Blair William & Co. IL Has $137.66 Million Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Blair William & Co. IL raised its stake in shares of AAON, Inc. (NASDAQ:AAON) by 4.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,169,782 shares of the construction company’s stock after purchasing an additional 47,254 shares during the period. Blair William & Co. IL’s holdings in AAON were worth $137,660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of AAON by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,239,482 shares of the construction company’s stock worth $734,262,000 after acquiring an additional 75,832 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of AAON by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock worth $351,615,000 after purchasing an additional 150,207 shares in the last quarter. State Street Corp raised its stake in shares of AAON by 0.6% during the 3rd quarter. State Street Corp now owns 1,977,531 shares of the construction company’s stock worth $213,257,000 after purchasing an additional 12,502 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of AAON by 39.1% during the 3rd quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company’s stock valued at $201,310,000 after buying an additional 525,132 shares during the last quarter. Finally, FMR LLC grew its stake in shares of AAON by 9.6% in the 3rd quarter. FMR LLC now owns 1,729,498 shares of the construction company’s stock valued at $186,509,000 after buying an additional 151,540 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at AAON

In other news, Director David Raymond Stewart bought 1,000 shares of AAON stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $80.86 per share, with a total value of $80,860.00. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, valued at $242,580. This trade represents a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 18.55% of the company’s stock.

AAON Price Performance

NASDAQ AAON opened at $81.45 on Thursday. AAON, Inc. has a 1 year low of $69.52 and a 1 year high of $144.07. The company has a fifty day simple moving average of $102.79 and a 200 day simple moving average of $113.05. 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 has a market cap of $6.65 billion, a P/E ratio of 35.88 and a beta of 1.00.

AAON Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Tuesday, March 18th. This is a boost from AAON’s previous quarterly dividend of $0.08. AAON’s payout ratio is currently 19.90%.

AAON announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 4th that allows the company to buyback $30.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 0.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

AAON 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.