Nisa Investment Advisors LLC Has $395,000 Position in AMERCO (NASDAQ:UHAL)

Nisa Investment Advisors LLC cut its stake in AMERCO (NASDAQ:UHAL) by 37.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 670 shares of the transportation company’s stock after selling 400 shares during the period. Nisa Investment Advisors LLC’s holdings in AMERCO were worth $395,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in AMERCO in the first quarter valued at approximately $53,000. Harvest Fund Management Co. Ltd bought a new stake in AMERCO in the first quarter valued at approximately $63,000. Arkadios Wealth Advisors boosted its holdings in AMERCO by 1,237.5% in the second quarter. Arkadios Wealth Advisors now owns 107 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 99 shares during the last quarter. Captrust Financial Advisors boosted its holdings in AMERCO by 11.6% in the first quarter. Captrust Financial Advisors now owns 193 shares of the transportation company’s stock valued at $118,000 after acquiring an additional 20 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in AMERCO by 176.9% in the first quarter. Lazard Asset Management LLC now owns 216 shares of the transportation company’s stock valued at $132,000 after acquiring an additional 138 shares during the last quarter. Institutional investors and hedge funds own 35.73% of the company’s stock.

AMERCO stock opened at $658.94 on Wednesday. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 14.88 and a beta of 0.86. AMERCO has a 52-week low of $345.19 and a 52-week high of $677.34. The stock’s 50 day moving average price is $622.76 and its two-hundred day moving average price is $601.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.96 and a current ratio of 3.13.

AMERCO (NASDAQ:UHAL) last posted its quarterly earnings results on Tuesday, August 3rd. The transportation company reported $17.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.06 by $9.54. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.14 billion. AMERCO had a return on equity of 17.42% and a net margin of 17.27%. On average, equities research analysts forecast that AMERCO will post 47.65 EPS for the current year.

The firm also recently declared a dividend, which will be paid on Tuesday, September 21st. Shareholders of record on Tuesday, September 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, September 3rd.

About 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.

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Institutional Ownership by Quarter for AMERCO (NASDAQ:UHAL)

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