Acadian Asset Management LLC Has $12.01 Million Position in Aaron’s, Inc. (AAN)

Acadian Asset Management LLC boosted its stake in shares of Aaron’s, Inc. (NYSE:AAN) by 3,522.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,699 shares of the company’s stock after buying an additional 300,176 shares during the period. Acadian Asset Management LLC owned approximately 0.44% of Aaron’s, worth $12,009,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. LS Investment Advisors LLC raised its position in shares of Aaron’s, by 34.5% in the second quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock valued at $103,000 after buying an additional 682 shares during the period. Meadow Creek Investment Management LLC raised its position in shares of Aaron’s, by 5.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,556 shares of the company’s stock valued at $106,000 after buying an additional 168 shares during the period. Victory Capital Management Inc. raised its position in shares of Aaron’s, by 24.1% in the first quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock valued at $119,000 after buying an additional 778 shares during the period. TrimTabs Asset Management LLC raised its position in shares of Aaron’s, by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,048 shares of the company’s stock valued at $120,000 after buying an additional 1,904 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Aaron’s, by 29.5% in the first quarter. Bank of Montreal Can now owns 4,219 shares of the company’s stock valued at $126,000 after buying an additional 961 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Shares of Aaron’s, Inc. (AAN) traded up 0.23% during midday trading on Friday, reaching $43.53. The company had a trading volume of 1,108,686 shares. The stock has a 50-day moving average of $41.89 and a 200 day moving average of $34.98. Aaron’s, Inc. has a 52 week low of $22.37 and a 52 week high of $48.22. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 22.37 and a beta of 0.17.

Aaron’s, (NYSE:AAN) last released its earnings results on Friday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $815.60 million for the quarter, compared to the consensus estimate of $786.12 million. During the same period in the prior year, the firm earned $0.59 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. On average, analysts anticipate that Aaron’s, Inc. will post $2.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a $0.027 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, September 14th. Aaron’s, ‘s payout ratio is 5.64%.

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Several equities analysts have recently commented on the company. Jefferies Group LLC reiterated a “buy” rating on shares of Aaron’s, in a research report on Sunday, July 30th. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price objective (up from $40.00) on shares of Aaron’s, in a research report on Sunday, July 30th. 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 report on Monday, July 31st. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aaron’s, in a research report on Monday, July 31st. Finally, TheStreet upgraded Aaron’s, from a “c+” rating to a “b-” rating in a report on Monday, April 24th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $42.50.

In related news, CEO John W. Robinson sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $46.11, for a total value of $691,650.00. Following the transaction, the chief executive officer now directly owns 348,440 shares of the company’s stock, valued at approximately $16,066,568.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Steven A. Michaels sold 5,000 shares of the 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 in the company, valued at $2,826,254.70. The disclosure for this sale can be found here. 1.93% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Aaron`s,  (NYSE:AAN)

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