Natixis Advisors LLC Has $21.75 Million Holdings in AAON, Inc. (NASDAQ:AAON)

Natixis Advisors LLC boosted its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 25.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,661 shares of the construction company’s stock after purchasing an additional 40,407 shares during the period. Natixis Advisors LLC’s holdings in AAON were worth $21,747,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AAON. Vanguard Group Inc. increased its stake in shares of AAON by 0.9% in the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after buying an additional 61,544 shares in the last quarter. Janus Henderson Group PLC increased its position in AAON by 79.8% in the 1st quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock valued at $5,186,000 after acquiring an additional 26,141 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in AAON by 1.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock valued at $49,595,000 after acquiring an additional 6,766 shares in the last quarter. Amalgamated Bank raised its stake in shares of AAON by 65.2% in the second quarter. Amalgamated Bank now owns 35,367 shares of the construction company’s stock worth $3,085,000 after acquiring an additional 13,964 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of AAON during the first quarter worth approximately $518,000. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on AAON. DA Davidson boosted their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Robert W. Baird raised their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and raised their target price for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.00.

AAON Stock Down 1.6 %

NASDAQ:AAON opened at $131.34 on Tuesday. The stock’s fifty day simple moving average is $110.69 and its 200-day simple moving average is $93.10. The firm has a market capitalization of $10.68 billion, a P/E ratio of 57.86 and a beta of 0.79. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 12-month low of $61.09 and a 12-month high of $144.07.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Equities research analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.24%. AAON’s dividend payout ratio is presently 14.10%.

Insiders Place Their Bets

In other news, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the transaction, the vice president now owns 4,953 shares in the company, valued at $675,490.14. The trade was a 49.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary D. Fields sold 35,000 shares of AAON stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the completion of the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $8,488,868.85. The trade was a 35.25 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.