Natixis Advisors LLC Sells 65,110 Shares of AAON, Inc. (NASDAQ:AAON)

Natixis Advisors LLC decreased its position in AAON, Inc. (NASDAQ:AAON) by 32.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,551 shares of the construction company’s stock after selling 65,110 shares during the quarter. Natixis Advisors LLC’s holdings in AAON were worth $16,069,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. raised its holdings in AAON by 521.6% in the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after purchasing an additional 193 shares in the last quarter. Westside Investment Management Inc. bought a new position in shares of AAON during the third quarter valued at $36,000. UMB Bank n.a. increased its holdings in shares of AAON by 67.5% during the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock valued at $38,000 after acquiring an additional 131 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of AAON by 28.4% during the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock valued at $41,000 after acquiring an additional 84 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of AAON during the fourth quarter valued at $42,000. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

AAON has been the subject of several analyst reports. Robert W. Baird reduced their price target on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a report on Friday, February 28th. CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Friday, February 28th. StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Finally, DA Davidson reduced their price target on AAON from $150.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $115.50.

AAON Trading Down 3.6 %

AAON stock opened at $79.80 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. AAON, Inc. has a one year low of $69.52 and a one year high of $144.07. The stock has a market capitalization of $6.51 billion, a PE ratio of 35.15 and a beta of 1.00. The business’s fifty day moving average is $106.90 and its 200 day moving average is $113.34.

AAON Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 18th. This is a boost from AAON’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.50%. AAON’s dividend payout ratio (DPR) is 19.90%.

AAON declared that its Board of Directors has initiated a stock repurchase program on Tuesday, March 4th that permits the company to repurchase $30.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at AAON

In other news, Director David Raymond Stewart bought 1,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $80.86 per share, with a total value of $80,860.00. Following the completion of the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $242,580. This trade represents a 50.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 18.55% of the stock is currently owned by insiders.

About AAON

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.