AMERCO (NASDAQ:UHAL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of AMERCO (NASDAQ:UHALGet Rating) from a hold rating to a buy rating in a research report report published on Tuesday.

AMERCO Stock Performance

UHAL opened at $58.62 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 5.20 and a quick ratio of 4.96. The business has a fifty day simple moving average of $53.66 and a 200 day simple moving average of $52.04. AMERCO has a 1 year low of $44.79 and a 1 year high of $74.19. The company has a market capitalization of $11.50 billion, a PE ratio of 10.91 and a beta of 0.93.

Insider Activity

In other AMERCO news, major shareholder Mark V. Shoen purchased 324,000 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were acquired at an average cost of $53.67 per share, with a total value of $17,389,080.00. Following the completion of the transaction, the insider now owns 324,000 shares in the company, valued at $17,389,080. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other AMERCO news, major shareholder Mark V. Shoen purchased 4,150 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was bought at an average cost of $55.82 per share, for a total transaction of $231,653.00. Following the completion of the transaction, the insider now owns 603,150 shares in the company, valued at $33,667,833. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Mark V. Shoen purchased 324,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was bought at an average price of $53.67 per share, with a total value of $17,389,080.00. Following the completion of the purchase, the insider now owns 324,000 shares of the company’s stock, valued at approximately $17,389,080. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 603,150 shares of company stock valued at $32,445,983. 42.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On AMERCO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of AMERCO by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 838,723 shares of the transportation company’s stock worth $427,094,000 after purchasing an additional 9,079 shares in the last quarter. Yacktman Asset Management LP grew its stake in AMERCO by 3.1% during the second quarter. Yacktman Asset Management LP now owns 733,498 shares of the transportation company’s stock worth $350,781,000 after buying an additional 21,819 shares in the last quarter. BlackRock Inc. increased its holdings in AMERCO by 1.1% in the 3rd quarter. BlackRock Inc. now owns 707,852 shares of the transportation company’s stock valued at $360,453,000 after buying an additional 7,958 shares during the period. Dimensional Fund Advisors LP increased its holdings in AMERCO by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 493,025 shares of the transportation company’s stock valued at $251,060,000 after buying an additional 8,053 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of AMERCO by 3.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 75,193 shares of the transportation company’s stock valued at $44,886,000 after buying an additional 2,498 shares in 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.

Further Reading

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