BidaskClub upgraded shares of AMERCO (NASDAQ:UHAL) from a sell rating to a hold rating in a report released on Monday morning.
Separately, ValuEngine cut shares of AMERCO from a buy rating to a hold rating in a research report on Friday.
Shares of AMERCO (UHAL) opened at $351.43 on Monday. The company has a quick ratio of 2.37, a current ratio of 2.60 and a debt-to-equity ratio of 1.12. AMERCO has a 52 week low of $338.30 and a 52 week high of $400.99. The company has a market cap of $7,050.96, a PE ratio of 21.15 and a beta of 1.01.
AMERCO (NASDAQ:UHAL) last announced its quarterly earnings data on Wednesday, November 8th. The transportation company reported $6.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $7.18 by ($0.82). AMERCO had a net margin of 9.30% and a return on equity of 11.28%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $975.90 million. During the same quarter last year, the business earned $9.01 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. research analysts forecast that AMERCO will post 22.65 EPS for the current fiscal year.
In other AMERCO news, Director John P. Brogan sold 200 shares of AMERCO stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $381.16, for a total transaction of $76,232.00. Following the completion of the transaction, the director now owns 5,800 shares in the company, valued at $2,210,728. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 42.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its position in AMERCO by 23.1% during 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 during the last quarter. Janus Henderson Group PLC acquired a new position in AMERCO during the second quarter worth about $32,388,000. Schwartz Investment Counsel Inc. acquired a new position in AMERCO during the third quarter worth about $6,373,000. Vanguard Group Inc. raised its position in AMERCO by 1.6% during 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 during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in AMERCO during the second quarter worth about $286,000. Institutional investors own 30.82% of the company’s stock.
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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