StockNews.com Downgrades AMERCO (NASDAQ:UHAL) to Hold

AMERCO (NASDAQ:UHALGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

NASDAQ UHAL opened at $473.89 on Wednesday. The company has a current ratio of 4.91, a quick ratio of 4.68 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of 8.27 and a beta of 0.97. The firm’s 50 day simple moving average is $511.67 and its 200 day simple moving average is $589.43. AMERCO has a 1 year low of $447.92 and a 1 year high of $769.90.

AMERCO (NASDAQ:UHALGet Rating) last issued its earnings results on Wednesday, May 25th. The transportation company reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $7.38 by ($2.96). AMERCO had a net margin of 19.57% and a return on equity of 19.56%. During the same quarter last year, the business posted $3.76 earnings per share.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of AMERCO by 35.9% during the first quarter. Bank of America Corp DE now owns 11,430 shares of the transportation company’s stock valued at $6,823,000 after acquiring an additional 3,022 shares during the last quarter. Walleye Capital LLC bought a new position in AMERCO during the first quarter worth $365,000. BNP Paribas Arbitrage SA raised its stake in AMERCO by 14.8% during the first quarter. BNP Paribas Arbitrage SA now owns 9,566 shares of the transportation company’s stock worth $5,710,000 after buying an additional 1,234 shares during the last quarter. Jane Street Group LLC raised its stake in AMERCO by 301.2% during the first quarter. Jane Street Group LLC now owns 2,339 shares of the transportation company’s stock worth $1,396,000 after buying an additional 1,756 shares during the last quarter. Finally, Point72 Hong Kong Ltd raised its stake in AMERCO by 83.4% during the first quarter. Point72 Hong Kong Ltd now owns 266 shares of the transportation company’s stock worth $159,000 after buying an additional 121 shares during the last quarter.

About AMERCO (Get Rating)

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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