Amerco (UHAL) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Amerco (NASDAQ:UHAL) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

Separately, BidaskClub upgraded shares of Amerco from a buy rating to a strong-buy rating in a research report on Monday, July 31st.

Amerco (NASDAQ UHAL) traded up 0.57% during mid-day trading on Monday, hitting $385.43. 8,929 shares of the stock traded hands. Amerco has a 12 month low of $307.80 and a 12 month high of $398.94. The company has a market cap of $7.56 billion, a P/E ratio of 20.00 and a beta of 1.12. The company’s 50 day moving average is $377.05 and its 200 day moving average is $369.17.

Amerco (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $6.46 by ($0.02). The firm had revenue of $957.93 million during the quarter, compared to the consensus estimate of $943.57 million. Amerco had a return on equity of 12.85% and a net margin of 10.92%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.51 earnings per share. On average, analysts expect that Amerco will post $20.36 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in UHAL. Riverhead Capital Management LLC lifted its holdings in shares of Amerco by 63.2% in the second quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation company’s stock worth $114,000 after buying an additional 120 shares in the last quarter. Watermark Asset Management Inc. purchased a new position in shares of Amerco in the first quarter worth $124,000. Citigroup Inc. purchased a new position in shares of Amerco in the second quarter worth $145,000. UBS Group AG lifted its holdings in shares of Amerco by 98.4% in the first quarter. UBS Group AG now owns 508 shares of the transportation company’s stock worth $194,000 after buying an additional 252 shares in the last quarter. Finally, Comerica Bank purchased a new position in shares of Amerco in the first quarter worth $201,000. 30.03% of the stock is currently owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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