AAON, Inc. (NASDAQ:AAON) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its position in shares of AAON, Inc. (NASDAQ:AAON) by 43.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,900 shares of the construction company’s stock after selling 3,700 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in AAON were worth $577,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC increased its position in shares of AAON by 5.5% during the 4th quarter. Driehaus Capital Management LLC now owns 693,407 shares of the construction company’s stock worth $81,600,000 after purchasing an additional 36,362 shares during the last quarter. Cresset Asset Management LLC boosted its position in shares of AAON by 4.8% during the 4th quarter. Cresset Asset Management LLC now owns 11,994 shares of the construction company’s stock worth $1,411,000 after purchasing an additional 550 shares during the period. Captrust Financial Advisors increased its holdings in AAON by 29.8% in the 4th quarter. Captrust Financial Advisors now owns 11,415 shares of the construction company’s stock valued at $1,343,000 after purchasing an additional 2,619 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in AAON in the 4th quarter valued at approximately $11,294,000. Finally, Baird Financial Group Inc. lifted its stake in AAON by 43.5% during the fourth quarter. Baird Financial Group Inc. now owns 520,857 shares of the construction company’s stock worth $61,294,000 after purchasing an additional 157,800 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AAON has been the topic of several research analyst reports. StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Robert W. Baird dropped their price objective on shares of AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a report on Friday, February 28th. CJS Securities upgraded shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Friday, February 28th. Finally, DA Davidson cut their price objective on AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.50.

Insider Buying and Selling at AAON

In related news, Director David Raymond Stewart acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $242,580. The trade was a 50.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary D. Fields sold 37,189 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total value of $3,651,959.80. Following the transaction, the chief executive officer now directly owns 63,714 shares in the company, valued at approximately $6,256,714.80. The trade was a 36.86% decrease in their position. The disclosure for this sale can be found here. 18.70% of the stock is currently owned by insiders.

AAON Stock Performance

Shares of AAON stock opened at $100.32 on Monday. The company has a market cap of $8.16 billion, a P/E ratio of 44.19 and a beta of 1.06. The firm has a fifty day moving average price of $83.67 and a 200 day moving average price of $108.11. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 12 month low of $68.98 and a 12 month high of $144.07.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business had revenue of $322.05 million during the quarter, compared to analysts’ expectations of $289.16 million. During the same period in the prior year, the firm posted $0.46 EPS. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. Sell-side analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON announced that its Board of Directors has authorized a share buyback plan on Tuesday, March 4th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the construction company to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

AAON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. This is an increase from AAON’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 18th. AAON’s dividend payout ratio is 21.05%.

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.