Amerco (UHAL)

UHAL reports May 28

AMERCO Announces Transfer of Listing of Common Stock to the New York Stock Exchange; Sets Date of Name Change to U-Haul Holding Company
November 15 2022 - 05:43PM
PR Newswire (US)

RENO, Nev., Nov. 15, 2022 /PRNewswire/ -- AMERCO (Nasdaq: UHAL, UHALB), parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, announced it will transfer the listing of both series of the Company's common stock to the New York Stock Exchange ("NYSE") from The Nasdaq Global Select Market ("Nasdaq") effective December 19, 2022. On that day, trading of both series of stock will begin on NYSE, and AMERCO will officially change its name to U-Haul Holding Company. An Independent Special Committee of the Board of Directors approved these actions to increase the marketability of the stock.

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Is it time for Uhaul to soar again, given the millions of renters who haven't paid the monthly rent?

Perhaps they will have to move.

Trueheart

News: $UHAL Moving & Storage in Alaska: U-Haul Opening First Store in Kenai

KENAI, Alaska , Jan. 24, 2019 /PRNewswire/ --   U-Haul® is revealing details for its adaptive reuse of a vacated Lowes® store that will be transformed into the first U-Haul full-service facility in Kenai . U-Haul acquired the 15.35-acre property on Jan. 4 . U-Ha...

In case you are interested https://marketwirenews.com/news-releases/moving-storage-in-alaska-u-haul-opening-first-store-in-kenai-7548784.html

On track for 7 Billion this year!

Go U-Haul Go

Technicals look like a reverse on the trend line but we shall see!

Nice trend lines forming moving into the busy time.

Little upside for Amerco investors... 18% overvalued: Analysis

Nice call!

Trend lines and volume indicators are good at times like these. It is interesting that roughly 350,000 shares took it down so fast. They took their profit pretty close to the top imo. It is all good!

These look to be attractive levels down here.

Looks like the trading range between 360-380. 20 point swings!

Nice climb off the base!

Dividend is $4.00

Now is the time to take some off the table. The market is going to continue on the trend line it has been on. With the Minister of Oil stating that he is happy to go to 20 dollars a barrel.....Well you can read the tea leaves or watch the circus monkeys but this seems like a no brainer and a half! Time will tell imo.

Very nice bounce!

New 52-week low at $305 and change.

The PE ratio is 18.3. Wall Street appears to shearing stocks that have a high PE ratio and little or no dividends.

Trueheart

They might be trying to punish the stock price to convince the board to approve the 7 for 1 reverse split. They have been advocating it for years.

I like this company, the bones are good but the market is killing the share price. The LOD was two bucks above the 52-week low.

Trueheart

I know right? Well UHAL is back to the support it held for a very long time. $325 needs to hold

Yeah, that's a big chunk of shares. But there were also a big chunk of buys. What I found interesting is the price at $431.

Trueheart

What's with the insider moves lately? It looks like some big insider selling.

Nice day today up almost 8%.

The lack of dividend let's UHALs book value double ever 3.5 years. 22% ROE and a $110 current book value implies it will have a book value of $330 in about 5 years.

This is a great long term play in my opinion... Trusted brand, possible international growth if we got some more aggressive management.

Now trades at 13X 2016 with projected EPS growth of 20%.

I wouldn't bet against the share price going to $325.

The market is down in general, many good to great companies suffering 20% to 25% losses in share price.

UHAL is among them.

What may be hurting UHAL is its anemic dividend of less than 1%.

Trueheart

You think this settles around $325? If spent an entire year Around 325

Today's LOD so far is $100 below the all time high.

Trueheart

When the market's heading south, wholesale, taking good to great stocks with it, being prudent is the course.

Trueheart

If you are worried ask yourself why you bought it in the first place. It was trading at a 18 PE and now it is 16, just like the regular market. But UHAL has been growing faster then the general market.

IMO this is a buying opportunity, not a reason to panic and sell

If it holds around here the 1 year chart suggests were at the lower end of the bullish chart.

Support levels have all been broken so 330 looks to be the next stop imo.

I'm down a heck of a lot. My opinion says that consolidation is a ways off as the market is taking UHAL with it.

China nor interest rates nor a possible recession should cause this fall.

Trueheart

Not sure why. I'm not down much but it looks to be consolidating.

UHAL 15% off the 52-week high at $370.

Yikes.

Trueheart

I attribute the $12+ share drop to end of year selling.

Trueheart

Looks to me that the share price is going to heading back up after dropping to $380 lows.

Nice gain today.

Trueheart

About 15X forward PE with estimated 20% eps. This stock will make $30 per share in 2018. Should be around $600 by then.

At $376 the share price was off almost 14% off the 52 week high.

Trueheart

This stock is a cash cow. $110 is the book value with 25% ROC means it will take about 6 years for UHAL book value to trade at today's stock price. It's not bad, but it's a good reminder that cheaper stock is just a better deal. My guess is they will split and begin paying dividends within 1-2 years.

I bought more at $381.

America moves and it moves with U-Haul.

Trueheart

There aren't many company's with a PEG under 1, so this should be a solid long term hold

Nice buy at that price.

Trueheart

Picked up some at $385.

Buying opportunity? PEG under 1

Big drop. Landed at the LOD.

$405.

Trueheart

433.27 + 4.67 (1.09%)
Volume: 47,653

430.51 + 1.33 (0.31%) 11/19/15
Volume: 78,924

Thanks for the breakdown of the report.

The company's doing well and sure, steady growth is its hallmark.

Trueheart

What happened with Amerco this quarter?

•Revenue in its U-Haul segment, which accounted for more than 92% of total revenue, increased 6.2% from the year-ago period, to $888.3 million.

•Revenue in its property-casualty and life-insurance segment grew about 5.8%. (Overall company revenue growth was 6.2%. The numbers/percentages from the two segments don't add up exactly due to how the company reports results.)

•DIY-moving equipment rental revenue increased 6.8% from the year-ago period, to $698.2 million. Revenue and transactions from both the "in-town" (two-way rental) and one-way rental markets increased.

•Self-storage revenue increased 17%, to $62.1 million. The number of rooms rented continues to increase due to acquisitions and improvements in occupancy rates at existing locations. During the last year, Amerco has added approximately 2.7 million net rentable square feet to its owned self-storage portfolio, with more than 1.3 million of that added during the second quarter. Total occupancy rate was a strong 84% in the quarter, flat with the year-ago period's 84.1%.

•DIY-moving and self-storage product and service sales revenue increased 3.9%, to $70.7 million, while property management fees grew 9%, to $6.3 million. These are fees the company collects from managing self-storage units owned by others.

•Operating income in the U-Haul segment increased 14.1%, to $297.1 million. Operating margin expanded from 31.2% to 33.4%.

•Operating income in the insurance segment decreased 8.9%, to $14.1 million. Operating margin contracted from 21.6% to 18.6%.

•On Aug. 28, the company declared a cash dividend of $3 per share of common stock to holders of record on Sept. 16. The dividend was paid on Oct. 2.

What management had to say

Said CEO Joe Shoen, "We continued to see revenue growth in all major segments. Competitors continue to assert themselves. We aim to make U-Haul the customer's best choice in both self-move and self-store. I continue to view this as a long journey requiring sustained effort."

http://www.fool.com/investing/general/2015/11/08/amerco-earnings-u-hauls-results-keeps-rolling-alon.aspx?source=eptadnlnk0000002&utm_source=advfn&utm_medium=cpc&utm_campaign=investorshub