Global Retirement Partners LLC Purchases Shares of 5,899 AAON, Inc. $AAON

Global Retirement Partners LLC acquired a new position in shares of AAON, Inc. (NASDAQ:AAON) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 5,899 shares of the construction company’s stock, valued at approximately $435,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in AAON in the 2nd quarter worth $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of AAON during the second quarter worth about $53,000. UMB Bank n.a. grew its holdings in shares of AAON by 32.9% during the second quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after buying an additional 194 shares in the last quarter. CWM LLC raised its position in AAON by 25.7% in the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock valued at $73,000 after buying an additional 192 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in AAON in the 2nd quarter valued at approximately $91,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AAON

In other news, CFO Rebecca Thompson sold 9,350 shares of AAON stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $81.09, for a total transaction of $758,191.50. Following the completion of the transaction, the chief financial officer directly owned 24,396 shares in the company, valued at approximately $1,978,271.64. The trade was a 27.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary D. Fields sold 26,746 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total value of $2,813,946.66. Following the transaction, the director directly owned 26,340 shares in the company, valued at $2,771,231.40. The trade was a 50.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,649 shares of company stock valued at $3,945,701 in the last quarter. 18.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Oppenheimer restated an “outperform” rating and set a $115.00 target price on shares of AAON in a report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of AAON from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Finally, Robert W. Baird reduced their price objective on shares of AAON from $102.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $104.60.

AAON Price Performance

NASDAQ:AAON opened at $93.48 on Friday. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $139.09. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $97.61 and a 200 day simple moving average of $88.30. The stock has a market capitalization of $7.63 billion, a PE ratio of 63.59 and a beta of 1.05.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. AAON had a net margin of 9.70% and a return on equity of 15.45%. The firm had revenue of $322.05 million for the quarter. On average, research analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Wednesday, November 26th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, November 26th. AAON’s dividend payout ratio (DPR) is 33.06%.

AAON Company 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.