AMERCO (NASDAQ:UHAL) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of AMERCO (NASDAQ:UHAL) from a strong sell rating to a sell rating in a research note issued to investors on Thursday, September 5th, BidAskClub reports.

A number of other equities research analysts have also weighed in on the stock. ValuEngine lowered shares of AMERCO from a buy rating to a hold rating in a report on Tuesday, July 9th. TheStreet upgraded shares of AMERCO from a c+ rating to a b- rating in a report on Thursday, May 16th.

AMERCO stock opened at $378.01 on Thursday. The firm has a market cap of $7.17 billion, a PE ratio of 19.37 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. The company’s 50 day moving average is $358.66 and its two-hundred day moving average is $373.34.

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

The company also recently disclosed a dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 6th.

In other news, Chairman Edward J. Shoen sold 2,427 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $349.02, for a total value of $847,071.54. Following the sale, the chairman now directly owns 17,369 shares in the company, valued at approximately $6,062,128.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in UHAL. Dimensional Fund Advisors LP raised its holdings in shares of AMERCO by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 460,746 shares of the transportation company’s stock valued at $151,180,000 after purchasing an additional 19,452 shares in the last quarter. Geode Capital Management LLC raised its stake in AMERCO by 19.9% during the 4th quarter. Geode Capital Management LLC now owns 98,234 shares of the transportation company’s stock worth $32,214,000 after acquiring an additional 16,333 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in AMERCO during the 1st quarter worth $215,000. BNP Paribas Arbitrage SA raised its stake in AMERCO by 84.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,081 shares of the transportation company’s stock worth $773,000 after acquiring an additional 952 shares in the last quarter. Finally, Quantamental Technologies LLC raised its stake in AMERCO by 104.1% during the 1st quarter. Quantamental Technologies LLC now owns 200 shares of the transportation company’s stock worth $74,000 after acquiring an additional 102 shares in the last quarter. Institutional investors and hedge funds own 37.55% 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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