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Major investors cut stakes in AAON, an HVAC firm, despite its recent financial moves signaling confidence.
Institutional investors have reduced their holdings in AAON, Inc., an air conditioning and heating equipment company.
Kennedy Capital Management LLC and Neuberger Berman Group LLC decreased their shares by 4.8% and 14.2%, respectively.
AAON's market cap stands at $6.56 billion with a price-to-earnings ratio of 35.43.
The company recently increased its quarterly dividend by 10.56% and launched a share repurchase program, indicating confidence in its valuations.
AAON stock has a "Moderate Buy" rating and a target price of $115.50.
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Los principales inversores redujeron las acciones en AAON, una empresa de HVAC, a pesar de sus recientes movimientos financieros que indican confianza.