Zurcher Kantonalbank Zurich Cantonalbank Sells 1,290 Shares of AAON, Inc. (NASDAQ:AAON)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in AAON, Inc. (NASDAQ:AAON) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,316 shares of the construction company’s stock after selling 1,290 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AAON were worth $910,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC bought a new position in shares of AAON during the 3rd quarter valued at approximately $65,000. Xponance Inc. increased its stake in shares of AAON by 51.3% in the third quarter. Xponance Inc. now owns 4,004 shares of the construction company’s stock worth $228,000 after purchasing an additional 1,357 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of AAON by 48.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 24,865 shares of the construction company’s stock valued at $1,414,000 after buying an additional 8,167 shares in the last quarter. Raymond James & Associates boosted its holdings in AAON by 51.2% in the 3rd quarter. Raymond James & Associates now owns 94,784 shares of the construction company’s stock worth $5,390,000 after buying an additional 32,085 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of AAON by 49.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 154,102 shares of the construction company’s stock worth $8,764,000 after acquiring an additional 50,919 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Norman H. Asbjornson sold 19,136 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $81.30, for a total value of $1,555,756.80. Following the sale, the director now directly owns 14,874 shares in the company, valued at approximately $1,209,256.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other AAON news, Director Norman H. Asbjornson sold 805 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $80.01, for a total value of $64,408.05. Following the completion of the transaction, the director now owns 53,093 shares in the company, valued at $4,247,970.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Norman H. Asbjornson sold 19,136 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total value of $1,555,756.80. Following the transaction, the director now directly owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The disclosure for this sale can be found here. Insiders sold a total of 44,596 shares of company stock valued at $3,613,768 over the last quarter. 18.55% of the stock is owned by insiders.

AAON Stock Up 1.4 %

Shares of AAON opened at $91.15 on Monday. AAON, Inc. has a 12-month low of $52.24 and a 12-month high of $93.30. The company has a current ratio of 3.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $7.48 billion, a PE ratio of 42.73 and a beta of 0.91. The business’s 50 day moving average is $85.47 and its 200 day moving average is $73.40.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $306.60 million for the quarter, compared to analysts’ expectations of $294.35 million. AAON had a net margin of 15.20% and a return on equity of 27.20%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS. Research analysts expect that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Friday, March 15th. AAON’s dividend payout ratio is presently 15.00%.

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.