BidaskClub cut shares of AMERCO (NASDAQ:UHAL) from a hold rating to a sell rating in a report released on Friday, BidAskClub reports.

A number of other analysts also recently issued reports on the stock. ValuEngine downgraded shares of AMERCO from a buy rating to a hold rating in a report on Tuesday, July 9th. TheStreet upgraded shares of AMERCO from a c+ rating to a b- rating in a report on Thursday, May 16th.

UHAL stock opened at $351.80 on Friday. The firm has a market cap of $7.02 billion, a P/E ratio of 18.02 and a beta of 0.71. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.93 and a current ratio of 2.11. AMERCO has a 12 month low of $316.00 and a 12 month high of $403.92. The company has a 50-day simple moving average of $375.03.

AMERCO (NASDAQ:UHAL) last announced its quarterly earnings results on Wednesday, August 7th. The transportation company reported $6.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.14 by ($1.38). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. AMERCO had a return on equity of 9.82% and a net margin of 9.81%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.53 EPS. As a group, analysts anticipate that AMERCO will post 21.85 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its holdings in shares of AMERCO by 21.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,152 shares of the transportation company’s stock valued at $1,193,000 after purchasing an additional 551 shares in the last quarter. GAM Holding AG acquired a new stake in shares of AMERCO in the 2nd quarter valued at $397,000. Bank of New York Mellon Corp raised its holdings in shares of AMERCO by 16.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,139 shares of the transportation company’s stock valued at $17,466,000 after purchasing an additional 6,629 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of AMERCO by 0.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 53,284 shares of the transportation company’s stock valued at $20,171,000 after purchasing an additional 268 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of AMERCO by 13.8% in the 2nd quarter. Bank of Montreal Can now owns 511 shares of the transportation company’s stock valued at $195,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 37.74% of the company’s stock.

About AMERCO

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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