391 Shares in AAON, Inc. (NASDAQ:AAON) Acquired by Whittier Trust Co.

Whittier Trust Co. acquired a new stake in AAON, Inc. (NASDAQ:AAON) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 391 shares of the construction company’s stock, valued at approximately $46,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Pathstone Holdings LLC raised its holdings in AAON by 72.4% during the 3rd quarter. Pathstone Holdings LLC now owns 16,356 shares of the construction company’s stock valued at $1,764,000 after buying an additional 6,869 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of AAON by 208.0% during the third quarter. Advisors Asset Management Inc. now owns 730 shares of the construction company’s stock valued at $79,000 after acquiring an additional 493 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of AAON during the third quarter worth about $537,000. Great Valley Advisor Group Inc. bought a new stake in shares of AAON in the third quarter worth about $353,000. Finally, Swedbank AB increased its holdings in AAON by 6.0% during the 3rd quarter. Swedbank AB now owns 177,000 shares of the construction company’s stock valued at $19,088,000 after purchasing an additional 10,000 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Friday, February 28th. DA Davidson cut their price target on shares of AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Robert W. Baird decreased their price objective on shares of AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a report on Friday, February 28th. Finally, StockNews.com lowered shares of AAON from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AAON currently has an average rating of “Moderate Buy” and an average target price of $115.50.

AAON Stock Performance

Shares of AAON stock opened at $83.58 on Tuesday. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average price is $103.67 and its 200-day moving average price is $113.08. The stock has a market cap of $6.82 billion, a PE ratio of 36.82 and a beta of 1.00. AAON, Inc. has a 12 month low of $69.52 and a 12 month high of $144.07.

AAON Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Tuesday, March 18th. This is a boost from AAON’s previous quarterly dividend of $0.08. AAON’s dividend payout ratio is 19.90%.

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

Insider Buying and Selling at AAON

In related news, Director David Raymond Stewart bought 1,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $80.86 per share, with a total value of $80,860.00. Following the completion of the purchase, the director now owns 3,000 shares in the company, valued at approximately $242,580. The trade was a 50.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 18.55% of the company’s stock.

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.