Shell Asset Management Co. Boosts Stock Position in The Aaron’s Company, Inc. (NYSE:AAN)

Shell Asset Management Co. increased its stake in shares of The Aaron’s Company, Inc. (NYSE:AANFree Report) by 93.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 36,486 shares of the company’s stock after purchasing an additional 17,655 shares during the quarter. Shell Asset Management Co. owned 0.12% of Aaron’s worth $382,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AAN. BlackRock Inc. grew its position in Aaron’s by 0.7% in the 2nd quarter. BlackRock Inc. now owns 5,955,388 shares of the company’s stock valued at $84,209,000 after acquiring an additional 39,111 shares during the last quarter. Vanguard Group Inc. grew its position in Aaron’s by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 3,976,760 shares of the company’s stock valued at $79,853,000 after acquiring an additional 221,788 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Aaron’s by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,743,950 shares of the company’s stock valued at $24,660,000 after acquiring an additional 94,387 shares during the last quarter. State Street Corp grew its position in Aaron’s by 1.0% in the 2nd quarter. State Street Corp now owns 1,282,329 shares of the company’s stock valued at $18,800,000 after acquiring an additional 12,461 shares during the last quarter. Finally, Palisade Capital Management LP grew its position in Aaron’s by 5.1% in the 2nd quarter. Palisade Capital Management LP now owns 1,249,095 shares of the company’s stock valued at $17,662,000 after acquiring an additional 61,013 shares during the last quarter. Institutional investors own 93.82% of the company’s stock.

Aaron’s Price Performance

AAN opened at $10.41 on Monday. The Aaron’s Company, Inc. has a 12-month low of $6.72 and a 12-month high of $16.16. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $10.72 and its 200-day simple moving average is $10.45. The company has a market capitalization of $315.72 million, a price-to-earnings ratio of 34.70 and a beta of 1.47.

Wall Street Analyst Weigh In

AAN has been the topic of several research analyst reports. Stephens raised Aaron’s from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 2nd. Truist Financial increased their price target on Aaron’s from $8.00 to $12.00 and gave the stock a “hold” rating in a research report on Thursday, December 21st. Finally, StockNews.com raised Aaron’s from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.36.

Check Out Our Latest Research Report on AAN

Insider Transactions at Aaron’s

In related news, President Stephen W. Olsen sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $11.08, for a total transaction of $110,800.00. Following the sale, the president now owns 94,885 shares of the company’s stock, valued at $1,051,325.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

About Aaron’s

(Free Report)

Headquartered in Atlanta, The Aaron’s Company, Inc (NYSE: AAN) is a leading, technology-enabled, omnichannel provider of lease-purchase solutions. Aaron’s engages in direct-to-consumer sales and lease ownership of furniture, appliances, consumer electronics and accessories through its approximately 1,300 company-operated and franchised stores in 47 states and 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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