Amerco (NASDAQ:UHAL) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Monday.
Separately, BidaskClub downgraded Amerco from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd.
Amerco (NASDAQ:UHAL) traded up 1.77% on Monday, hitting $390.21. 72,281 shares of the stock were exchanged. The company has a 50-day moving average price of $376.16 and a 200-day moving average price of $368.75. Amerco has a 52-week low of $307.80 and a 52-week high of $398.94. The firm has a market cap of $7.65 billion, a PE ratio of 20.25 and a beta of 1.12.
Amerco (NASDAQ:UHAL) last issued its quarterly earnings data on Wednesday, August 9th. The transportation company reported $6.44 EPS 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 business had revenue of $957.93 million for the quarter, compared to analysts’ expectations of $943.57 million. During the same period in the previous year, the firm posted $7.51 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Amerco will post $20.36 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC lifted its position in Amerco by 63.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation company’s stock worth $114,000 after buying an additional 120 shares during the last quarter. Watermark Asset Management Inc. bought a new stake in Amerco in the 1st quarter worth approximately $124,000. Citigroup Inc. bought a new stake in Amerco in the 2nd quarter worth approximately $145,000. UBS Group AG lifted its position in Amerco by 98.4% in the 1st quarter. UBS Group AG now owns 508 shares of the transportation company’s stock worth $194,000 after buying an additional 252 shares during the last quarter. Finally, Comerica Bank bought a new stake in Amerco in the 1st quarter worth approximately $201,000. Institutional investors own 30.03% 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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