12,843 Shares in AAON, Inc. $AAON Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions bought a new position in AAON, Inc. (NASDAQ:AAON) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 12,843 shares of the construction company’s stock, valued at approximately $947,000.

A number of other hedge funds have also recently made changes to their positions in AAON. Caitong International Asset Management Co. Ltd bought a new position in shares of AAON in the second quarter worth $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in AAON during the second quarter worth about $53,000. UMB Bank n.a. increased its stake in AAON by 32.9% in the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after acquiring an additional 194 shares during the last quarter. CWM LLC increased its stake in AAON by 25.7% in the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after acquiring an additional 192 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of AAON by 987.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,174 shares of the construction company’s stock valued at $92,000 after acquiring an additional 1,066 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on AAON shares. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Wednesday, October 8th. Robert W. Baird cut their price target on shares of AAON from $102.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Wall Street Zen lowered shares of AAON from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $115.00 price objective on shares of AAON in a report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.60.

AAON Stock Performance

AAON stock opened at $94.04 on Friday. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $7.68 billion, a PE ratio of 63.97 and a beta of 1.05. The firm has a fifty day simple moving average of $95.90 and a two-hundred day simple moving average of $88.77. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $142.20.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $322.05 million for the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%. Research analysts expect that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Wednesday, November 26th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, November 26th. AAON’s dividend payout ratio (DPR) is presently 33.06%.

Insiders Place Their Bets

In other AAON news, insider Christopher Douglas Eason sold 12,003 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $85.08, for a total value of $1,021,215.24. Following the completion of the sale, the insider owned 5,301 shares in the company, valued at approximately $451,009.08. The trade was a 69.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Rebecca Thompson sold 9,350 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total value of $758,191.50. Following the sale, the chief financial officer directly owned 24,396 shares of the company’s stock, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 51,652 shares of company stock valued at $4,966,916 in the last ninety days. Company insiders own 18.70% of the company’s stock.

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.