Aaron’s, Inc. (AAN) Holdings Reduced by Profund Advisors LLC
Profund Advisors LLC decreased its holdings in Aaron’s, Inc. (NYSE:AAN) by 29.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,389 shares of the company’s stock after selling 3,833 shares during the quarter. Profund Advisors LLC’s holdings in Aaron’s, were worth $365,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of AAN. BlackRock Inc. grew its holdings in Aaron’s, by 14,081.2% in the 1st quarter. BlackRock Inc. now owns 6,938,700 shares of the company’s stock valued at $206,356,000 after buying an additional 6,889,771 shares during the period. AJO LP grew its holdings in Aaron’s, by 267.0% in the 2nd quarter. AJO LP now owns 1,468,601 shares of the company’s stock valued at $57,129,000 after buying an additional 1,068,399 shares during the period. Principal Financial Group Inc. grew its holdings in Aaron’s, by 223.7% in the 2nd quarter. Principal Financial Group Inc. now owns 906,077 shares of the company’s stock valued at $35,246,000 after buying an additional 626,128 shares during the period. Vanguard Group Inc. grew its holdings in Aaron’s, by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 6,298,343 shares of the company’s stock valued at $187,313,000 after buying an additional 361,856 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Aaron’s, by 3,522.0% in the 2nd quarter. Acadian Asset Management LLC now owns 308,699 shares of the company’s stock valued at $12,009,000 after buying an additional 300,176 shares during the period. Institutional investors own 99.83% of the company’s stock.
In other news, insider Curtis Linn Doman sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $43.35, for a total transaction of $1,300,500.00. Following the completion of the sale, the insider now directly owns 101,775 shares of the company’s stock, valued at approximately $4,411,946.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven A. Michaels sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $46.26, for a total value of $231,300.00. Following the sale, the chief financial officer now directly owns 61,095 shares of the company’s stock, valued at $2,826,254.70. The disclosure for this sale can be found here. Insiders have sold a total of 61,776 shares of company stock valued at $2,742,507 over the last ninety days. Company insiders own 1.93% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/06/aarons-inc-aan-holdings-reduced-by-profund-advisors-llc.html.
Shares of Aaron’s, Inc. (NYSE:AAN) opened at 44.57 on Friday. The stock has a market cap of $3.15 billion, a PE ratio of 22.90 and a beta of 0.21. The stock’s 50 day moving average price is $42.56 and its 200-day moving average price is $38.23. Aaron’s, Inc. has a one year low of $22.37 and a one year high of $48.22.
Aaron’s, (NYSE:AAN) last posted its quarterly earnings results on Friday, July 28th. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.10. Aaron’s, had a return on equity of 12.00% and a net margin of 4.36%. The company had revenue of $815.60 million during the quarter, compared to the consensus estimate of $786.12 million. During the same period last year, the business earned $0.59 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts predict that Aaron’s, Inc. will post $2.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a dividend of $0.027 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Thursday, September 14th. Aaron’s, ‘s dividend payout ratio (DPR) is presently 5.64%.
Several research firms have commented on AAN. SunTrust Banks, Inc. restated a “buy” rating on shares of Aaron’s, in a report on Monday, July 31st. Zacks Investment Research cut Aaron’s, from a “hold” rating to a “sell” rating in a report on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $55.00 price target (up previously from $40.00) on shares of Aaron’s, in a report on Sunday, July 30th. KeyCorp upgraded Aaron’s, from a “sector weight” rating to an “overweight” rating and set a $50.00 price target for the company in a report on Thursday, September 28th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $54.00 price target on shares of Aaron’s, in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $45.36.
Aaron’s, Company Profile
Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.
Receive News & Stock Ratings for Aaron's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aaron's Inc. and related stocks with our FREE daily email newsletter.