AMERCO (NASDAQ:UHAL) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, March 6th.
Separately, ValuEngine upgraded AMERCO from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.
Shares of AMERCO (UHAL) traded up $0.46 during trading hours on Tuesday, reaching $340.85. The company’s stock had a trading volume of 7,090 shares, compared to its average volume of 73,657. The company has a market cap of $6,680.57, a PE ratio of 8.45 and a beta of 1.04. AMERCO has a 12-month low of $326.30 and a 12-month high of $400.99. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.13 and a quick ratio of 2.93.
AMERCO (NASDAQ:UHAL) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $9.20 by ($6.86). AMERCO had a net margin of 22.22% and a return on equity of 9.96%. The business had revenue of $842.88 million during the quarter, compared to analyst estimates of $784.80 million. During the same quarter in the prior year, the firm posted $3.33 earnings per share. AMERCO’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts expect that AMERCO will post 22.65 EPS for the current fiscal year.
In other AMERCO news, Director Karl A. Schmidt acquired 1,000 shares of AMERCO stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average cost of $353.97 per share, with a total value of $353,970.00. Following the completion of the purchase, the director now directly owns 1,300 shares of the company’s stock, valued at approximately $460,161. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Brogan sold 200 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $381.16, for a total value of $76,232.00. Following the completion of the transaction, the director now owns 5,800 shares of the company’s stock, valued at $2,210,728. The disclosure for this sale can be found here. Corporate insiders own 42.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of UHAL. The Manufacturers Life Insurance Company increased its holdings in AMERCO by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 656 shares of the transportation company’s stock worth $241,000 after purchasing an additional 60 shares in the last quarter. First Trust Advisors LP grew its stake in AMERCO by 2.6% in the third quarter. First Trust Advisors LP now owns 15,894 shares of the transportation company’s stock valued at $5,959,000 after acquiring an additional 407 shares during the period. Pictet Asset Management Ltd. grew its stake in AMERCO by 9.5% in the third quarter. Pictet Asset Management Ltd. now owns 2,660 shares of the transportation company’s stock valued at $997,000 after acquiring an additional 230 shares during the period. State of Wisconsin Investment Board grew its stake in AMERCO by 18.9% in the third quarter. State of Wisconsin Investment Board now owns 5,884 shares of the transportation company’s stock valued at $2,206,000 after acquiring an additional 937 shares during the period. Finally, Principal Financial Group Inc. grew its stake in AMERCO by 8.6% in the third quarter. Principal Financial Group Inc. now owns 255,019 shares of the transportation company’s stock valued at $95,606,000 after acquiring an additional 20,275 shares during the period. Institutional investors and hedge funds own 35.30% of the company’s stock.
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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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