Comerica Bank Has $4.72 Million Stake in Aaron’s, Inc. (AAN)

Comerica Bank cut its holdings in Aaron’s, Inc. (NYSE:AAN) by 51.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 113,074 shares of the company’s stock after selling 118,820 shares during the quarter. Comerica Bank’s holdings in Aaron’s were worth $4,717,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AAN. Dividend Assets Capital LLC boosted its stake in Aaron’s by 191.7% in the fourth quarter. Dividend Assets Capital LLC now owns 625,665 shares of the company’s stock valued at $24,932,000 after buying an additional 411,162 shares in the last quarter. American Century Companies Inc. boosted its stake in Aaron’s by 206.0% in the third quarter. American Century Companies Inc. now owns 434,161 shares of the company’s stock valued at $18,942,000 after buying an additional 292,286 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Aaron’s by 74.9% in the third quarter. Russell Investments Group Ltd. now owns 434,346 shares of the company’s stock valued at $18,949,000 after buying an additional 185,958 shares in the last quarter. APG Asset Management N.V. acquired a new stake in Aaron’s in the third quarter valued at about $7,120,000. Finally, State Street Corp boosted its stake in Aaron’s by 6.8% in the second quarter. State Street Corp now owns 2,235,516 shares of the company’s stock valued at $86,967,000 after buying an additional 142,599 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Aaron’s, Inc. (AAN) opened at $40.33 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 0.74. The company has a market capitalization of $2,795.77, a PE ratio of 16.39 and a beta of 0.20. Aaron’s, Inc. has a 1 year low of $26.12 and a 1 year high of $48.22.

AAN has been the topic of several research analyst reports. Raymond James Financial raised Aaron’s from a “market perform” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research note on Friday, November 10th. Zacks Investment Research raised Aaron’s from a “sell” rating to a “hold” rating in a research note on Thursday, December 28th. Jefferies Group reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Aaron’s in a research note on Tuesday, December 26th. Stephens reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Aaron’s in a research note on Wednesday, January 3rd. Finally, Loop Capital raised Aaron’s from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $46.10.

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Aaron’s Profile

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.

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Institutional Ownership by Quarter for Aaron`s (NYSE:AAN)

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