First Trust Advisors LP Sells 6,084 Shares of AMERCO (NASDAQ:UHAL)

First Trust Advisors LP decreased its holdings in shares of AMERCO (NASDAQ:UHAL) by 21.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,669 shares of the transportation company’s stock after selling 6,084 shares during the quarter. First Trust Advisors LP owned 0.11% of AMERCO worth $8,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Quantamental Technologies LLC raised its position in shares of AMERCO by 104.1% during the first quarter. Quantamental Technologies LLC now owns 200 shares of the transportation company’s stock worth $74,000 after purchasing an additional 102 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in AMERCO in the 1st quarter valued at $124,000. ETF Managers Group LLC grew its stake in AMERCO by 10.1% in the 1st quarter. ETF Managers Group LLC now owns 415 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 38 shares during the period. Advisor Group Inc. grew its stake in AMERCO by 157.7% in the 4th quarter. Advisor Group Inc. now owns 451 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 276 shares during the period. Finally, TD Asset Management Inc. bought a new position in AMERCO in the 1st quarter valued at $208,000. 37.89% of the stock is owned by hedge funds and other institutional investors.

Shares of UHAL stock traded up $2.25 during trading hours on Friday, reaching $378.55. The company’s stock had a trading volume of 142,171 shares, compared to its average volume of 71,719. The company has a market capitalization of $7.42 billion, a PE ratio of 19.39 and a beta of 0.76. AMERCO has a one year low of $316.00 and a one year high of $403.92. The business’s fifty day moving average is $385.73. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.11 and a quick ratio of 1.93.

AMERCO (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, May 29th. The transportation company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.84) by $0.88. The company had revenue of $725.53 million for the quarter, compared to analyst estimates of $789.23 million. AMERCO had a return on equity of 9.81% and a net margin of 9.84%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. Analysts expect that AMERCO will post 21.85 earnings per share for the current year.

UHAL has been the subject of several research reports. BidaskClub upgraded AMERCO from a “sell” rating to a “hold” rating in a research note on Saturday, May 4th. ValuEngine downgraded AMERCO from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, TheStreet upgraded AMERCO from a “c+” rating to a “b-” rating in a research note on Thursday, May 16th.

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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