ValuEngine Upgrades AMERCO (UHAL) to “Buy”
ValuEngine upgraded shares of AMERCO (NASDAQ:UHAL) from a hold rating to a buy rating in a research report report published on Thursday morning.
Separately, BidaskClub raised AMERCO from a sell rating to a hold rating in a research report on Monday, February 5th.
Shares of AMERCO (NASDAQ:UHAL) opened at $331.17 on Thursday. The company has a current ratio of 3.13, a quick ratio of 2.93 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $6,493.51, a price-to-earnings ratio of 21.19 and a beta of 1.04. AMERCO has a 52-week low of $330.11 and a 52-week high of $400.99.
In other AMERCO news, Director Karl A. Schmidt acquired 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was purchased at an average price of $353.97 per share, with a total value of $353,970.00. Following the transaction, the director now directly owns 1,300 shares of the company’s stock, valued at $460,161. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John P. Brogan sold 200 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $381.16, for a total value of $76,232.00. Following the completion of the sale, the director now directly owns 5,800 shares of the company’s stock, valued at approximately $2,210,728. The disclosure for this sale can be found here. 42.60% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of UHAL. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of AMERCO in the 4th quarter worth $155,630,000. Gruss Capital Management LP boosted its position in shares of AMERCO by 71.7% in the 4th quarter. Gruss Capital Management LP now owns 103,000 shares of the transportation company’s stock worth $38,925,000 after purchasing an additional 43,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of AMERCO by 44.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 124,014 shares of the transportation company’s stock worth $46,866,000 after purchasing an additional 38,309 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of AMERCO by 8.6% in the 3rd 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of AMERCO by 80.4% in the 4th quarter. Renaissance Technologies LLC now owns 36,565 shares of the transportation company’s stock worth $13,818,000 after purchasing an additional 16,299 shares in the last quarter. 35.28% of the stock is owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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