Atria Investments Inc Sells 3,806 Shares of AAON, Inc. (NASDAQ:AAON)

Atria Investments Inc cut its position in shares of AAON, Inc. (NASDAQ:AAON) by 27.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,968 shares of the construction company’s stock after selling 3,806 shares during the period. Atria Investments Inc’s holdings in AAON were worth $1,173,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC increased its holdings in shares of AAON by 5,040.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company’s stock valued at $284,000 after acquiring an additional 2,369 shares during the period. SG Americas Securities LLC increased its holdings in shares of AAON by 691.1% in the 4th quarter. SG Americas Securities LLC now owns 24,666 shares of the construction company’s stock valued at $2,903,000 after acquiring an additional 21,548 shares during the period. Lord Abbett & CO. LLC increased its holdings in shares of AAON by 39.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company’s stock valued at $31,121,000 after acquiring an additional 81,111 shares during the period. Wolverine Trading LLC purchased a new position in shares of AAON in the 3rd quarter valued at $471,000. Finally, Caldwell Investment Management Ltd. purchased a new position in shares of AAON in the 4th quarter valued at $1,099,000. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AAON. 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 report on Friday, February 28th. StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. DA Davidson dropped their target price on AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Robert W. Baird dropped 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. 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $115.50.

AAON Stock Up 3.3 %

AAON stock opened at $82.39 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The business’s 50-day simple moving average is $111.48 and its two-hundred day simple moving average is $113.88. The company has a market cap of $6.72 billion, a PE ratio of 36.30 and a beta of 1.00. AAON, Inc. has a fifty-two week low of $69.52 and a fifty-two week high of $144.07.

AAON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.49%. The ex-dividend date is Tuesday, March 18th. This is an increase from AAON’s previous quarterly dividend of $0.08. AAON’s payout ratio is presently 19.90%.

AAON declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 4th that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at AAON

In other AAON news, VP Stephen E. Wakefield sold 5,362 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the sale, the vice president now owns 4,558 shares in the company, valued at approximately $597,052.42. The trade was a 54.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.