Bessemer Group Inc. Sells 181,205 Shares of Aaron’s, Inc. (AAN)

Bessemer Group Inc. decreased its holdings in shares of Aaron’s, Inc. (NYSE:AAN) by 65.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,889 shares of the company’s stock after selling 181,205 shares during the period. Bessemer Group Inc. owned about 0.13% of Aaron’s, worth $4,140,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Aaron’s, by 13.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock valued at $103,000 after purchasing an additional 312 shares during the last quarter. LS Investment Advisors LLC increased its stake in Aaron’s, by 34.5% during the second quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock valued at $103,000 after purchasing an additional 682 shares during the last quarter. Riverhead Capital Management LLC increased its stake in Aaron’s, by 70.9% during the second quarter. Riverhead Capital Management LLC now owns 3,930 shares of the company’s stock valued at $153,000 after purchasing an additional 1,630 shares during the last quarter. Victory Capital Management Inc. increased its stake in Aaron’s, by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,708 shares of the company’s stock valued at $183,000 after purchasing an additional 705 shares during the last quarter. Finally, ARP Americas LLC bought a new stake in Aaron’s, during the third quarter valued at $209,000.

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Aaron’s, Inc. (NYSE AAN) opened at C$36.59 on Monday. Aaron’s, Inc. has a 1-year low of C$26.12 and a 1-year high of C$48.22. The stock has a market cap of $2,589.15, a price-to-earnings ratio of 15.18 and a beta of 0.23. The company has a current ratio of 2.35, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24.

Aaron’s, (NYSE:AAN) last posted its quarterly earnings data on Friday, October 27th. The company reported C$0.43 earnings per share for the quarter, missing the consensus estimate of C$0.54 by C($0.11). The company had revenue of C$838.80 million during the quarter, compared to analyst estimates of C$827.20 million. Aaron’s, had a return on equity of 11.41% and a net margin of 4.15%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. sell-side analysts expect that Aaron’s, Inc. will post 2.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $0.12 annualized dividend and a yield of 0.33%. This is an increase from Aaron’s, ‘s previous quarterly dividend of $0.03. Aaron’s, ‘s dividend payout ratio is presently 5.79%.

Several research firms have weighed in on AAN. Northcoast Research reiterated a “buy” rating and set a $52.50 target price (up previously 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 initiated coverage on shares of Aaron’s, in a report on Monday, September 18th. They set a “sell” rating for the company. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Aaron’s, in a report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$43.06.

In related news, insider Curtis Linn Doman sold 30,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of C$43.35, for a total value of C$1,300,500.00. Following the completion of the sale, the insider now owns 101,775 shares of the company’s stock, valued at C$4,411,946.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan K. Woodley sold 6,776 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of C$44.30, for a total transaction of C$300,176.80. Following the completion of the sale, the chief executive officer now directly owns 145,849 shares of the company’s stock, valued at approximately C$6,461,110.70. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 2,913,000 shares of company stock valued at $118,730 and sold 60,779 shares valued at $2,511,865. Corporate insiders own 1.93% of the company’s stock.

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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