Assenagon Asset Management S.A. Decreases Holdings in AMERCO (UHAL)

Assenagon Asset Management S.A. reduced its holdings in shares of AMERCO (NASDAQ:UHAL) by 39.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,105 shares of the transportation company’s stock after selling 2,647 shares during the quarter. Assenagon Asset Management S.A.’s holdings in AMERCO were worth $1,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Abrams Capital Management L.P. grew its stake in AMERCO by 17.1% during the second quarter. Abrams Capital Management L.P. now owns 576,045 shares of the transportation company’s stock worth $205,158,000 after buying an additional 84,001 shares during the period. Artisan Partners Limited Partnership grew its stake in AMERCO by 16.1% during the second quarter. Artisan Partners Limited Partnership now owns 411,865 shares of the transportation company’s stock worth $146,686,000 after buying an additional 57,167 shares during the period. Dimensional Fund Advisors LP grew its stake in AMERCO by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 407,046 shares of the transportation company’s stock worth $144,970,000 after buying an additional 2,752 shares during the period. BlackRock Inc. grew its stake in AMERCO by 21.6% during the second quarter. BlackRock Inc. now owns 365,876 shares of the transportation company’s stock worth $130,306,000 after buying an additional 65,008 shares during the period. Finally, Principal Financial Group Inc. grew its stake in AMERCO by 13.4% during the first quarter. Principal Financial Group Inc. now owns 307,703 shares of the transportation company’s stock worth $106,188,000 after buying an additional 36,348 shares during the period. Institutional investors own 36.61% of the company’s stock.

Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of AMERCO from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. TheStreet raised shares of AMERCO from a “c+” rating to a “b-” rating in a research report on Wednesday, July 25th. Finally, BidaskClub cut shares of AMERCO from a “hold” rating to a “sell” rating in a research report on Saturday, September 8th.

NASDAQ UHAL opened at $335.54 on Friday. AMERCO has a 52 week low of $316.00 and a 52 week high of $386.64. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.01 and a current ratio of 2.19. The firm has a market cap of $6.49 billion, a PE ratio of 21.37 and a beta of 0.90.

AMERCO (NASDAQ:UHAL) last posted its earnings results on Wednesday, November 7th. The transportation company reported $8.35 EPS for the quarter, topping analysts’ consensus estimates of $6.49 by $1.86. AMERCO had a net margin of 21.63% and a return on equity of 8.95%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the company posted $6.36 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that AMERCO will post 12.74 earnings per share for the current year.

In other news, General Counsel Respino Laurence J. De sold 75 shares of the business’s stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $369.92, for a total transaction of $27,744.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas W. Hayes bought 200 shares of AMERCO stock in a transaction dated Wednesday, August 29th. The shares were purchased at an average cost of $380.05 per share, for a total transaction of $76,010.00. Following the completion of the transaction, the insider now owns 200 shares of the company’s stock, valued at approximately $76,010. The disclosure for this purchase can be found here. Insiders own 42.60% of the company’s stock.

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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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