AMERCO (UHAL) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of AMERCO (NASDAQ:UHAL) from a sell rating to a hold rating in a research note published on Monday morning.

Separately, ValuEngine downgraded shares of AMERCO from a buy rating to a hold rating in a research report on Friday, February 2nd.

AMERCO (UHAL) opened at $351.67 on Monday. The firm has a market cap of $6,895.86, a P/E ratio of 21.16 and a beta of 1.01. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.60 and a quick ratio of 2.37. AMERCO has a 12 month low of $338.30 and a 12 month high of $400.99.

AMERCO (NASDAQ:UHAL) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $2.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $9.20 by ($6.86). The company had revenue of $842.88 million during the quarter, compared to analyst estimates of $784.80 million. AMERCO had a net margin of 9.30% and a return on equity of 11.28%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.33 EPS. equities research analysts expect that AMERCO will post 22.65 earnings per share for the current year.

In other AMERCO news, Director John P. Brogan sold 200 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $381.16, for a total value of $76,232.00. Following the completion of the sale, the director now directly owns 5,800 shares of the company’s stock, valued at $2,210,728. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its position in AMERCO by 23.1% in the second quarter. Royal Bank of Canada now owns 10,879 shares of the transportation company’s stock worth $3,983,000 after acquiring an additional 2,045 shares in the last quarter. Janus Henderson Group PLC bought a new stake in AMERCO in the second quarter worth approximately $32,388,000. Schwartz Investment Counsel Inc. bought a new stake in AMERCO in the third quarter worth approximately $6,373,000. Vanguard Group Inc. grew its position in AMERCO by 1.6% in the second quarter. Vanguard Group Inc. now owns 476,587 shares of the transportation company’s stock worth $174,460,000 after acquiring an additional 7,690 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in AMERCO in the second quarter worth approximately $286,000. 30.82% of the stock is owned by institutional investors.

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AMERCO Company Profile

AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites.

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