AMERCO (NASDAQ:UHAL) Rating Lowered to Hold at BidaskClub

BidaskClub cut shares of AMERCO (NASDAQ:UHAL) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

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

AMERCO stock opened at $386.38 on Tuesday. 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. The company has a market capitalization of $7.27 billion, a P/E ratio of 19.36 and a beta of 0.72. The stock has a 50-day simple moving average of $369.98 and a 200-day simple moving average of $374.83.

AMERCO (NASDAQ:UHAL) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm posted $6.53 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts forecast that AMERCO will post 20.08 earnings per share for the current year.

The business also recently declared 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 was Friday, September 6th.

In related news, Chairman Edward J. Shoen sold 2,427 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $349.02, for a total value of $847,071.54. Following the transaction, the chairman now owns 17,369 shares in the company, valued at approximately $6,062,128.38. The sale 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.

A number of hedge funds have recently modified their holdings of UHAL. Captrust Financial Advisors acquired a new position in AMERCO in the 2nd quarter valued at about $65,000. Rockefeller Capital Management L.P. acquired a new position in AMERCO during the 2nd quarter worth approximately $111,000. ETF Managers Group LLC increased its position in AMERCO by 24.6% during the 2nd quarter. ETF Managers Group LLC now owns 517 shares of the transportation company’s stock worth $195,000 after purchasing an additional 102 shares during the period. Bank of Montreal Can increased its position 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 purchasing an additional 62 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in AMERCO during the 2nd quarter worth approximately $201,000. Hedge funds and other institutional investors 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.

Read More: Market Capitalization and Individual Investors

Receive News & Ratings for AMERCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMERCO and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit