AMERCO (NASDAQ:UHAL) Sees Strong Trading Volume

AMERCO (NASDAQ:UHALGet Rating) saw strong trading volume on Friday . 14,131 shares were traded during trading, a decline of 78% from the previous session’s volume of 64,678 shares.The stock last traded at $52.01 and had previously closed at $52.02.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of AMERCO from a “hold” rating to a “buy” rating in a research report on Friday.

AMERCO Price Performance

The company has a quick ratio of 4.91, a current ratio of 5.14 and a debt-to-equity ratio of 1.00. The firm’s 50-day moving average is $53.42 and its 200-day moving average is $52.01. The company has a market cap of $1.04 billion, a PE ratio of 9.84 and a beta of 0.93.

AMERCO Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, September 20th. Investors of record on Tuesday, September 6th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, September 2nd.

Institutional Investors Weigh In On AMERCO

Hedge funds have recently bought and sold shares of the business. Wipfli Financial Advisors LLC bought a new stake in AMERCO during the third quarter worth about $41,000. AdvisorNet Financial Inc boosted its stake in AMERCO by 37.5% during the second quarter. AdvisorNet Financial Inc now owns 110 shares of the transportation company’s stock worth $53,000 after acquiring an additional 30 shares in the last quarter. CWM LLC boosted its stake in AMERCO by 1,462.5% during the second quarter. CWM LLC now owns 125 shares of the transportation company’s stock worth $60,000 after acquiring an additional 117 shares in the last quarter. Focused Wealth Management Inc bought a new stake in AMERCO during the third quarter worth about $76,000. Finally, JJJ Advisors Inc. lifted its stake in shares of AMERCO by 36.6% in the first quarter. JJJ Advisors Inc. now owns 138 shares of the transportation company’s stock worth $82,000 after buying an additional 37 shares in the last quarter.

About AMERCO

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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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