AMERCO (UHAL) Upgraded to Sell by BidaskClub

BidaskClub upgraded shares of AMERCO (NASDAQ:UHAL) from a strong sell rating to a sell rating in a research report sent to investors on Thursday.

A number of other brokerages have also recently issued reports on UHAL. ValuEngine upgraded AMERCO from a hold rating to a buy rating in a report on Wednesday, August 15th. TheStreet upgraded AMERCO from a c+ rating to a b- rating in a research note on Wednesday, July 25th.

Shares of UHAL traded up $4.75 during trading hours on Thursday, reaching $354.99. The stock had a trading volume of 420 shares, compared to its average volume of 46,695. AMERCO has a 12 month low of $316.00 and a 12 month high of $386.64. The company has a quick ratio of 1.95, a current ratio of 2.12 and a debt-to-equity ratio of 0.97. The stock has a market cap of $6.87 billion, a P/E ratio of 22.67 and a beta of 0.90.

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

In other AMERCO news, insider Thomas W. Hayes bought 200 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The stock was purchased at an average cost of $380.05 per share, with a total value of $76,010.00. Following the transaction, the insider now directly owns 200 shares in the company, valued at approximately $76,010. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Respino Laurence J. De sold 75 shares of the firm’s stock in a transaction on Thursday, October 4th. The shares were 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. Company insiders own 42.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in UHAL. UBS Group AG increased its position in shares of AMERCO by 126.8% during the 1st quarter. UBS Group AG now owns 3,706 shares of the transportation company’s stock valued at $1,279,000 after purchasing an additional 2,072 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of AMERCO by 37.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 550 shares of the transportation company’s stock valued at $195,000 after purchasing an additional 150 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of AMERCO during the 2nd quarter valued at $319,000. Amalgamated Bank increased its position in shares of AMERCO by 39.3% during the 2nd quarter. Amalgamated Bank now owns 1,326 shares of the transportation company’s stock valued at $472,000 after purchasing an additional 374 shares during the last quarter. Finally, Unigestion Holding SA purchased a new stake in shares of AMERCO during the 2nd quarter valued at $1,553,000. 36.91% of the stock is owned by hedge funds and other institutional investors.

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.

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