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.

AMERCO (NASDAQ:UHAL) last released its quarterly earnings results on Wednesday, November 8th. The transportation company reported $6.36 earnings per share for the quarter, missing analysts’ consensus estimates of $7.18 by ($0.82). AMERCO had a return on equity of 11.28% and a net margin of 9.30%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $975.90 million. During the same period in the previous year, the business posted $9.01 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. research analysts forecast that AMERCO will post 22.6 EPS for the current fiscal year.

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.

TRADEMARK VIOLATION NOTICE: This piece was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/12/30/amerco-uhal-rating-lowered-to-strong-sell-at-bidaskclub.html.

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.

Receive News & Stock Ratings for AMERCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMERCO and related stocks with our FREE daily email newsletter.