Copeland Capital Management LLC Has $65.17 Million Holdings in AAON, Inc. $AAON

Copeland Capital Management LLC lessened its position in AAON, Inc. (NASDAQ:AAON) by 1.5% in the 1st quarter, Holdings Channel reports. The fund owned 787,617 shares of the construction company’s stock after selling 12,360 shares during the period. AAON makes up approximately 1.4% of Copeland Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding. Copeland Capital Management LLC’s holdings in AAON were worth $65,175,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Comerica Bank boosted its holdings in shares of AAON by 23.7% during the fourth quarter. Comerica Bank now owns 238,462 shares of the construction company’s stock worth $18,183,000 after purchasing an additional 45,660 shares during the period. Royce & Associates LP grew its stake in AAON by 9.6% in the fourth quarter. Royce & Associates LP now owns 467,496 shares of the construction company’s stock valued at $35,647,000 after purchasing an additional 40,892 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in AAON by 9.9% in the fourth quarter. Stephens Investment Management Group LLC now owns 636,296 shares of the construction company’s stock valued at $48,518,000 after purchasing an additional 57,281 shares in the last quarter. Nepsis Inc. raised its stake in shares of AAON by 26.7% during the 4th quarter. Nepsis Inc. now owns 117,707 shares of the construction company’s stock worth $8,975,000 after purchasing an additional 24,791 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its holdings in shares of AAON by 5.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock valued at $135,421,000 after buying an additional 84,693 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling at AAON

In other news, Director Gary D. Fields sold 19,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $140.20, for a total transaction of $2,663,800.00. Following the completion of the transaction, the director directly owned 15,252 shares of the company’s stock, valued at approximately $2,138,330.40. This trade represents a 55.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of AAON stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $135.37, for a total transaction of $1,082,960.00. Following the sale, the chief executive officer owned 114,371 shares in the company, valued at approximately $15,482,402.27. This trade represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 150,473 shares of company stock valued at $19,516,213 in the last quarter. 18.09% of the stock is currently owned by corporate insiders.

AAON Stock Down 1.6%

AAON stock opened at $111.42 on Friday. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 77.92, a price-to-earnings-growth ratio of 3.17 and a beta of 1.41. The company has a 50-day moving average of $128.38 and a two-hundred day moving average of $104.32. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $150.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The company had revenue of $496.94 million during the quarter, compared to analyst estimates of $381.08 million. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s quarterly revenue was up 54.3% compared to the same quarter last year. As a group, equities research analysts anticipate that AAON, Inc. will post 2.23 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, June 5th. AAON’s dividend payout ratio (DPR) is presently 27.97%.

Wall Street Analysts Forecast Growth

AAON has been the subject of a number of analyst reports. Zacks Research cut shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Tuesday. Finally, Oppenheimer restated an “outperform” rating on shares of AAON in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, AAON currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

AAON 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.