Sei Investments Co. Sells 20,316 Shares of AAON, Inc. (NASDAQ:AAON)

Sei Investments Co. reduced its position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,017 shares of the construction company's stock after selling 20,316 shares during the period. Sei Investments Co. owned about 0.27% of AAON worth $25,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AAON. Mather Group LLC. lifted its holdings in AAON by 521.6% during the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company's stock worth $27,000 after buying an additional 193 shares during the period. Twin Tree Management LP bought a new position in AAON during the fourth quarter worth $33,000. Westside Investment Management Inc. acquired a new stake in shares of AAON in the 3rd quarter valued at about $36,000. UMB Bank n.a. grew 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 valued at $38,000 after acquiring an additional 131 shares during the period. Finally, Blue Trust Inc. increased its position in shares of AAON by 28.4% during the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock worth $41,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. DA Davidson decreased their price objective on AAON from $150.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 28th. StockNews.com downgraded shares of AAON from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Robert W. Baird lowered their target price on AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. Finally, CJS Securities raised shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $115.50.

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Insider Transactions at AAON

In other news, Director David Raymond Stewart acquired 1,000 shares of AAON stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $80.86 per share, for a total transaction of $80,860.00. Following the transaction, the director now owns 3,000 shares of the company's stock, valued at $242,580. This trade represents a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 18.55% of the stock is currently owned by insiders.

AAON Price Performance

NASDAQ:AAON traded down $2.16 during trading hours on Friday, hitting $78.08. The stock had a trading volume of 537,967 shares, compared to its average volume of 705,144. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 34.40 and a beta of 1.00. AAON, Inc. has a one year low of $69.52 and a one year high of $144.07. The company has a 50 day simple moving average of $99.75 and a two-hundred day simple moving average of $112.70. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. This is a boost from AAON's previous quarterly dividend of $0.08. AAON's dividend payout ratio (DPR) is 19.90%.

AAON declared that its board has approved a stock buyback plan on Tuesday, March 4th that allows the company to buyback $30.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 0.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its shares are undervalued.

AAON Company 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.