Public Employees Retirement System of Ohio Sells 8,757 Shares of AAON, Inc. (NASDAQ:AAON)

Public Employees Retirement System of Ohio lessened its holdings in AAON, Inc. (NASDAQ:AAON) by 9.3% during the 1st quarter, Holdings Channel reports. The firm owned 85,890 shares of the construction company’s stock after selling 8,757 shares during the period. Public Employees Retirement System of Ohio’s holdings in AAON were worth $7,567,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AAON. Norges Bank bought a new position in shares of AAON in the 4th quarter valued at about $43,832,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of AAON in the 4th quarter valued at about $22,784,000. Norden Group LLC boosted its stake in shares of AAON by 2,604.7% in the 1st quarter. Norden Group LLC now owns 305,550 shares of the construction company’s stock valued at $26,920,000 after purchasing an additional 294,253 shares during the last quarter. Global Alpha Capital Management Ltd. bought a new position in AAON during the 4th quarter worth approximately $11,598,000. Finally, Lord Abbett & CO. LLC boosted its stake in AAON by 18.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 592,804 shares of the construction company’s stock worth $52,226,000 after acquiring an additional 94,026 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AAON. StockNews.com lowered shares of AAON from a “hold” rating to a “sell” rating in a research note on Monday, June 17th. Baird R W raised shares of AAON to a “hold” rating in a research note on Wednesday, July 24th. Robert W. Baird began coverage on shares of AAON in a research note on Wednesday, July 24th. They set a “neutral” rating and a $100.00 price objective on the stock. William Blair began coverage on shares of AAON in a research note on Monday, April 29th. They set an “outperform” rating on the stock. Finally, DA Davidson reaffirmed a “buy” rating and issued a $102.00 price target on shares of AAON in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $101.00.

Insider Activity

In other news, VP Stephen E. Wakefield sold 29,946 shares of AAON stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $90.13, for a total value of $2,699,032.98. Following the sale, the vice president now directly owns 15,670 shares in the company, valued at $1,412,337.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Stephen E. Wakefield sold 29,946 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the transaction, the vice president now directly owns 15,670 shares in the company, valued at $1,412,337.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Rebecca Thompson sold 13,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $77.00, for a total transaction of $1,039,500.00. Following the transaction, the chief financial officer now owns 17,297 shares in the company, valued at $1,331,869. The disclosure for this sale can be found here. Insiders have sold 71,646 shares of company stock worth $5,885,399 over the last ninety days. Insiders own 18.55% of the company’s stock.

AAON Price Performance

AAON traded up $1.34 during trading on Tuesday, reaching $88.80. The company had a trading volume of 15,459 shares, compared to its average volume of 703,105. AAON, Inc. has a 12 month low of $52.24 and a 12 month high of $96.34. The business’s fifty day moving average price is $81.38 and its 200 day moving average price is $81.38. The company has a market cap of $7.30 billion, a P/E ratio of 40.74 and a beta of 0.80.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). AAON had a net margin of 15.44% and a return on equity of 25.84%. The business had revenue of $262.10 million during the quarter, compared to analyst estimates of $284.76 million. During the same quarter last year, the business earned $0.45 earnings per share. AAON’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts predict that AAON, Inc. will post 2.24 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a $0.08 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.36%. AAON’s dividend payout ratio (DPR) is presently 14.91%.

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.