Ontario Teachers Pension Plan Board Sells 5,241 Shares of AAON, Inc. (NASDAQ:AAON)

Ontario Teachers Pension Plan Board decreased its position in AAON, Inc. (NASDAQ:AAON) by 66.4% during the 3rd quarter, Holdings Channel reports. The firm owned 2,657 shares of the construction company’s stock after selling 5,241 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in AAON were worth $287,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its stake in AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after buying an additional 198 shares during the last quarter. ORG Partners LLC bought a new stake in AAON during the 2nd quarter worth approximately $29,000. ORG Wealth Partners LLC acquired a new stake in AAON during the 3rd quarter valued at $37,000. Crewe Advisors LLC bought a new position in AAON in the 2nd quarter valued at $35,000. Finally, Signaturefd LLC boosted its stake in AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after purchasing an additional 238 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

AAON has been the subject of a number of research reports. Sidoti lowered AAON from a “buy” rating to a “neutral” rating and raised their target price for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. DA Davidson boosted their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Robert W. Baird upped their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, AAON currently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

AAON Stock Performance

Shares of AAON stock opened at $137.42 on Friday. The stock has a 50-day moving average of $114.05 and a 200-day moving average of $94.31. AAON, Inc. has a one year low of $61.09 and a one year high of $144.07. The stock has a market cap of $11.17 billion, a PE ratio of 60.54 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. AAON had a net margin of 15.78% and a return on equity of 24.98%. The company had revenue of $327.25 million for the quarter, compared to analysts’ expectations of $315.80 million. During the same period last year, the firm posted $0.64 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. AAON’s dividend payout ratio (DPR) is currently 14.10%.

Insider Transactions at AAON

In related news, CEO Gary D. Fields sold 35,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at approximately $8,488,868.85. This represents a 35.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Casey Kidwell sold 1,421 shares of AAON stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $135.14, for a total transaction of $192,033.94. Following the completion of the transaction, the vice president now directly owns 4,953 shares in the company, valued at approximately $669,348.42. The trade was a 22.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,217 shares of company stock valued at $5,467,162 over the last 90 days. 18.55% of the stock is owned by company insiders.

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.