Wasatch Advisors LP Sells 4,725 Shares of AAON, Inc. (NASDAQ:AAON)

Wasatch Advisors LP cut its stake in shares of AAON, Inc. (NASDAQ:AAON) by 0.5% during the 1st quarter, Holdings Channel reports. The fund owned 1,020,135 shares of the construction company’s stock after selling 4,725 shares during the period. Wasatch Advisors LP’s holdings in AAON were worth $89,874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AAON. Vanguard Group Inc. lifted its stake in shares of AAON by 57.2% in the third quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock valued at $425,936,000 after buying an additional 2,725,779 shares in the last quarter. Jump Financial LLC lifted its stake in shares of AAON by 200.0% in the fourth quarter. Jump Financial LLC now owns 51,000 shares of the construction company’s stock valued at $3,767,000 after buying an additional 34,000 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of AAON in the fourth quarter valued at $22,784,000. Conestoga Capital Advisors LLC lifted its stake in shares of AAON by 0.8% in the fourth quarter. Conestoga Capital Advisors LLC now owns 3,354,242 shares of the construction company’s stock valued at $247,778,000 after buying an additional 25,178 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of AAON by 49.9% in the third quarter. Public Employees Retirement System of Ohio now owns 89,210 shares of the construction company’s stock valued at $5,073,000 after buying an additional 29,704 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on AAON. StockNews.com lowered shares of AAON from a “hold” rating to a “sell” rating in a research note on Monday, June 17th. William Blair assumed coverage on shares of AAON in a research note on Monday, April 29th. They issued an “outperform” rating on the stock. Finally, DA Davidson reissued a “buy” rating and set a $102.00 price target on shares of AAON in a research report on Wednesday, June 26th.

AAON Trading Up 2.7 %

Shares of AAON traded up $2.22 during trading hours on Tuesday, reaching $85.80. 701,035 shares of the stock traded hands, compared to its average volume of 739,751. The stock has a fifty day simple moving average of $79.53 and a 200 day simple moving average of $79.53. AAON, Inc. has a 52 week low of $52.24 and a 52 week high of $96.34. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 39.97 and a beta of 0.80.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). AAON had a net margin of 15.44% and a return on equity of 25.84%. The firm had revenue of $262.10 million for the quarter, compared to the consensus estimate of $284.76 million. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts predict that AAON, Inc. will post 2.24 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.32 dividend on an annualized basis and a yield of 0.37%. AAON’s dividend payout ratio (DPR) is presently 14.91%.

Insider Buying and Selling

In related news, CEO Gary D. Fields sold 28,200 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $76.13, for a total transaction of $2,146,866.00. Following the completion of the sale, the chief executive officer now owns 64,295 shares in the company, valued at $4,894,778.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Rebecca Thompson sold 13,500 shares of AAON stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $77.00, for a total value of $1,039,500.00. Following the completion of the transaction, the chief financial officer now owns 17,297 shares in the company, valued at $1,331,869. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary D. Fields sold 28,200 shares of AAON stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $76.13, for a total transaction of $2,146,866.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $4,894,778.35. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by corporate insiders.

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.