ValuEngine Lowers AMERCO (NASDAQ:UHAL) to Hold

ValuEngine downgraded shares of AMERCO (NASDAQ:UHAL) from a buy rating to a hold rating in a research note issued to investors on Tuesday, ValuEngine reports.

UHAL has been the subject of several other reports. TheStreet raised ZTO Express (Cayman) from a c+ rating to a b rating in a research note on Thursday, May 16th. BidaskClub raised Zebra Technologies from a hold rating to a buy rating in a research note on Saturday, July 6th.

Shares of UHAL stock opened at $376.69 on Tuesday. AMERCO has a 1 year low of $316.00 and a 1 year high of $403.92. The firm has a market cap of $7.30 billion, a PE ratio of 19.30 and a beta of 0.73. The firm’s fifty day moving average price is $382.22. The company has a current ratio of 2.11, a quick ratio of 1.93 and a debt-to-equity ratio of 1.08.

AMERCO (NASDAQ:UHAL) last released its quarterly earnings data on Wednesday, May 29th. The transportation company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.84) by $0.88. The business had revenue of $725.53 million during the quarter, compared to analyst estimates of $789.23 million. AMERCO had a return on equity of 9.81% and a net margin of 9.84%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.56 EPS. As a group, sell-side analysts predict that AMERCO will post 21.85 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in AMERCO by 29.9% during the fourth quarter. BlackRock Inc. now owns 495,926 shares of the transportation company’s stock valued at $162,718,000 after purchasing an additional 114,030 shares in the last quarter. Swiss National Bank raised its position in shares of AMERCO by 72.9% during the 1st quarter. Swiss National Bank now owns 48,770 shares of the transportation company’s stock valued at $18,119,000 after acquiring an additional 20,570 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of AMERCO by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 460,746 shares of the transportation company’s stock valued at $151,180,000 after acquiring an additional 19,452 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of AMERCO by 567.0% in the 1st quarter. SG Americas Securities LLC now owns 20,118 shares of the transportation company’s stock valued at $7,474,000 after buying an additional 17,102 shares during the period. Finally, Norges Bank acquired a new position in shares of AMERCO in the 4th quarter valued at $5,572,000. Institutional investors and hedge funds own 37.89% of the company’s stock.

AMERCO Company Profile

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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