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

Natixis Advisors LLC trimmed its stake in AAON, Inc. (NASDAQ:AAON) by 32.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,551 shares of the construction company’s stock after selling 65,110 shares during the period. Natixis Advisors LLC owned approximately 0.17% of AAON worth $16,069,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AAON. Mather Group LLC. boosted its stake 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 buying an additional 193 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in AAON in the third quarter worth approximately $36,000. UMB Bank n.a. boosted its stake in AAON by 67.5% in the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after buying an additional 131 shares in the last quarter. Blue Trust Inc. boosted its stake in AAON by 28.4% in the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock worth $41,000 after buying an additional 84 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in AAON in the fourth quarter worth approximately $42,000. 70.81% of the stock is currently owned by institutional investors.

AAON Price Performance

Shares of AAON stock opened at $79.80 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The company has a market cap of $6.51 billion, a PE ratio of 35.15 and a beta of 1.00. The business has a 50 day moving average of $106.90 and a 200 day moving average of $113.34. AAON, Inc. has a 52 week low of $69.52 and a 52 week high of $144.07.

AAON Increases Dividend

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

AAON declared that its board has initiated a share repurchase program on Tuesday, March 4th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AAON shares. Robert W. Baird cut their target price on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. CJS Securities raised AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Friday, February 28th. DA Davidson dropped their price objective on AAON from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, StockNews.com lowered AAON from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AAON has an average rating of “Moderate Buy” and an average target price of $115.50.

Insider Activity at AAON

In other AAON news, Director David Raymond Stewart bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the acquisition, the director now directly owns 3,000 shares in the company, valued at $242,580. The trade was a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.55% of the stock is owned by corporate insiders.

AAON Profile

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.