 Jan 20
424B5
Prospectus supplement for primary offering
10 Jan 20
S-3ASR
Automatic shelf registration
10 Jan 20
424B5
Prospectus supplement for primary offering
10 Dec 19
424B5
Prospectus supplement for primary offering
3 May 19
424B5
Prospectus supplement for primary offering
7 Mar 19
424B5
Prospectus supplement for primary offering
23 Oct 18
424B5
Prospectus supplement for primary offering
28 Aug 18
Proxies
DEFA14A
Additional proxy soliciting materials
10 Jul 19
DEF 14A
Definitive proxy
10 Jul 19
DEFA14A
Additional proxy soliciting materials
13 Jul 18
DEF 14A
Definitive proxy
13 Jul 18
DEF 14A
Definitive proxy
14 Jul 17
DEFA14A
Additional proxy soliciting materials
14 Jul 17
DEF 14A
Definitive proxy
15 Jul 16
DEFA14A
Additional proxy soliciting materials
15 Jul 16
DEF 14A
Definitive proxy
20 Apr 16
DEFA14A
Additional proxy soliciting materials
20 Apr 16
Other
UPLOAD
Letter from SEC
22 Jul 13
CORRESP
Correspondence with SEC
9 Jul 13
UPLOAD
Letter from SEC
3 Jul 13
UPLOAD
Letter from SEC
10 May 12
CORRESP
Correspondence with SEC
9 May 12
CORRESP
Correspondence with SEC
13 Apr 12
UPLOAD
Letter from SEC
30 Mar 12
EFFECT
Notice of effectiveness
20 Jan 11
CORRESP
Correspondence with SEC
19 Jan 11
UPLOAD
Letter from SEC
17 Dec 10