AHL Partners LLP Has $2.11 Million Holdings in Aaron’s, Inc. (AAN)

AHL Partners LLP lowered its position in shares of Aaron’s, Inc. (NYSE:AAN) by 46.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,338 shares of the company’s stock after selling 47,923 shares during the quarter. AHL Partners LLP owned 0.08% of Aaron’s, worth $2,114,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Aaron’s, by 4.3% during the second quarter. BlackRock Inc. now owns 7,237,539 shares of the company’s stock valued at $281,540,000 after purchasing an additional 298,839 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Aaron’s, by 0.4% during the second quarter. Vanguard Group Inc. now owns 6,320,969 shares of the company’s stock valued at $245,885,000 after purchasing an additional 22,626 shares in the last quarter. Northern Trust Corp lifted its holdings in Aaron’s, by 6.2% during the second quarter. Northern Trust Corp now owns 1,574,361 shares of the company’s stock valued at $61,243,000 after purchasing an additional 91,801 shares in the last quarter. AJO LP lifted its holdings in Aaron’s, by 267.0% during the second quarter. AJO LP now owns 1,468,601 shares of the company’s stock valued at $57,129,000 after purchasing an additional 1,068,399 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Aaron’s, by 17.1% during the second quarter. Ameriprise Financial Inc. now owns 1,288,500 shares of the company’s stock valued at $50,124,000 after purchasing an additional 188,016 shares in the last quarter.

Aaron’s, Inc. (NYSE:AAN) opened at 42.46 on Friday. Aaron’s, Inc. has a 12-month low of $22.37 and a 12-month high of $48.22. The stock has a market cap of $3.00 billion, a P/E ratio of 21.82 and a beta of 0.21. The stock has a 50 day moving average of $42.55 and a 200 day moving average of $38.76.

Aaron’s, (NYSE:AAN) last released its quarterly earnings results on Friday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. Aaron’s, had a net margin of 4.36% and a return on equity of 12.00%. The firm had revenue of $815.60 million for the quarter, compared to analysts’ expectations of $786.12 million. During the same quarter last year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Aaron’s, Inc. will post $2.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a $0.027 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.11 dividend on an annualized basis and a yield of 0.25%. Aaron’s, ‘s payout ratio is currently 5.64%.

In other Aaron’s, news, insider Robert P. Sinclair, Jr. sold 4,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $43.47, for a total value of $173,880.00. Following the transaction, the insider now owns 12,469 shares in the company, valued at approximately $542,027.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John W. Robinson sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $46.11, for a total value of $691,650.00. Following the completion of the transaction, the chief executive officer now owns 348,440 shares in the company, valued at approximately $16,066,568.40. The disclosure for this sale can be found here. Insiders sold a total of 61,776 shares of company stock worth $2,742,507 in the last 90 days. 1.93% of the stock is currently owned by insiders.

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AAN has been the topic of several analyst reports. BidaskClub downgraded shares of Aaron’s, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Aaron’s, in a report on Sunday, July 30th. Stifel Nicolaus reissued a “buy” rating and issued a $55.00 target price (up previously from $40.00) on shares of Aaron’s, in a report on Sunday, July 30th. SunTrust Banks, Inc. reissued a “buy” rating on shares of Aaron’s, in a report on Monday, July 31st. Finally, Northcoast Research reissued a “buy” rating and issued a $52.50 target price (up previously from $45.00) on shares of Aaron’s, in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.36.

Aaron’s, 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.

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

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