Oak Ridge Investments LLC Sells 797 Shares of AAON, Inc. (NASDAQ:AAON)

Oak Ridge Investments LLC reduced its position in shares of AAON, Inc. (NASDAQ:AAON) by 2.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 30,012 shares of the construction company’s stock after selling 797 shares during the period. Oak Ridge Investments LLC’s holdings in AAON were worth $3,532,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wasatch Advisors LP raised its position in shares of AAON by 39.1% during the third quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company’s stock worth $201,310,000 after purchasing an additional 525,132 shares during the period. Millennium Management LLC increased its stake in AAON by 212.3% during the 2nd quarter. Millennium Management LLC now owns 656,552 shares of the construction company’s stock valued at $57,278,000 after purchasing an additional 446,344 shares in the last quarter. Franklin Resources Inc. raised its holdings in AAON by 258.8% during the third quarter. Franklin Resources Inc. now owns 330,397 shares of the construction company’s stock worth $37,014,000 after buying an additional 238,308 shares during the last quarter. Fred Alger Management LLC bought a new position in shares of AAON in the second quarter valued at $15,700,000. Finally, Squarepoint Ops LLC acquired a new position in shares of AAON during the second quarter valued at about $15,687,000. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AAON shares. Robert W. Baird upped their target price on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. DA Davidson lifted their target price on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and increased their target price for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, AAON presently has an average rating of “Moderate Buy” and an average price target of $133.00.

AAON Trading Down 1.0 %

NASDAQ:AAON opened at $130.18 on Friday. AAON, Inc. has a 12 month low of $69.54 and a 12 month high of $144.07. The business’s 50-day moving average is $129.02 and its two-hundred day moving average is $108.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The firm has a market capitalization of $10.58 billion, a PE ratio of 57.35 and a beta of 0.87.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. The firm had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. AAON’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. Research analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. AAON’s dividend payout ratio (DPR) is presently 14.10%.

Insider Transactions at AAON

In other AAON news, VP Casey Kidwell sold 4,796 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the sale, the vice president now directly owns 4,953 shares in the company, valued at approximately $675,490.14. The trade was a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stephen E. Wakefield sold 5,362 shares of AAON stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the completion of the transaction, the vice president now directly owns 4,558 shares in the company, valued at $597,052.42. This represents a 54.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,329 shares of company stock valued at $7,663,726. 18.55% of the stock is currently owned by corporate insiders.

AAON 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.