Amerco (NASDAQ:UHAL) has been assigned a consensus broker rating score of 2.00 (Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating. Amerco’s rating score has declined by 100% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus price objective of $427.50 for the company and are forecasting that the company will post $8.51 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Amerco an industry rank of 243 out of 265 based on the ratings given to its competitors.
Separately, CL King cut shares of Amerco from a “strong-buy” rating to a “buy” rating and lowered their price target for the company from $449.00 to $405.00 in a report on Friday, August 5th.
Amerco (NASDAQ:UHAL) opened at 331.70 on Tuesday. The company has a market capitalization of $6.50 billion, a P/E ratio of 13.98 and a beta of 1.38. Amerco has a 12-month low of $305.66 and a 12-month high of $436.89. The company has a 50-day moving average of $333.87 and a 200 day moving average of $357.21.
Amerco (NASDAQ:UHAL) last posted its earnings results on Wednesday, August 3rd. The company reported $7.51 EPS for the quarter, missing analysts’ consensus estimates of $8.72 by $1.21. The business had revenue of $923.40 million for the quarter, compared to analysts’ expectations of $941.32 million. Amerco had a net margin of 14.03% and a return on equity of 19.28%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the business posted $8.74 EPS. Equities research analysts forecast that Amerco will post $23.64 earnings per share for the current fiscal year.
The company also recently declared a special dividend, which will be paid on Thursday, November 3rd. Stockholders of record on Thursday, October 20th will be issued a $1.00 dividend. The ex-dividend date is Tuesday, October 18th.
In other news, Director Daniel Robert Mullen sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $352.00, for a total value of $352,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 52.00% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Amerco by 4.0% in the second quarter. Vanguard Group Inc. now owns 426,056 shares of the company’s stock worth $159,578,000 after buying an additional 16,571 shares during the period. Wellington Management Group LLP boosted its stake in Amerco by 22.8% in the first quarter. Wellington Management Group LLP now owns 252,948 shares of the company’s stock worth $90,381,000 after buying an additional 46,913 shares during the period. Columbia Wanger Asset Management LLC boosted its stake in Amerco by 33.2% in the second quarter. Columbia Wanger Asset Management LLC now owns 220,158 shares of the company’s stock worth $82,460,000 after buying an additional 54,882 shares during the period. James Investment Research Inc. boosted its stake in Amerco by 4.7% in the second quarter. James Investment Research Inc. now owns 212,357 shares of the company’s stock worth $79,538,000 after buying an additional 9,485 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Amerco by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 169,949 shares of the company’s stock worth $60,724,000 after buying an additional 4,014 shares during the period. Institutional investors own 28.15% 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.