CL King initiated coverage on shares of AMERCO (NASDAQ:UHAL) in a research note released on Thursday, Marketbeat.com reports. The brokerage issued a neutral rating on the transportation company’s stock.
UHAL has been the subject of a number of other reports. BidaskClub raised shares of AMERCO from a strong sell rating to a sell rating in a report on Wednesday, December 6th. ValuEngine cut shares of AMERCO from a buy rating to a hold rating in a report on Friday, February 2nd.
NASDAQ UHAL opened at $345.80 on Thursday. The stock has a market cap of $6,780.45, a P/E ratio of 22.12 and a beta of 0.96. AMERCO has a 52-week low of $326.30 and a 52-week 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 earnings results on Wednesday, February 7th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $842.88 million during the quarter, compared to analysts’ expectations of $784.80 million. During the same period last year, the business posted $3.33 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. sell-side analysts predict that AMERCO will post 22.65 EPS for the current fiscal year.
The business also recently announced a special dividend, which was paid on Friday, April 6th. Shareholders of record on Friday, March 23rd were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 22nd.
In related news, Director Karl A. Schmidt bought 1,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was bought at an average cost of $353.97 per share, with a total value of $353,970.00. Following the completion of the acquisition, the director now owns 1,300 shares in the company, valued at approximately $460,161. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 42.60% of the company’s stock.
A number of institutional investors 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 valued at $241,000 after buying an additional 60 shares in the last quarter. Sei Investments Co. increased its holdings in AMERCO by 443,100.0% in the third quarter. Sei Investments Co. now owns 4,432 shares of the transportation company’s stock valued at $842,000 after buying an additional 4,431 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in AMERCO by 4.5% in the third quarter. Bank of New York Mellon Corp now owns 21,186 shares of the transportation company’s stock valued at $7,942,000 after buying an additional 919 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of AMERCO by 11.4% in the third quarter. Ameriprise Financial Inc. now owns 3,957 shares of the transportation company’s stock valued at $1,484,000 after purchasing an additional 404 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of AMERCO by 2.6% in the third quarter. Legal & General Group Plc now owns 8,229 shares of the transportation company’s stock valued at $3,085,000 after purchasing an additional 210 shares during the last quarter. 35.30% of the stock is owned by institutional investors.
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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.
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