39,030 Shares in Aaron’s, Inc. (AAN) Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. acquired a new position in Aaron’s, Inc. (NYSE:AAN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 39,030 shares of the company’s stock, valued at approximately $1,703,000. Robeco Institutional Asset Management B.V. owned about 0.06% of Aaron’s, as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Aaron’s, by 13.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock worth $103,000 after acquiring an additional 312 shares during the last quarter. LS Investment Advisors LLC raised its stake in Aaron’s, by 34.5% during the 2nd 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 last quarter. Riverhead Capital Management LLC raised its stake in Aaron’s, by 70.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,930 shares of the company’s stock valued at $153,000 after buying an additional 1,630 shares during the last quarter. Victory Capital Management Inc. raised its stake in Aaron’s, by 24.1% during the 1st 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 last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Aaron’s, during the 2nd quarter valued at $201,000.

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A number of equities research analysts have weighed in on the stock. Northcoast Research reiterated a “buy” rating and set a $52.50 target price (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 target price on shares of Aaron’s, in a research note on Friday, September 1st. Off Wall Street assumed coverage on shares of Aaron’s, in a research note on Monday, September 18th. They set a “sell” rating for the company. 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, four have assigned a hold rating and seven have issued a buy rating to the stock. Aaron’s, has an average rating of “Hold” and an average price target of $44.94.

Shares of Aaron’s, Inc. (NYSE:AAN) opened at 36.80 on Wednesday. The firm’s 50-day moving average is $41.74 and its 200-day moving average is $39.87. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 18.91 and a beta of 0.21. Aaron’s, Inc. has a 52 week low of $24.69 and a 52 week high of $48.22.

Aaron’s, (NYSE:AAN) last issued its earnings results on Friday, October 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.11). Aaron’s, had a return on equity of 11.41% and a net margin of 4.15%. The business had revenue of $838.80 million for the quarter, compared to analysts’ expectations of $827.20 million. During the same period last year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts forecast that Aaron’s, Inc. will post $2.49 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 0.29%. Aaron’s, ‘s payout ratio is 5.79%.

In other news, insider Robert P. Sinclair, Jr. sold 1,000 shares of Aaron’s, stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the sale, the insider now owns 11,469 shares in the company, valued at $516,105. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Curtis Linn Doman sold 30,000 shares of Aaron’s, stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $43.35, for a total transaction of $1,300,500.00. Following the completion of the sale, the insider now owns 101,775 shares in the company, valued at approximately $4,411,946.25. The disclosure for this sale can be found here. Insiders sold 41,776 shares of company stock valued at $1,819,557 in the last ninety days. 1.93% of the stock is owned by corporate insiders.

About Aaron’s,

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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