Grantham Mayo Van Otterloo & Co. LLC Has $25.17 Million Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Grantham Mayo Van Otterloo & Co. LLC decreased its position in AAON, Inc. (NASDAQ:AAON) by 46.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 213,869 shares of the construction company’s stock after selling 183,526 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.26% of AAON worth $25,168,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in shares of AAON by 99.2% in the third quarter. BNP Paribas Financial Markets now owns 10,305 shares of the construction company’s stock worth $1,111,000 after acquiring an additional 5,133 shares in the last quarter. Captrust Financial Advisors increased its stake in AAON by 1.0% during the 3rd quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock worth $949,000 after purchasing an additional 89 shares in the last quarter. HighTower Advisors LLC raised its holdings in AAON by 46.6% during the 3rd quarter. HighTower Advisors LLC now owns 13,043 shares of the construction company’s stock worth $1,408,000 after buying an additional 4,146 shares during the period. Quantinno Capital Management LP lifted its stake in AAON by 3.1% in the third quarter. Quantinno Capital Management LP now owns 6,486 shares of the construction company’s stock valued at $699,000 after buying an additional 192 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of AAON by 0.6% in the third quarter. State Street Corp now owns 1,977,531 shares of the construction company’s stock valued at $213,257,000 after buying an additional 12,502 shares during the period. Institutional investors own 70.81% of the company’s stock.

AAON Stock Down 4.2 %

AAON stock opened at $74.20 on Friday. AAON, Inc. has a twelve month low of $69.52 and a twelve month high of $144.07. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 32.69 and a beta of 0.96. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $94.25 and a two-hundred day moving average price of $112.03.

AAON Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. This is an increase from AAON’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, March 18th. AAON’s payout ratio is presently 19.90%.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on AAON. CJS Securities raised shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Friday, February 28th. Robert W. Baird reduced their price objective on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. StockNews.com lowered AAON from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, DA Davidson reduced their price target on AAON from $150.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, February 28th. One 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 stock. According to data from MarketBeat, AAON currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.50.

Insiders Place Their Bets

In other AAON news, Director David Raymond Stewart purchased 1,000 shares of AAON stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the acquisition, the director now owns 3,000 shares of the company’s stock, valued at approximately $242,580. This trade represents a 50.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 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.