AAON, Inc. (NASDAQ:AAON) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in AAON, Inc. (NASDAQ:AAON) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,316 shares of the construction company’s stock after selling 1,290 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AAON were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAON. Operose Advisors LLC acquired a new position in shares of AAON in the 3rd quarter valued at about $31,000. CI Investments Inc. lifted its position in AAON by 50.9% during the third quarter. CI Investments Inc. now owns 617 shares of the construction company’s stock valued at $35,000 after buying an additional 208 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in AAON during the fourth quarter worth approximately $39,000. First Horizon Advisors Inc. increased its position in shares of AAON by 53.4% in the third quarter. First Horizon Advisors Inc. now owns 701 shares of the construction company’s stock worth $40,000 after acquiring an additional 244 shares in the last quarter. Finally, Ruedi Wealth Management Inc. raised its stake in shares of AAON by 49.9% in the 3rd quarter. Ruedi Wealth Management Inc. now owns 844 shares of the construction company’s stock valued at $48,000 after acquiring an additional 281 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Up 1.4 %

Shares of AAON stock opened at $91.15 on Monday. The company has a fifty day moving average price of $85.47 and a 200 day moving average price of $73.40. The company has a current ratio of 3.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. AAON, Inc. has a twelve month low of $52.24 and a twelve month high of $93.30. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 42.73 and a beta of 0.91.

AAON (NASDAQ:AAON) last posted its earnings results on Wednesday, February 28th. The construction company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $306.60 million during the quarter, compared to analyst estimates of $294.35 million. AAON had a return on equity of 27.20% and a net margin of 15.20%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. Equities research analysts forecast that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.35%. AAON’s payout ratio is currently 15.00%.

Insider Transactions at AAON

In related news, Director Norman H. Asbjornson sold 19,136 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the completion of the sale, the director now directly owns 14,874 shares of the company’s stock, valued at approximately $1,209,256.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other AAON news, Director Norman H. Asbjornson sold 19,136 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the completion of the sale, the director now owns 14,874 shares in the company, valued at approximately $1,209,256.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Stephen E. Wakefield sold 24,655 shares of AAON stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total value of $1,993,603.30. Following the sale, the vice president now owns 15,992 shares in the company, valued at $1,293,113.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,596 shares of company stock valued at $3,613,768. Corporate insiders own 18.55% of the company’s stock.

About AAON

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.