BidaskClub upgraded shares of AMERCO (NASDAQ:UHAL) from a hold rating to a buy rating in a research note published on Saturday morning, BidAskClub reports.

Separately, TheStreet upgraded AMERCO from a c+ rating to a b- rating in a research report on Wednesday, September 9th.

AMERCO stock opened at $378.30 on Friday. The stock has a market capitalization of $7.42 billion, a PE ratio of 18.67 and a beta of 0.73. AMERCO has a 12 month low of $222.34 and a 12 month high of $426.50. The business has a 50 day simple moving average of $348.87 and a 200-day simple moving average of $309.35. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.95 and a quick ratio of 2.78.

AMERCO (NASDAQ:UHAL) last posted its quarterly earnings data on Wednesday, August 5th. The transportation company reported $4.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $2.69. The business had revenue of $987.24 million during the quarter, compared to analysts’ expectations of $866.50 million. AMERCO had a return on equity of 5.83% and a net margin of 10.22%. On average, equities research analysts anticipate that AMERCO will post 5.84 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Monday, September 21st. Shareholders of record on Monday, September 7th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 3rd.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in AMERCO by 10.7% during the second quarter. US Bancorp DE now owns 332 shares of the transportation company’s stock worth $100,000 after buying an additional 32 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in AMERCO by 2.9% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,210 shares of the transportation company’s stock worth $352,000 after buying an additional 34 shares during the last quarter. Capital Insight Partners LLC boosted its stake in AMERCO by 1.8% during the second quarter. Capital Insight Partners LLC now owns 3,088 shares of the transportation company’s stock worth $933,000 after buying an additional 56 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in AMERCO by 18.1% during the first quarter. Rockefeller Capital Management L.P. now owns 391 shares of the transportation company’s stock worth $114,000 after buying an additional 60 shares during the last quarter. Finally, Sowell Financial Services LLC lifted its stake in shares of AMERCO by 9.8% in the 1st quarter. Sowell Financial Services LLC now owns 749 shares of the transportation company’s stock valued at $218,000 after purchasing an additional 67 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors.

AMERCO Company Profile

AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.

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