Bank of Montreal Can decreased its stake in Aaron’s, Inc. (NYSE:AAN) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,011 shares of the specialty retailer’s stock after selling 8,784 shares during the period. Bank of Montreal Can owned 0.30% of Aaron’s worth $12,508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AAN. State of Alaska Department of Revenue increased its position in Aaron’s by 8.4% during the fourth quarter. State of Alaska Department of Revenue now owns 13,319 shares of the specialty retailer’s stock worth $774,000 after purchasing an additional 1,091 shares during the period. Campbell & CO Investment Adviser LLC increased its position in Aaron’s by 22.1% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 14,101 shares of the specialty retailer’s stock worth $887,000 after purchasing an additional 2,707 shares during the period. WINTON GROUP Ltd acquired a new position in Aaron’s during the fourth quarter worth about $280,000. Legal & General Group Plc increased its position in Aaron’s by 24.8% during the fourth quarter. Legal & General Group Plc now owns 59,048 shares of the specialty retailer’s stock worth $3,099,000 after purchasing an additional 11,293 shares during the period. Finally, Comerica Bank increased its position in Aaron’s by 13.6% during the fourth quarter. Comerica Bank now owns 125,237 shares of the specialty retailer’s stock worth $7,087,000 after purchasing an additional 15,144 shares during the period.

Get Aaron's alerts:

In other news, EVP Thomas W. Kennedy sold 3,765 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $33.37, for a total value of $117,759.95. Following the transaction, the executive vice president now directly owns 105,046 shares of the company’s stock, valued at approximately $3,831,545.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Craig Crowe sold 9,178 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $33.10, for a total value of $323,740.80. Following the completion of the transaction, the executive vice president now directly owns 125,026 shares in the company, valued at $4,610,227.60. The disclosure for this sale can be found here. Insiders sold 48,039 shares of company stock worth $1,858,186 over the last ninety days. 0.85% of the stock is currently owned by corporate insiders.

AAN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered Aaron’s from an “overweight” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research note on Wednesday, January 31st. Wedbush reissued a “neutral” rating and issued a $29.00 price objective (down previously from $35.00) on shares of Aaron’s in a research note on Thursday, December 13th. Morgan Stanley dropped their price objective on Aaron’s from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. Zacks Investment Research raised Aaron’s from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, January 30th. Finally, B. Riley lifted their price objective on Aaron’s from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $37.41.

Aaron’s, Inc