AMERCO (NASDAQ:UHAL) Downgraded by BidaskClub to Hold

BidaskClub lowered shares of AMERCO (NASDAQ:UHAL) from a buy rating to a hold rating in a research note issued to investors on Tuesday, BidAskClub reports.

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

Shares of NASDAQ UHAL opened at $371.49 on Tuesday. The business’s 50 day moving average price is $368.39 and its 200 day moving average price is $374.63. The firm has a market cap of $7.28 billion, a P/E ratio of 19.03 and a beta of 0.72. AMERCO has a 52 week low of $316.00 and a 52 week high of $403.92. The company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 1.11.



AMERCO (NASDAQ:UHAL) last issued its earnings results on Wednesday, August 7th. The transportation company reported $6.76 EPS for the quarter, missing the Zacks’ consensus estimate of $8.14 by ($1.38). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. AMERCO had a net margin of 9.81% and a return on equity of 9.69%. AMERCO’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.53 EPS. As a group, research analysts expect that AMERCO will post 20.08 earnings per share for the current year.

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

In other AMERCO news, Chairman Edward J. Shoen sold 2,427 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $349.02, for a total value of $847,071.54. Following the sale, the chairman now owns 17,369 shares in the company, valued at approximately $6,062,128.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 42.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Scout Investments Inc. purchased a new position in shares of AMERCO during the 3rd quarter valued at approximately $21,852,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of AMERCO by 4.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,543 shares of the transportation company’s stock valued at $963,000 after buying an additional 101 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of AMERCO by 26.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 4,349 shares of the transportation company’s stock valued at $1,646,000 after buying an additional 904 shares in the last quarter. BlackRock Inc. lifted its position in shares of AMERCO by 11.3% during the 2nd quarter. BlackRock Inc. now owns 581,802 shares of the transportation company’s stock valued at $220,240,000 after buying an additional 58,861 shares in the last quarter. Finally, Colony Group LLC purchased a new position in shares of AMERCO during the 2nd quarter valued at approximately $1,242,000. Institutional investors and hedge funds own 37.49% of the company’s stock.

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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