AMERCO (UHAL) Downgraded by BidaskClub

BidaskClub downgraded shares of AMERCO (NASDAQ:UHAL) from a sell rating to a strong sell rating in a research note published on Tuesday morning.

Separately, ValuEngine raised shares of AMERCO from a hold rating to a buy rating in a report on Wednesday, August 15th.

Shares of NASDAQ:UHAL opened at $345.72 on Tuesday. AMERCO has a 12 month low of $316.00 and a 12 month high of $386.64. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.95 and a current ratio of 2.12. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 22.02 and a beta of 0.86.

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

In other AMERCO news, General Counsel Respino Laurence J. De sold 75 shares of the stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $369.92, for a total transaction of $27,744.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 42.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of UHAL. Aperio Group LLC boosted its stake in shares of AMERCO by 74.0% in the 2nd quarter. Aperio Group LLC now owns 2,788 shares of the transportation company’s stock valued at $993,000 after purchasing an additional 1,186 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of AMERCO by 10.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 23,681 shares of the transportation company’s stock valued at $8,434,000 after purchasing an additional 2,205 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of AMERCO by 45.8% in the 2nd quarter. First Trust Advisors LP now owns 28,424 shares of the transportation company’s stock valued at $10,123,000 after purchasing an additional 8,935 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of AMERCO by 13.0% in the 2nd quarter. Victory Capital Management Inc. now owns 10,160 shares of the transportation company’s stock valued at $3,618,000 after purchasing an additional 1,172 shares during the last quarter. Finally, Heartland Advisors Inc. boosted its stake in shares of AMERCO by 43.0% in the 2nd quarter. Heartland Advisors Inc. now owns 15,717 shares of the transportation company’s stock valued at $5,598,000 after purchasing an additional 4,726 shares during the last quarter. 37.33% of the stock is currently owned by 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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