Assenagon Asset Management S.A. Reduces Stock Holdings in AMERCO (NASDAQ:UHAL)

Assenagon Asset Management S.A. trimmed its position in AMERCO (NASDAQ:UHAL) by 72.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,013 shares of the transportation company’s stock after selling 16,137 shares during the period. Assenagon Asset Management S.A.’s holdings in AMERCO were worth $2,345,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. IFM Investors Pty Ltd lifted its position in shares of AMERCO by 6.5% during the 2nd quarter. IFM Investors Pty Ltd now owns 740 shares of the transportation company’s stock valued at $280,000 after buying an additional 45 shares in the last quarter. Ellington Management Group LLC purchased a new position in shares of AMERCO during the 2nd quarter valued at about $265,000. Prudential Financial Inc. lifted its position in shares of AMERCO by 1.1% during the 2nd 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 in the last quarter. JPMorgan Chase & Co. lifted its position in shares of AMERCO by 63.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,516 shares of the transportation company’s stock valued at $7,343,000 after buying an additional 7,576 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of AMERCO by 8.1% during the 2nd quarter. California Public Employees Retirement System now owns 67,218 shares of the transportation company’s stock valued at $25,445,000 after buying an additional 5,008 shares in the last quarter. 37.81% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on UHAL shares. BidaskClub raised AMERCO from a “hold” rating to a “buy” rating in a research report on Saturday. ValuEngine cut AMERCO from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th.

In other news, Chairman Edward J. Shoen sold 2,427 shares of AMERCO stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $349.02, for a total transaction of $847,071.54. Following the transaction, the chairman now directly owns 17,369 shares of the company’s stock, valued at approximately $6,062,128.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.60% of the stock is owned by insiders.

UHAL stock opened at $397.88 on Friday. AMERCO has a twelve month low of $316.00 and a twelve month high of $403.92. The company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 1.11. The stock has a market cap of $7.74 billion, a P/E ratio of 20.38 and a beta of 0.72. The business’s 50-day moving average price is $376.40 and its 200-day moving average price is $375.63.

AMERCO (NASDAQ:UHAL) last posted its quarterly earnings data on Wednesday, August 7th. The transportation company reported $6.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $8.14 by ($1.38). AMERCO had a net margin of 9.81% and a return on equity of 9.69%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned $6.53 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts expect that AMERCO will post 20.08 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were given a dividend of $0.50 per share. The ex-dividend date was Friday, September 6th.

About AMERCO

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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