In this piece, we will take a look at the 5 best stocks to buy today according to value investor David Abrams. If you want more details about Mr. Abrams and his hedge fund, then head on over to 10 Best Stocks to Buy Today According to Value Investor David Abrams.
5. AMERCO (NASDAQ:UHAL)
Abrams Capital’s Stake Value: $362 million
Percentage of Abrams Capital’s 13F Portfolio: 7.9%
Number of Hedge Fund Holders: 25
AMERCO (NASDAQ:UHAL) is a storage and transportation provider in the United States which deals with the general public. It allows customers to rent out trucks, trailers, and storage spaces. It also operates an online marketplace alongside providing other specialty equipment.
For its fiscal Q2, AMERCO (NASDAQ:UHAL) earned $1.67 billion in revenue and $20.9 in GAAP EPS, beating analyst estimates for both.
David Abrams’ Abrams Capital Management owned 561,258 AMERCO (NASDAQ:UHAL) shares during Q3 2021. These were worth $362 million and represented 7.9% of its portfolio. Insider Monkey’s third quarter of 2021 survey of 867 hedge funds revealed that 25 owned the company’s shares.
AMERCO (NASDAQ:UHAL)’s largest investor after Abrams Capital is Donald Yacktman’s Yacktman Asset Management who owns 444,927 shares worth $287 million.
Smead Capital Management mentioned AMERCO (NASDAQ:UHAL) in its Q2 2021 investor letter. It outlined that:
“AMERCO (UHAL) backed off from terrific 12-month performance. Let them know if you’d like to rent a vehicle to go to Los Angeles from Phoenix. It only costs $189 to go to LA, but it cost $1,200 to rent the same vehicle in LA and drive it to Phoenix. These results can be directly tied to holding shares which are heavily under-owned by most institutions and professionals. Many of our companies are under-followed or downright disrespected by the analysts which are paid to research them. We hope we are still in an era where stock picking can shine.”