AAON, Inc. (NASDAQ:AAON) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in AAON, Inc. (NASDAQ:AAONGet Rating) by 25.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,996 shares of the construction company’s stock after acquiring an additional 10,476 shares during the period. Envestnet Asset Management Inc. owned about 0.10% of AAON worth $2,847,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AAON. Hardy Reed LLC acquired a new position in shares of AAON during the 1st quarter worth about $131,000. Atria Investments LLC raised its position in shares of AAON by 19.8% during the 1st quarter. Atria Investments LLC now owns 34,972 shares of the construction company’s stock worth $1,949,000 after purchasing an additional 5,773 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of AAON by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 5,969 shares of the construction company’s stock worth $333,000 after purchasing an additional 310 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of AAON by 62.4% during the 1st quarter. CENTRAL TRUST Co now owns 11,592 shares of the construction company’s stock worth $646,000 after purchasing an additional 4,455 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of AAON by 21.0% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 43,913 shares of the construction company’s stock worth $2,447,000 after purchasing an additional 7,635 shares during the last quarter. Institutional investors and hedge funds own 70.61% of the company’s stock.

AAON Stock Performance

AAON stock opened at $80.24 on Wednesday. The firm has a 50 day simple moving average of $60.11 and a 200-day simple moving average of $57.08. AAON, Inc. has a 1-year low of $47.50 and a 1-year high of $83.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.36 and a quick ratio of 1.12. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 64.19 and a beta of 0.76.

AAON Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, November 28th will be paid a $0.24 dividend. This is a boost from AAON’s previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend is Friday, November 25th. This represents a dividend yield of 0.6%. AAON’s dividend payout ratio is 30.40%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. DA Davidson upped their price target on shares of AAON to $75.00 in a research report on Tuesday. StockNews.com downgraded shares of AAON from a “hold” rating to a “sell” rating in a report on Friday, November 11th. TheStreet upgraded shares of AAON from a “c+” rating to a “b” rating in a report on Wednesday, November 9th. Finally, CJS Securities began coverage on shares of AAON in a report on Thursday, September 15th. They issued an “outperform” rating and a $73.00 price objective for the company. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.33.

Insider Activity

In other news, VP Rony D. Gadiwalla sold 11,237 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $58.74, for a total value of $660,061.38. Following the completion of the sale, the vice president now owns 20,726 shares of the company’s stock, valued at approximately $1,217,445.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Rony D. Gadiwalla sold 439 shares of the stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $57.00, for a total transaction of $25,023.00. Following the completion of the transaction, the vice president now owns 20,726 shares of the company’s stock, valued at approximately $1,181,382. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rony D. Gadiwalla sold 11,237 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $58.74, for a total transaction of $660,061.38. Following the transaction, the vice president now directly owns 20,726 shares of the company’s stock, valued at approximately $1,217,445.24. The disclosure for this sale can be found here. Insiders sold a total of 38,895 shares of company stock valued at $2,339,940 in the last 90 days. Company insiders own 19.27% of the company’s stock.

About AAON

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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.

See Also

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Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

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