Natixis Advisors LLC Has $16.07 Million Stake in AAON, Inc. (NASDAQ:AAON)

Natixis Advisors LLC lessened its position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 32.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in AAON by 6.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,868 shares of the construction company's stock worth $455,000 after acquiring an additional 244 shares during the period. Avior Wealth Management LLC grew its position in shares of AAON by 5,040.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company's stock worth $284,000 after purchasing an additional 2,369 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of AAON by 691.1% during the fourth quarter. SG Americas Securities LLC now owns 24,666 shares of the construction company's stock worth $2,903,000 after purchasing an additional 21,548 shares during the period. Lord Abbett & CO. LLC raised its position in shares of AAON by 39.1% in the third quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company's stock valued at $31,121,000 after buying an additional 81,111 shares in the last quarter. Finally, Wolverine Trading LLC bought a new stake in shares of AAON in the third quarter valued at approximately $471,000. Institutional investors and hedge funds own 70.81% of the company's stock.

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Insider Buying and Selling

In other news, Director David Raymond Stewart acquired 1,000 shares of AAON stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the transaction, the director now directly owns 3,000 shares of the company's stock, valued at approximately $242,580. The trade was a 50.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.55% of the stock is owned by corporate insiders.

AAON Price Performance

NASDAQ:AAON traded up $0.23 during trading hours on Friday, hitting $79.65. The company's stock had a trading volume of 1,559,216 shares, compared to its average volume of 670,170. AAON, Inc. has a twelve month low of $69.52 and a twelve month high of $144.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The stock has a fifty day simple moving average of $104.46 and a 200-day simple moving average of $112.77. The company has a market capitalization of $6.50 billion, a P/E ratio of 35.09 and a beta of 1.00.

AAON announced that its board has authorized a stock buyback program on Tuesday, March 4th that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 0.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

AAON Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, March 18th. This is a positive change 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 payout ratio is 19.90%.

Wall Street Analyst Weigh In

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

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.