BlackRock Inc. Has $323.03 Million Holdings in Aaron’s, Inc. (AAN)
BlackRock Inc. raised its stake in Aaron’s, Inc. (NYSE:AAN) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,434,486 shares of the company’s stock after acquiring an additional 469,427 shares during the period. BlackRock Inc. owned approximately 10.75% of Aaron’s worth $323,026,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wedge Capital Management L L P NC raised its holdings in shares of Aaron’s by 88.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 2,601,402 shares of the company’s stock worth $113,031,000 after buying an additional 1,219,143 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Aaron’s during the 2nd quarter worth $28,126,000. Nuveen Asset Management LLC raised its holdings in shares of Aaron’s by 107.4% during the 1st quarter. Nuveen Asset Management LLC now owns 1,097,198 shares of the company’s stock worth $51,129,000 after buying an additional 568,252 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Aaron’s by 117.4% during the 2nd quarter. Wells Fargo & Company MN now owns 850,585 shares of the company’s stock worth $36,959,000 after buying an additional 459,401 shares in the last quarter. Finally, Landscape Capital Management L.L.C. raised its holdings in shares of Aaron’s by 819.2% during the 1st quarter. Landscape Capital Management L.L.C. now owns 206,804 shares of the company’s stock worth $9,637,000 after buying an additional 184,306 shares in the last quarter.
In other Aaron’s news, Director Ray M. Robinson sold 3,000 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $49.19, for a total value of $147,570.00. Following the sale, the director now owns 26,936 shares in the company, valued at approximately $1,324,981.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan K. Woodley sold 12,500 shares of the company’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $43.01, for a total value of $537,625.00. Following the completion of the sale, the chief executive officer now owns 146,550 shares in the company, valued at approximately $6,303,115.50. The disclosure for this sale can be found here. Insiders sold a total of 55,404 shares of company stock worth $2,664,743 in the last quarter. Corporate insiders own 2.28% of the company’s stock.
Shares of AAN stock opened at $52.23 on Friday. The firm has a market cap of $3.58 billion, a P/E ratio of 20.40 and a beta of 0.04. Aaron’s, Inc. has a twelve month low of $34.29 and a twelve month high of $52.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.70 and a current ratio of 2.60.
Aaron’s (NYSE:AAN) last issued its quarterly earnings data on Thursday, July 26th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. Aaron’s had a return on equity of 11.54% and a net margin of 8.14%. The business had revenue of $927.90 million for the quarter, compared to analyst estimates of $924.86 million. During the same quarter in the previous year, the company posted $0.68 EPS. Aaron’s’s quarterly revenue was up 13.8% compared to the same quarter last year. equities research analysts expect that Aaron’s, Inc. will post 3.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Thursday, September 20th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, September 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.23%. Aaron’s’s dividend payout ratio (DPR) is presently 4.69%.
Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions. It operates through three segments: Progressive Leasing, Aaron's Business, and DAMI. The company engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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