Universal Beteiligungs und Servicegesellschaft mbH Has $1.31 Million Holdings in Aaron’s Holdings Company, Inc. $PRG

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 419.7% in the third quarter, Holdings Channel.com reports. The firm owned 40,363 shares of the company’s stock after acquiring an additional 32,597 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Aaron’s were worth $1,306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Allianz Asset Management GmbH raised its position in Aaron’s by 10.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 998,674 shares of the company’s stock valued at $29,311,000 after buying an additional 91,574 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Aaron’s by 12.1% in the second quarter. Ameriprise Financial Inc. now owns 747,718 shares of the company’s stock valued at $21,946,000 after purchasing an additional 80,434 shares during the last quarter. Millennium Management LLC lifted its position in shares of Aaron’s by 62.7% in the first quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock worth $17,913,000 after purchasing an additional 259,630 shares in the last quarter. Palisade Capital Management LP boosted its holdings in Aaron’s by 9.4% during the second quarter. Palisade Capital Management LP now owns 631,744 shares of the company’s stock worth $18,542,000 after purchasing an additional 54,388 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Aaron’s by 1.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 468,610 shares of the company’s stock valued at $13,754,000 after purchasing an additional 8,386 shares in the last quarter. 97.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. B. Riley initiated coverage on shares of Aaron’s in a research note on Tuesday, December 16th. They set a “buy” rating and a $50.00 price objective for the company. Wall Street Zen cut Aaron’s from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aaron’s in a research report on Thursday, January 22nd. TD Cowen cut their price objective on Aaron’s from $41.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Finally, BTIG Research upgraded shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price on the stock in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Aaron’s currently has an average rating of “Moderate Buy” and an average price target of $38.83.

Aaron’s Price Performance

Shares of PRG opened at $32.46 on Friday. The company’s 50-day moving average is $30.72 and its 200-day moving average is $31.48. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.74 and a quick ratio of 2.65. The firm has a market capitalization of $1.28 billion, a PE ratio of 8.24 and a beta of 1.75. Aaron’s Holdings Company, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $44.42.

Aaron’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, November 18th. This represents a $0.52 annualized dividend and a yield of 1.6%. Aaron’s’s dividend payout ratio (DPR) is 13.20%.

Aaron’s Profile

PROG Holdings, Inc (NYSE: PRG), formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.