BidaskClub upgraded shares of AMERCO (NASDAQ:UHAL) from a strong sell rating to a sell rating in a research report released on Wednesday morning.

Separately, ValuEngine cut shares of AMERCO from a buy rating to a hold rating in a research report on Monday, October 2nd.

AMERCO (NASDAQ UHAL) traded up $0.46 during trading on Wednesday, hitting $374.77. 49,600 shares of the stock traded hands, compared to its average volume of 79,584. The company has a market capitalization of $7,410.00, a PE ratio of 22.52 and a beta of 1.11. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.37 and a current ratio of 2.60. AMERCO has a 52-week low of $338.30 and a 52-week high of $400.99.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position 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 last quarter. Abrams Capital Management L.P. increased its position 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 last quarter. Principal Financial Group Inc. increased its position 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 last quarter. Newtyn Management LLC increased its position 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 last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in AMERCO by 24.9% in the second quarter. Kovitz Investment Group Partners LLC now owns 132,393 shares of the transportation company’s stock worth $48,464,000 after purchasing an additional 26,385 shares during the last quarter. Institutional investors own 30.70% of the company’s stock.

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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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