AMERCO (UHAL) Rating Lowered to Strong Sell at BidaskClub
AMERCO (NASDAQ:UHAL) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.
Separately, ValuEngine raised shares of AMERCO from a “hold” rating to a “buy” rating in a research report on Monday, September 11th.
AMERCO (NASDAQ UHAL) traded down $1.27 during mid-day trading on Friday, hitting $377.91. 32,092 shares of the stock were exchanged, compared to its average volume of 56,588. AMERCO has a twelve month low of $338.30 and a twelve month high of $400.99. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.60 and a quick ratio of 2.37. The firm has a market capitalization of $7,434.88, a P/E ratio of 22.74 and a beta of 1.11.
In other news, Director John P. Brogan sold 200 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 5,800 shares of the company’s stock, valued at $2,210,728. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 42.60% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in AMERCO by 1.6% in the second quarter. Vanguard Group Inc. now owns 476,587 shares of the transportation company’s stock worth $174,460,000 after purchasing an additional 7,690 shares during the period. Abrams Capital Management L.P. boosted its holdings in AMERCO by 46.3% in the second quarter. Abrams Capital Management L.P. now owns 394,610 shares of the transportation company’s stock worth $144,451,000 after purchasing an additional 124,918 shares during the period. Principal Financial Group Inc. boosted its holdings in AMERCO by 8.6% in the third quarter. Principal Financial Group Inc. now owns 255,019 shares of the transportation company’s stock worth $95,606,000 after purchasing an additional 20,275 shares during the period. Newtyn Management LLC boosted its holdings in AMERCO by 1.3% in the second quarter. Newtyn Management LLC now owns 157,000 shares of the transportation company’s stock worth $57,471,000 after purchasing an additional 2,000 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in AMERCO by 4.6% in the third quarter. Janus Henderson Group PLC now owns 92,541 shares of the transportation company’s stock worth $34,694,000 after purchasing an additional 4,064 shares during the period. 30.70% of the stock is owned by institutional investors and hedge funds.
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AMERCO Company Profile
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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