Fuller & Thaler Asset Management Inc. Lowers Holdings in Aaron’s, Inc. (AAN)
Fuller & Thaler Asset Management Inc. cut its position in Aaron’s, Inc. (NYSE:AAN) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,240 shares of the company’s stock after selling 3,500 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.40% of Aaron’s, worth $12,271,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Great West Life Assurance Co. Can raised its stake in shares of Aaron’s, by 0.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 38,370 shares of the company’s stock valued at $1,492,000 after purchasing an additional 307 shares during the period. Legal & General Group Plc raised its stake in shares of Aaron’s, by 10.3% during the 2nd quarter. Legal & General Group Plc now owns 80,025 shares of the company’s stock valued at $3,112,000 after purchasing an additional 7,493 shares during the period. Principal Financial Group Inc. raised its stake in shares of Aaron’s, by 223.7% during the 2nd quarter. Principal Financial Group Inc. now owns 906,077 shares of the company’s stock valued at $35,246,000 after purchasing an additional 626,128 shares during the period. Numeric Investors LLC bought a new stake in shares of Aaron’s, during the 2nd quarter valued at $576,000. Finally, Sterling Capital Management LLC bought a new stake in shares of Aaron’s, during the 2nd quarter valued at $1,293,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.
Aaron’s, Inc. (NYSE AAN) traded down $0.60 during trading on Thursday, reaching $35.60. The company had a trading volume of 594,585 shares, compared to its average volume of 834,715. Aaron’s, Inc. has a twelve month low of $26.12 and a twelve month high of $48.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.74 and a current ratio of 2.35. The stock has a market capitalization of $2,561.55, a PE ratio of 15.02 and a beta of 0.23.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 12th. This is a boost from Aaron’s, ‘s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 0.34%. Aaron’s, ‘s dividend payout ratio is currently 5.79%.
In related news, insider Robert P. Sinclair, Jr. sold 1,000 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the sale, the insider now directly owns 11,469 shares in the company, valued at approximately $516,105. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan K. Woodley sold 6,776 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $44.30, for a total value of $300,176.80. Following the transaction, the chief executive officer now directly owns 145,849 shares of the company’s stock, valued at approximately $6,461,110.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 2,333,000 shares of company stock valued at $101,330 and have sold 56,779 shares valued at $2,337,985. Corporate insiders own 1.93% of the company’s stock.
A number of analysts recently issued reports on the company. Northcoast Research reiterated a “buy” rating and set a $52.50 price objective (up from $45.00) on shares of Aaron’s, in a research note on Monday, July 31st. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aaron’s, in a research note on Monday, July 31st. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price objective on shares of Aaron’s, in a research note on Friday, September 1st. Off Wall Street assumed coverage on Aaron’s, in a research note on Monday, September 18th. They set a “sell” rating on the stock. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Aaron’s, in a research note on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $43.06.
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.
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