AAON, Inc. (NASDAQ:AAON) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in shares of AAON, Inc. (NASDAQ:AAON) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,017 shares of the construction company’s stock after selling 20,316 shares during the period. Sei Investments Co. owned approximately 0.27% of AAON worth $25,656,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AAON. Mather Group LLC. increased its holdings in shares of AAON by 521.6% in the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock valued at $27,000 after purchasing an additional 193 shares during the period. Twin Tree Management LP acquired a new position in AAON in the 4th quarter worth approximately $33,000. UMB Bank n.a. raised its position in AAON by 67.5% during the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after buying an additional 131 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in AAON during the 3rd quarter valued at approximately $36,000. Finally, Empowered Funds LLC acquired a new stake in shares of AAON in the fourth quarter worth $42,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Stock Down 3.2 %

AAON stock opened at $81.45 on Thursday. AAON, Inc. has a 12 month low of $69.52 and a 12 month high of $144.07. The stock has a market capitalization of $6.65 billion, a PE ratio of 35.88 and a beta of 1.00. 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 business has a 50 day simple moving average of $102.79 and a 200-day simple moving average of $113.05.

AAON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 dividend on an annualized basis and a yield of 0.49%. AAON’s dividend payout ratio is currently 19.90%.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AAON shares. Robert W. Baird decreased 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. CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Friday, February 28th. StockNews.com cut AAON from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, 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 report on Friday, February 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.50.

Insider Buying and Selling at AAON

In other news, Director David Raymond Stewart bought 1,000 shares of AAON stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $80.86 per share, with a total value of $80,860.00. Following the completion of the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at $242,580. The trade was a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 18.55% of the company’s stock.

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.