Aperture Investors LLC Has $24.64 Million Stock Holdings in AAON, Inc. $AAON

Aperture Investors LLC grew its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 334,144 shares of the construction company’s stock after purchasing an additional 11,379 shares during the period. AAON comprises 3.2% of Aperture Investors LLC’s holdings, making the stock its 7th largest holding. Aperture Investors LLC owned 0.41% of AAON worth $24,643,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in shares of AAON by 12.4% in the first quarter. Cetera Investment Advisers now owns 10,089 shares of the construction company’s stock valued at $788,000 after buying an additional 1,117 shares during the period. PNC Financial Services Group Inc. raised its holdings in AAON by 7.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,174 shares of the construction company’s stock valued at $326,000 after acquiring an additional 306 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of AAON by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company’s stock valued at $509,111,000 after acquiring an additional 276,722 shares during the period. King Luther Capital Management Corp bought a new stake in shares of AAON during the 1st quarter valued at $289,000. Finally, Nuveen LLC acquired a new stake in shares of AAON during the 1st quarter worth $20,759,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on AAON. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. DA Davidson decreased their target price on shares of AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Wall Street Zen cut shares of AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. 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 report on Tuesday, August 12th. Finally, Oppenheimer reiterated an “outperform” rating and set a $115.00 price target on shares of AAON in a research report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.60.

AAON Price Performance

Shares of NASDAQ:AAON opened at $81.65 on Wednesday. AAON, Inc. has a one year low of $62.00 and a one year high of $137.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 67.48 and a beta of 1.06. The firm has a 50 day simple moving average of $96.97 and a 200 day simple moving average of $87.40.

AAON (NASDAQ:AAON) last posted its earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. AAON had a net margin of 7.62% and a return on equity of 12.52%. The firm had revenue of $322.05 million for the quarter. Research analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Wednesday, November 26th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 26th. AAON’s dividend payout ratio is presently 33.06%.

Insider Buying and Selling

In other AAON news, Director Gary D. Fields sold 26,746 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total value of $2,813,946.66. Following the completion of the transaction, the director directly owned 26,340 shares in the company, valued at approximately $2,771,231.40. This trade represents a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.