AMERCO (UHAL) Downgraded to Sell at BidaskClub

BidaskClub downgraded shares of AMERCO (NASDAQ:UHAL) from a hold rating to a sell rating in a report issued on Friday morning.

Several other equities analysts have also issued reports on UHAL. CL King began coverage on AMERCO in a research note on Thursday, April 5th. They issued a neutral rating on the stock. ValuEngine raised AMERCO from a hold rating to a buy rating in a research note on Thursday, March 1st.

UHAL traded down $4.75 during trading on Friday, hitting $339.90. The company’s stock had a trading volume of 46,048 shares, compared to its average volume of 64,054. AMERCO has a twelve month low of $326.30 and a twelve month high of $400.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.93 and a current ratio of 3.13. The firm has a market cap of $6,757.83, a PE ratio of 17.39 and a beta of 0.96.

AMERCO (NASDAQ:UHAL) last issued its quarterly earnings results 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 period last year, the firm posted $3.33 earnings per share. AMERCO’s quarterly revenue was up 6.6% compared to the same quarter last year. research analysts predict that AMERCO will post 22.65 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Friday, April 6th. Shareholders of record on Friday, March 23rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 22nd.

In other AMERCO news, Director Karl A. Schmidt purchased 1,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were purchased 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 owns 1,300 shares in the company, valued at $460,161. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 42.60% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB increased its holdings in shares of AMERCO by 31.6% during the fourth quarter. Xact Kapitalforvaltning AB now owns 3,364 shares of the transportation company’s stock valued at $1,271,000 after acquiring an additional 807 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of AMERCO by 200.0% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 300 shares of the transportation company’s stock valued at $113,000 after acquiring an additional 200 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of AMERCO by 2.6% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 139,729 shares of the transportation company’s stock valued at $52,805,000 after acquiring an additional 3,579 shares in the last quarter. Meadow Creek Investment Management LLC increased its holdings in shares of AMERCO by 41.2% during the fourth quarter. Meadow Creek Investment Management LLC now owns 8,500 shares of the transportation company’s stock valued at $3,212,000 after acquiring an additional 2,482 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of AMERCO during the fourth quarter valued at approximately $3,499,000. 35.39% of the stock is currently owned by hedge funds and other 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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