AMERCO (UHAL) Downgraded by ValuEngine to Hold

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AMERCO (NASDAQ:UHAL) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other equities research analysts have also recently commented on the company. TheStreet raised AMERCO from a “c+” rating to a “b-” rating in a research note on Wednesday, July 25th. BidaskClub raised AMERCO from a “sell” rating to a “hold” rating in a research note on Tuesday, June 19th.

Shares of AMERCO stock opened at $359.41 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.19 and a debt-to-equity ratio of 0.98. AMERCO has a 52 week low of $317.42 and a 52 week high of $400.99. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 22.89 and a beta of 0.93.

AMERCO (NASDAQ:UHAL) last announced its quarterly earnings data on Wednesday, August 8th. The transportation company reported $6.53 EPS for the quarter, missing the Zacks’ consensus estimate of $7.03 by ($0.50). AMERCO had a net margin of 21.63% and a return on equity of 8.95%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $980.40 million. During the same period last year, the business posted $6.44 EPS. The company’s revenue was up 6.4% on a year-over-year basis. research analysts predict that AMERCO will post 12.74 EPS for the current year.

In other AMERCO news, insider Carlos Vizcarra sold 2,419 shares of the firm’s stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $356.51, for a total value of $862,397.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas W. Hayes acquired 200 shares of AMERCO stock in a transaction on Wednesday, August 29th. The stock was purchased at an average cost of $380.05 per share, with a total value of $76,010.00. Following the purchase, the insider now directly owns 200 shares of the company’s stock, valued at approximately $76,010. The disclosure for this purchase can be found here. Company insiders own 42.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in UHAL. Abrams Capital Management L.P. boosted its position in shares of AMERCO by 17.1% during the second quarter. Abrams Capital Management L.P. now owns 576,045 shares of the transportation company’s stock valued at $205,158,000 after buying an additional 84,001 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of AMERCO by 16.1% during the second quarter. Artisan Partners Limited Partnership now owns 411,865 shares of the transportation company’s stock valued at $146,686,000 after buying an additional 57,167 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of AMERCO by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 407,046 shares of the transportation company’s stock valued at $144,970,000 after buying an additional 2,752 shares during the last quarter. BlackRock Inc. boosted its position in shares of AMERCO by 21.6% during the second quarter. BlackRock Inc. now owns 365,876 shares of the transportation company’s stock valued at $130,306,000 after buying an additional 65,008 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of AMERCO by 13.4% during the first quarter. Principal Financial Group Inc. now owns 307,703 shares of the transportation company’s stock valued at $106,188,000 after buying an additional 36,348 shares during the last quarter. 37.84% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Return on Investment (ROI) Defined, Explained

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