AMERCO (NASDAQ:UHAL) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday.
Separately, BidaskClub cut AMERCO from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 19th.
AMERCO (NASDAQ:UHAL) traded down $8.13 during trading on Thursday, reaching $335.87. The company’s stock had a trading volume of 90,014 shares, compared to its average volume of 72,578. AMERCO has a 52 week low of $332.46 and a 52 week high of $400.99. The company has a quick ratio of 2.93, a current ratio of 3.13 and a debt-to-equity ratio of 0.98. The firm has a market cap of $6,830.37, a PE ratio of 8.34 and a beta of 1.01.
In related news, Director Karl A. Schmidt acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was bought at an average cost of $353.97 per share, with a total value of $353,970.00. Following the transaction, the director now owns 1,300 shares of the company’s stock, valued at $460,161. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John P. Brogan sold 200 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 5,800 shares of the company’s stock, valued at $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 and hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB lifted its holdings in shares of AMERCO by 31.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 3,364 shares of the transportation company’s stock valued at $1,271,000 after buying an additional 807 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of AMERCO by 200.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 300 shares of the transportation company’s stock valued at $113,000 after buying an additional 200 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in shares of AMERCO by 2.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 139,729 shares of the transportation company’s stock valued at $52,805,000 after buying an additional 3,579 shares during the period. Meadow Creek Investment Management LLC lifted its holdings in shares of AMERCO by 41.2% in the 4th quarter. Meadow Creek Investment Management LLC now owns 8,500 shares of the transportation company’s stock valued at $3,212,000 after buying an additional 2,482 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of AMERCO in the 4th quarter valued at approximately $3,499,000. 35.32% of the stock is owned by institutional investors and hedge funds.
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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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