Natixis Advisors LLC Has $8.57 Million Holdings in AAON, Inc. (NASDAQ:AAON)

Key Points

• Natixis Advisors LLC reduced its stake in AAON, Inc. by 19.7%, selling 26,899 shares, leaving them with 109,652 shares worth approximately $8.57 million at the end of the recent quarter.
• Several institutional investors have significantly increased their holdings in AAON, with Rakuten Securities and Versant Capital Management growing their stakes by 613.3% and 652.3%, respectively, during the same period.
• AAON recently announced a quarterly dividend of $0.10 per share, representing a 0.5% yield and a payout ratio of 21.05%.

Natixis Advisors LLC trimmed its stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 109,652 shares of the construction company's stock after selling 26,899 shares during the quarter. Natixis Advisors LLC owned about 0.13% of AAON worth $8,567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Quarry LP boosted its stake in shares of AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after acquiring an additional 103 shares in the last quarter. Rakuten Securities Inc. raised its holdings in AAON by 613.3% during the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock valued at $25,000 after buying an additional 276 shares in the last quarter. Versant Capital Management Inc raised its holdings in AAON by 652.3% during the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock valued at $26,000 after buying an additional 287 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of AAON in the fourth quarter valued at about $57,000. Finally, UMB Bank n.a. grew its position in AAON by 81.2% during the first quarter. UMB Bank n.a. now owns 589 shares of the construction company's stock worth $46,000 after buying an additional 264 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AAON. Sidoti upgraded shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price target for the company in a research note on Monday, June 16th. Wall Street Zen lowered shares of AAON from a "hold" rating to a "sell" rating in a report on Friday, July 18th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $111.50.

Insider Activity

In other AAON news, Director Gordon Douglas Wichman sold 21,302 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the transaction, the director owned 8,754 shares in the company, valued at $914,617.92. This represents a 70.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.70% of the stock is currently owned by insiders.

AAON Stock Down 2.5%

NASDAQ:AAON traded down $2.04 on Friday, hitting $80.69. 844,533 shares of the company's stock were exchanged, compared to its average volume of 947,689. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.77 and a quick ratio of 1.80. The firm has a 50-day moving average price of $79.28 and a 200-day moving average price of $89.48. The company has a market cap of $6.57 billion, a P/E ratio of 42.56 and a beta of 0.94. AAON, Inc. has a 52 week low of $68.98 and a 52 week high of $144.07.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 6th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, June 6th. AAON's dividend payout ratio is presently 21.05%.

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.