AMERCO (UHAL) Stock Rating Upgraded by ValuEngine

AMERCO (NASDAQ:UHAL) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

A number of other brokerages have also weighed in on UHAL. BidaskClub lowered AMERCO from a “hold” rating to a “sell” rating in a research note on Saturday, September 8th. TheStreet upgraded AMERCO from a “c+” rating to a “b-” rating in a research note on Wednesday, July 25th.

Shares of UHAL stock opened at $350.24 on Wednesday. AMERCO has a fifty-two week low of $316.00 and a fifty-two week high of $386.64. The stock has a market cap of $6.74 billion, a PE ratio of 22.31 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.95 and a current ratio of 2.12.

AMERCO (NASDAQ:UHAL) last issued its quarterly earnings results on Wednesday, November 7th. The transportation company reported $8.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.49 by $1.86. AMERCO had a return on equity of 9.56% and a net margin of 22.32%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm earned $6.36 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. Sell-side analysts predict that AMERCO will post 17.96 EPS for the current year.

In other news, insider Thomas W. Hayes bought 200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was purchased at an average price of $380.05 per share, with a total value of $76,010.00. Following the completion of the acquisition, the insider now directly owns 200 shares of the company’s stock, valued at approximately $76,010. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Respino Laurence J. De sold 75 shares of AMERCO stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $369.92, for a total value of $27,744.00. The disclosure for this sale can be found here. 42.60% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Abrams Capital Management L.P. lifted its holdings in AMERCO by 17.1% in the second quarter. Abrams Capital Management L.P. now owns 576,045 shares of the transportation company’s stock valued at $205,158,000 after acquiring an additional 84,001 shares during the period. Dimensional Fund Advisors LP lifted its holdings in AMERCO by 8.4% in the third quarter. Dimensional Fund Advisors LP now owns 441,294 shares of the transportation company’s stock valued at $157,377,000 after acquiring an additional 34,248 shares during the period. Artisan Partners Limited Partnership lifted its holdings in AMERCO by 16.1% in the second quarter. Artisan Partners Limited Partnership now owns 411,865 shares of the transportation company’s stock valued at $146,686,000 after acquiring an additional 57,167 shares during the period. BlackRock Inc. lifted its holdings in AMERCO by 4.4% in the third quarter. BlackRock Inc. now owns 381,896 shares of the transportation company’s stock valued at $136,202,000 after acquiring an additional 16,020 shares during the period. Finally, Yacktman Asset Management LP lifted its holdings in AMERCO by 8.8% in the third quarter. Yacktman Asset Management LP now owns 130,889 shares of the transportation company’s stock valued at $46,682,000 after acquiring an additional 10,636 shares during the period. 36.91% of the stock is owned by hedge funds and other institutional investors.

AMERCO Company Profile

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.

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