Nordea Investment Management AB cut its position in AMERCO (NASDAQ:UHAL) by 99.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 331 shares of the transportation company’s stock after selling 32,532 shares during the quarter. Nordea Investment Management AB’s holdings in AMERCO were worth $124,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Toronto Dominion Bank raised its position in shares of AMERCO by 241.2% during the third quarter. Toronto Dominion Bank now owns 290 shares of the transportation company’s stock worth $109,000 after acquiring an additional 205 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of AMERCO by 63.2% during the second quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation company’s stock worth $114,000 after acquiring an additional 120 shares during the last quarter. Citigroup Inc. bought a new position in shares of AMERCO during the second quarter worth about $145,000. Blair William & Co. IL bought a new position in shares of AMERCO during the second quarter worth about $201,000. Finally, TD Asset Management Inc. bought a new position in shares of AMERCO during the second quarter worth about $214,000. Hedge funds and other institutional investors own 30.74% of the company’s stock.

Shares of AMERCO (UHAL) opened at $381.12 on Monday. AMERCO has a one year low of $338.30 and a one year high of $400.99. The company has a market capitalization of $7,472.92, a P/E ratio of 22.93 and a beta of 1.11. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.37 and a current ratio of 2.60.

AMERCO (NASDAQ:UHAL) last released its earnings results on Wednesday, November 8th. The transportation company reported $6.36 EPS for the quarter, missing the consensus estimate of $7.18 by ($0.82). AMERCO had a return on equity of 11.28% and a net margin of 9.30%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $975.90 million. During the same period in the prior year, the business earned $9.01 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. analysts forecast that AMERCO will post 22.6 EPS for the current fiscal year.

UHAL has been the subject of several recent analyst reports. ValuEngine raised AMERCO from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. BidaskClub raised AMERCO from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 6th.

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AMERCO Company 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.

Institutional Ownership by Quarter for AMERCO (NASDAQ:UHAL)

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