Impax Asset Management Group plc Decreases Stake in AAON, Inc. (NASDAQ:AAON)

Impax Asset Management Group plc lessened its stake in shares of AAON, Inc. (NASDAQ:AAON) by 38.9% during the 3rd quarter, Holdings Channel reports. The firm owned 55,000 shares of the construction company’s stock after selling 35,000 shares during the quarter. Impax Asset Management Group plc’s holdings in AAON were worth $5,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AAON. NBC Securities Inc. grew its holdings in shares of AAON by 4.5% during the third quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock valued at $388,000 after buying an additional 156 shares during the last quarter. Ascent Wealth Partners LLC grew its stake in AAON by 1.1% during the 2nd quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock valued at $1,456,000 after purchasing an additional 178 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after purchasing an additional 198 shares during the period. New York State Teachers Retirement System raised its stake in shares of AAON by 1.0% in the third quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock worth $2,083,000 after purchasing an additional 200 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of AAON by 63.5% during the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after purchasing an additional 238 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Price Performance

Shares of NASDAQ AAON opened at $113.02 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 50.91 and a beta of 0.79. The firm’s 50 day simple moving average is $104.15 and its 200-day simple moving average is $90.78. AAON, Inc. has a 12 month low of $56.70 and a 12 month high of $122.97.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a $0.08 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. AAON’s payout ratio is 14.41%.

Analyst Ratings Changes

Several brokerages recently weighed in on AAON. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and upped their price objective for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Robert W. Baird raised shares of AAON from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $114.00 to $130.00 in a report on Monday, October 28th. Finally, Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $114.33.

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.