Rhumbline Advisers decreased its holdings in shares of Amerco (NASDAQ:UHAL) by 28.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,226 shares of the transportation company’s stock after selling 2,098 shares during the quarter. Rhumbline Advisers’ holdings in Amerco were worth $1,913,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. DekaBank Deutsche Girozentrale lifted its stake in Amerco by 12.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 758 shares of the transportation company’s stock worth $283,000 after purchasing an additional 81 shares during the last quarter. Boston Partners lifted its stake in Amerco by 21.8% during the second quarter. Boston Partners now owns 8,611 shares of the transportation company’s stock worth $3,152,000 after purchasing an additional 1,542 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Amerco by 14.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 24,688 shares of the transportation company’s stock worth $9,038,000 after purchasing an additional 3,136 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in Amerco by 24.9% during the second quarter. Kovitz Investment Group Partners LLC now owns 132,393 shares of the transportation company’s stock worth $48,464,000 after purchasing an additional 26,385 shares during the last quarter. Finally, TD Asset Management Inc. purchased a new stake in Amerco during the second quarter worth approximately $214,000. Hedge funds and other institutional investors own 30.03% of the company’s stock.

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Shares of Amerco (NASDAQ UHAL) opened at 387.53 on Friday. The stock has a market cap of $7.60 billion, a PE ratio of 20.11 and a beta of 1.12. The firm has a 50-day moving average price of $377.16 and a 200-day moving average price of $369.19. Amerco has a 52 week low of $307.80 and a 52 week high of $398.94.

Amerco (NASDAQ:UHAL) last issued its quarterly earnings data on Wednesday, August 9th. The transportation company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.46 by ($0.02). The business had revenue of $957.93 million for the quarter, compared to analyst estimates of $943.57 million. Amerco had a net margin of 10.92% and a return on equity of 12.85%. Amerco’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $7.51 EPS. On average, analysts forecast that Amerco will post $20.36 earnings per share for the current fiscal year.

Several research firms recently weighed in on UHAL. ValuEngine upgraded Amerco from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. BidaskClub upgraded Amerco from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st.

Amerco Profile

AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites.

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Institutional Ownership by Quarter for Amerco (NASDAQ:UHAL)

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