Aristotle Capital Management LLC Reduces Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Aristotle Capital Management LLC cut its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 7.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 324,659 shares of the company’s stock after selling 25,707 shares during the quarter. Aristotle Capital Management LLC’s holdings in FirstCash were worth $33,635,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiduciary Management Inc. WI grew its holdings in FirstCash by 76.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company’s stock valued at $135,046,000 after buying an additional 563,265 shares in the last quarter. Raymond James Financial Inc. purchased a new position in FirstCash during the fourth quarter valued at approximately $18,169,000. Marshall Wace LLP increased its holdings in FirstCash by 5,338.6% during the 4th quarter. Marshall Wace LLP now owns 137,597 shares of the company’s stock worth $14,255,000 after acquiring an additional 135,067 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in FirstCash by 28.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company’s stock worth $58,076,000 after purchasing an additional 123,386 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in FirstCash by 67.6% in the 4th quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company’s stock valued at $27,841,000 after purchasing an additional 108,353 shares during the period. 80.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and issued a $137.00 price target on shares of FirstCash in a report on Wednesday, February 19th. StockNews.com upgraded FirstCash from a “buy” rating to a “strong-buy” rating in a research note on Friday.

FirstCash Trading Up 0.9 %

Shares of FirstCash stock opened at $133.91 on Friday. The company has a 50 day simple moving average of $120.15 and a two-hundred day simple moving average of $112.65. The firm has a market cap of $5.99 billion, a PE ratio of 23.37 and a beta of 0.58. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.32. The company had revenue of $836.42 million during the quarter, compared to the consensus estimate of $837.11 million. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 EPS. Analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.14%. FirstCash’s dividend payout ratio (DPR) is presently 24.32%.

Insider Activity at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the transaction, the chief financial officer now directly owns 100,567 shares of the company’s stock, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the completion of the sale, the insider now owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by insiders.

FirstCash Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.