Amerco (NASDAQ:UHAL) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Separately, BidaskClub lowered shares of Amerco from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd.

Shares of Amerco (UHAL) opened at 368.02 on Monday. The firm has a 50 day moving average price of $373.15 and a 200 day moving average price of $368.75. Amerco has a one year low of $307.80 and a one year high of $398.94. The stock has a market capitalization of $7.22 billion, a PE ratio of 19.10 and a beta of 1.08.

Amerco (NASDAQ:UHAL) last announced its earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $6.46 by ($0.02). Amerco had a return on equity of 12.85% and a net margin of 10.92%. The company had revenue of $957.93 million for the quarter, compared to analysts’ expectations of $943.57 million. During the same period last year, the business earned $7.51 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts predict that Amerco will post $20.36 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in UHAL. BlackRock Inc. boosted its position in shares of Amerco by 4,120.4% during the first quarter. BlackRock Inc. now owns 297,493 shares of the transportation company’s stock worth $113,401,000 after buying an additional 290,444 shares during the period. Abrams Capital Management L.P. grew its stake in shares of Amerco by 162.2% in the first quarter. Abrams Capital Management L.P. now owns 269,692 shares of the transportation company’s stock valued at $102,804,000 after buying an additional 166,832 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Amerco in the 2nd quarter valued at $32,388,000. Gruss Capital Management LP purchased a new stake in shares of Amerco in the 2nd quarter valued at $21,964,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Amerco by 32.7% in the 2nd quarter. Principal Financial Group Inc. now owns 234,744 shares of the transportation company’s stock valued at $85,930,000 after buying an additional 57,791 shares during the period. Institutional investors own 30.03% of the company’s stock.

About Amerco

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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