8,096 Shares in Aaron’s Holdings Company, Inc. (NYSE:PRG) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Aaron’s Holdings Company, Inc. (NYSE:PRG) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,096 shares of the company’s stock, valued at approximately $215,000.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Aaron’s by 2.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,201 shares of the company’s stock worth $980,000 after acquiring an additional 446 shares during the period. LPL Financial LLC lifted its holdings in Aaron’s by 2.4% during the 4th quarter. LPL Financial LLC now owns 19,719 shares of the company’s stock worth $833,000 after purchasing an additional 458 shares during the last quarter. Comerica Bank lifted its holdings in Aaron’s by 1.2% during the 4th quarter. Comerica Bank now owns 39,029 shares of the company’s stock worth $1,649,000 after purchasing an additional 473 shares during the last quarter. State of Wyoming boosted its stake in Aaron’s by 10.9% in the 4th quarter. State of Wyoming now owns 5,694 shares of the company’s stock valued at $241,000 after purchasing an additional 560 shares during the period. Finally, Diversified Trust Co grew its holdings in Aaron’s by 7.2% in the 1st quarter. Diversified Trust Co now owns 8,647 shares of the company’s stock valued at $230,000 after buying an additional 583 shares in the last quarter. 97.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PRG. KeyCorp dropped their target price on Aaron’s from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. BTIG Research cut shares of Aaron’s from a “neutral” rating to a “sell” rating and set a $24.00 price objective for the company. in a research note on Monday, July 14th. Loop Capital cut their price objective on shares of Aaron’s from $45.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen cut shares of Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Aaron’s Trading Up 1.8%

PRG opened at $31.04 on Tuesday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 6.13 and a beta of 1.75. The company has a quick ratio of 2.82, a current ratio of 5.71 and a debt-to-equity ratio of 0.89. Aaron’s Holdings Company, Inc. has a twelve month low of $23.50 and a twelve month high of $50.28. The company has a 50-day simple moving average of $29.74 and a 200 day simple moving average of $30.50.

Aaron’s (NYSE:PRG) last issued its earnings results on Wednesday, July 23rd. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.79 by $0.23. The company had revenue of $604.66 million during the quarter, compared to analysts’ expectations of $586.25 million. Aaron’s had a net margin of 8.53% and a return on equity of 22.54%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 EPS. Analysts predict that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current fiscal year.

Aaron’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, May 20th. Aaron’s’s dividend payout ratio (DPR) is currently 10.28%.

Insiders Place Their Bets

In other Aaron’s news, CEO Steven A. Michaels bought 14,000 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $29.03 per share, for a total transaction of $406,420.00. Following the completion of the transaction, the chief executive officer directly owned 559,641 shares in the company, valued at approximately $16,246,378.23. The trade was a 2.57% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian Garner bought 3,500 shares of the stock in a transaction on Tuesday, May 13th. The shares were acquired at an average cost of $28.93 per share, with a total value of $101,255.00. Following the purchase, the chief financial officer owned 132,597 shares of the company’s stock, valued at approximately $3,836,031.21. This represents a 2.71% increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.21% of the company’s stock.

Aaron’s Company Profile

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.