Commerzbank Aktiengesellschaft FI Acquires 393 Shares of AAON, Inc. (NASDAQ:AAON)

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 47.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,217 shares of the construction company’s stock after buying an additional 393 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in AAON were worth $143,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird lowered their price target on shares of AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. DA Davidson lowered their target price on shares of 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 shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Friday, February 28th. Finally, StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.50.

AAON Trading Down 0.8 %

Shares of AAON stock opened at $81.25 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. AAON, Inc. has a 1 year low of $69.52 and a 1 year high of $144.07. The firm has a market cap of $6.60 billion, a PE ratio of 35.79 and a beta of 0.87. The company has a 50 day simple moving average of $113.90 and a two-hundred day simple moving average of $113.94.

AAON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.10 per share. This is an increase from AAON’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Tuesday, March 18th. AAON’s payout ratio is currently 15.92%.

AAON declared that its board has approved a stock repurchase program on Tuesday, March 4th that allows the company to buyback $30.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 0.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, VP Stephen E. Wakefield sold 5,362 shares of the firm’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 transaction, the vice president now directly owns 4,558 shares of the company’s stock, valued at approximately $597,052.42. This trade represents a 54.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 18.55% of the stock is owned by company insiders.

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.