CI Investments Inc. acquired a new stake in A. O. Smith Corp (NYSE:AOS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 69,900 shares of the industrial products company’s stock, valued at approximately $2,985,000.

Other institutional investors have also recently made changes to their positions in the company. Macquarie Group Ltd. boosted its position in shares of A. O. Smith by 10.2% during the fourth quarter. Macquarie Group Ltd. now owns 56,228 shares of the industrial products company’s stock valued at $2,401,000 after buying an additional 5,211 shares during the last quarter. Legal & General Group Plc lifted its holdings in A. O. Smith by 16.4% during the fourth quarter. Legal & General Group Plc now owns 325,329 shares of the industrial products company’s stock worth $13,891,000 after acquiring an additional 45,825 shares during the period. CSat Investment Advisory L.P. lifted its holdings in A. O. Smith by 141.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,006 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 589 shares during the period. Jane Street Group LLC lifted its holdings in A. O. Smith by 74.0% during the fourth quarter. Jane Street Group LLC now owns 54,698 shares of the industrial products company’s stock worth $2,336,000 after acquiring an additional 23,271 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in A. O. Smith by 35.9% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 534,466 shares of the industrial products company’s stock worth $22,822,000 after acquiring an additional 141,171 shares during the period. 76.60% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on AOS. Oppenheimer reiterated a “hold” rating on shares of A. O. Smith in a report on Tuesday, January 29th. KeyCorp lifted their price target on A. O. Smith from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, March 12th. Zacks Investment Research lowered A. O. Smith from a “hold” rating to a “sell” rating in a report on Wednesday, December 5th. Boenning Scattergood reiterated a “buy” rating on shares of A. O. Smith in a report on Tuesday, January 29th. Finally, ValuEngine lowered A. O. Smith from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. A. O. Smith has a consensus rating of “Hold” and a consensus price target of $62.30.

In other news, SVP Paul R. Dana sold 4,836 shares of A. O. Smith stock in a transaction on Monday, February 11th. The stock was sold at an average price of $49.50, for a total value of $239,382.00. Following the completion of the transaction, the senior vice president now directly owns 5,891 shares in the company, valued at $291,604.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Wallace E. Goodwin sold 13,200 shares of A. O. Smith stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $50.02, for a total value of $660,264.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,036 shares of company stock worth $1,879,646. Corporate insiders own 1.03% of the company’s stock.

Shares of AOS opened at $51.97 on Thursday. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.68 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.70 and a current ratio of 2.09. A. O. Smith Corp has a 1 year low of $40.34 and a 1 year high of $66.21.

A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, January 29th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The firm had revenue of $812.50 million for the quarter, compared to analyst estimates of $821.35 million. A. O. Smith had a return on equity of 26.00% and a net margin of 13.93%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. Research analysts anticipate that A. O. Smith Corp will post 2.72 earnings per share for the current fiscal year.

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A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.

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Institutional Ownership by Quarter for A. O. Smith (NYSE:AOS)

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