Y Intercept Hong Kong Ltd Sells 21,480 Shares of AAON, Inc. $AAON

Y Intercept Hong Kong Ltd lowered its stake in AAON, Inc. (NASDAQ:AAON) by 64.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,848 shares of the construction company’s stock after selling 21,480 shares during the period. Y Intercept Hong Kong Ltd’s holdings in AAON were worth $1,107,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after acquiring an additional 164 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of AAON during the second quarter valued at approximately $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in AAON in the second quarter worth $53,000. Trust Co. of Toledo NA OH bought a new position in AAON in the second quarter worth $91,000. Finally, Smartleaf Asset Management LLC lifted its position in AAON by 14.7% during the second quarter. Smartleaf Asset Management LLC now owns 1,649 shares of the construction company’s stock valued at $121,000 after buying an additional 211 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AAON has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. Oppenheimer restated an “outperform” rating and issued a $115.00 price objective on shares of AAON in a report on Friday, November 7th. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Wall Street Zen cut AAON from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of AAON in a research report on Tuesday, December 30th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, AAON currently has an average rating of “Moderate Buy” and a consensus price target of $104.60.

AAON Trading Down 2.4%

Shares of NASDAQ:AAON opened at $91.06 on Friday. The stock’s 50-day simple moving average is $84.87 and its two-hundred day simple moving average is $87.99. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 75.26 and a beta of 1.08. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $118.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.03 and a current ratio of 3.04.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, November 6th. The construction company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $384.24 million for the quarter, compared to analysts’ expectations of $337.20 million. AAON had a net margin of 7.62% and a return on equity of 12.52%. The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS. Analysts expect that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. AAON’s dividend payout ratio is 33.06%.

Insider Activity

In other news, Director Gary D. Fields sold 3,553 shares of AAON stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $105.14, for a total transaction of $373,562.42. Following the sale, the director owned 26,340 shares in the company, valued at $2,769,387.60. This trade represents a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephen E. Wakefield bought 4,141 shares of AAON stock in a transaction dated Friday, December 12th. The stock was purchased at an average cost of $77.59 per share, for a total transaction of $321,300.19. Following the completion of the acquisition, the executive vice president directly owned 15,212 shares of the company’s stock, valued at approximately $1,180,299.08. The trade was a 37.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 18.70% of the company’s stock.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.