Citadel Advisors LLC lowered its holdings in AAON, Inc. (NASDAQ:AAON) by 22.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 149,966 shares of the construction company’s stock after selling 43,320 shares during the quarter. Citadel Advisors LLC owned 0.29% of AAON worth $5,669,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new position in shares of AAON during the 3rd quarter worth approximately $113,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of AAON during the 2nd quarter worth approximately $284,000. OppenheimerFunds Inc. lifted its position in shares of AAON by 32.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 8,568 shares of the construction company’s stock worth $285,000 after buying an additional 2,101 shares during the period. SG Americas Securities LLC lifted its position in shares of AAON by 224.3% during the 2nd quarter. SG Americas Securities LLC now owns 8,783 shares of the construction company’s stock worth $292,000 after buying an additional 6,075 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of AAON by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 10,481 shares of the construction company’s stock worth $348,000 after buying an additional 1,435 shares during the period. 74.08% of the stock is currently owned by hedge funds and other institutional investors.
AAON stock opened at $35.13 on Friday. AAON, Inc. has a one year low of $29.05 and a one year high of $44.90. The company has a market cap of $1.86 billion, a P/E ratio of 36.98, a P/E/G ratio of 2.94 and a beta of 0.93.
AAON (NASDAQ:AAON) last issued its quarterly earnings data on Thursday, November 1st. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.03). AAON had a net margin of 10.76% and a return on equity of 17.17%. The business had revenue of $112.93 million during the quarter, compared to the consensus estimate of $130.58 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts forecast that AAON, Inc. will post 0.81 earnings per share for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, November 29th will be given a $0.16 dividend. This is an increase from AAON’s previous semiannual dividend of $0.13. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a yield of 0.74%. AAON’s payout ratio is presently 33.68%.
In other AAON news, President Gary D. Fields sold 1,600 shares of AAON stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $44.22, for a total value of $70,752.00. Following the completion of the transaction, the president now owns 23,743 shares in the company, valued at approximately $1,049,915.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jack E. Short sold 9,123 shares of AAON stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $43.81, for a total value of $399,678.63. Following the completion of the transaction, the director now owns 40,275 shares of the company’s stock, valued at approximately $1,764,447.75. The disclosure for this sale can be found here. Insiders own 22.20% of the company’s stock.
Several equities analysts recently commented on AAON shares. BidaskClub upgraded AAON from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research downgraded AAON from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Finally, ValuEngine downgraded AAON from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th.
AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.
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