Intellectus Partners LLC Makes New $221,000 Investment in AAON, Inc. (NASDAQ:AAON)

Intellectus Partners LLC acquired a new stake in AAON, Inc. (NASDAQ:AAON) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,053 shares of the construction company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AAON. KBC Group NV raised its position in AAON by 15.5% during the third quarter. KBC Group NV now owns 1,892 shares of the construction company’s stock valued at $204,000 after acquiring an additional 254 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of AAON by 122.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,476 shares of the construction company’s stock worth $1,777,000 after purchasing an additional 9,063 shares during the period. Geneva Capital Management LLC increased its holdings in shares of AAON by 1.5% during the 3rd quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company’s stock valued at $183,135,000 after purchasing an additional 24,384 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of AAON by 75.7% in the 3rd quarter. Victory Capital Management Inc. now owns 344,620 shares of the construction company’s stock valued at $37,164,000 after purchasing an additional 148,507 shares during the period. Finally, Aptus Capital Advisors LLC acquired a new stake in AAON during the third quarter valued at $2,284,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Price Performance

Shares of AAON stock opened at $133.46 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The company has a market capitalization of $10.85 billion, a PE ratio of 58.79 and a beta of 0.79. The firm’s 50-day moving average is $110.69 and its two-hundred day moving average is $93.12. AAON, Inc. has a 12 month low of $61.09 and a 12 month high of $144.07.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. Analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. AAON’s payout ratio is presently 14.10%.

Insider Activity at AAON

In other AAON news, VP Casey Kidwell sold 4,796 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the completion of the transaction, the vice president now owns 4,953 shares in the company, valued at $675,490.14. The trade was a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 18.55% of the company’s stock.

Analyst Upgrades and Downgrades

AAON has been the topic of a number of recent analyst reports. DA Davidson increased their price target on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Robert W. Baird boosted their price target on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Finally, Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.00.

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.