Candriam Luxembourg S.C.A. Has $775,000 Stake in AMERCO (UHAL)

Candriam Luxembourg S.C.A. lifted its position in AMERCO (NASDAQ:UHAL) by 84.1% in the first quarter, Holdings Channel reports. The institutional investor owned 2,086 shares of the transportation company’s stock after purchasing an additional 953 shares during the period. Candriam Luxembourg S.C.A.’s holdings in AMERCO were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of UHAL. BlackRock Inc. lifted its stake in shares of AMERCO by 29.9% in the fourth quarter. BlackRock Inc. now owns 495,926 shares of the transportation company’s stock worth $162,718,000 after buying an additional 114,030 shares during the last quarter. Yacktman Asset Management LP lifted its stake in shares of AMERCO by 26.7% in the fourth quarter. Yacktman Asset Management LP now owns 165,779 shares of the transportation company’s stock worth $54,394,000 after buying an additional 34,890 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of AMERCO by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 460,746 shares of the transportation company’s stock worth $151,180,000 after buying an additional 19,452 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of AMERCO by 567.0% in the first quarter. SG Americas Securities LLC now owns 20,118 shares of the transportation company’s stock worth $7,474,000 after buying an additional 17,102 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of AMERCO in the fourth quarter worth $5,572,000. Institutional investors and hedge funds own 37.64% of the company’s stock.

In other news, General Counsel Respino Laurence J. De sold 86 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $375.20, for a total value of $32,267.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 42.60% of the company’s stock.

A number of brokerages have recently weighed in on UHAL. BidaskClub cut shares of AMERCO from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. TheStreet cut shares of AMERCO from a “b” rating to a “c+” rating in a research note on Monday, March 25th. Finally, ValuEngine cut shares of AMERCO from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th.

NASDAQ:UHAL opened at $393.84 on Thursday. The firm has a market cap of $7.61 billion, a P/E ratio of 25.09 and a beta of 0.82. AMERCO has a one year low of $316.00 and a one year high of $399.30. The company has a quick ratio of 2.62, a current ratio of 2.80 and a debt-to-equity ratio of 1.03.

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About AMERCO

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.

Further Reading: Why Invest in Dividend Achievers?

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Institutional Ownership by Quarter for AMERCO (NASDAQ:UHAL)

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