AMERCO (NASDAQ:UHAL) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of AMERCO (NASDAQ:UHAL) from a hold rating to a buy rating in a research report report published on Friday morning, BidAskClub reports.

Separately, ValuEngine downgraded AMERCO from a buy rating to a hold rating in a report on Tuesday, July 9th.

Shares of UHAL stock opened at $385.50 on Friday. The stock’s fifty day moving average price is $360.06 and its two-hundred day moving average price is $373.88. The company has a market cap of $7.74 billion, a PE ratio of 19.75 and a beta of 0.72. AMERCO has a fifty-two week low of $316.00 and a fifty-two week high of $403.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.61 and a current ratio of 1.78.

AMERCO (NASDAQ:UHAL) last released its quarterly earnings data on Wednesday, August 7th. The transportation company reported $6.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $8.14 by ($1.38). AMERCO had a net margin of 9.81% and a return on equity of 9.69%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the business earned $6.53 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts predict that AMERCO will post 20.08 EPS for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, September 6th.

In related news, Chairman Edward J. Shoen sold 2,427 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $349.02, for a total transaction of $847,071.54. Following the sale, the chairman now owns 17,369 shares of the company’s stock, valued at approximately $6,062,128.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 42.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors acquired a new stake in shares of AMERCO during the 2nd quarter valued at $65,000. Rockefeller Capital Management L.P. acquired a new position in AMERCO during the 2nd quarter worth about $111,000. ETF Managers Group LLC lifted its holdings in AMERCO by 10.1% during the 1st quarter. ETF Managers Group LLC now owns 415 shares of the transportation company’s stock worth $154,000 after buying an additional 38 shares during the period. Bank of Montreal Can lifted its holdings in AMERCO by 13.8% during the 2nd quarter. Bank of Montreal Can now owns 511 shares of the transportation company’s stock worth $195,000 after buying an additional 62 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in AMERCO during the 2nd quarter worth about $201,000. 37.49% of the stock is currently owned by 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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