BidaskClub downgraded shares of AMERCO (NASDAQ:UHAL) from a hold rating to a sell rating in a research report report published on Friday, February 16th.
Separately, ValuEngine cut AMERCO from a buy rating to a hold rating in a report on Friday, February 2nd.
Shares of AMERCO (UHAL) traded down $0.32 during trading on Friday, hitting $340.39. The company’s stock had a trading volume of 48,869 shares, compared to its average volume of 74,999. AMERCO has a fifty-two week low of $326.30 and a fifty-two week high of $400.99. The firm has a market capitalization of $6,606.85, a PE ratio of 8.45 and a beta of 1.04. 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 business also recently declared a special dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be given a $0.50 dividend. The ex-dividend date is Thursday, March 22nd.
In related news, Director Karl A. Schmidt purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average cost of $353.97 per share, for a total transaction of $353,970.00. Following the completion of the transaction, the director now directly owns 1,300 shares of the company’s stock, valued at $460,161. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John P. Brogan sold 200 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $381.16, for a total value of $76,232.00. Following the completion of the sale, the director now 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 owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank grew its position in shares of AMERCO by 241.2% in the third quarter. Toronto Dominion Bank now owns 290 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 205 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in AMERCO by 200.0% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 300 shares of the transportation company’s stock worth $113,000 after acquiring an additional 200 shares during the period. Public Employees Retirement Association of Colorado grew its position in AMERCO by 106.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 326 shares of the transportation company’s stock worth $123,000 after acquiring an additional 168 shares during the period. Citigroup Inc. purchased a new position in AMERCO in the second quarter worth approximately $145,000. Finally, State of Alaska Department of Revenue purchased a new position in AMERCO in the fourth quarter worth approximately $151,000. Institutional investors and hedge funds own 35.30% of the company’s stock.
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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