Public Employees Retirement System of Ohio Buys 15,770 Shares of AAON, Inc. $AAON

Public Employees Retirement System of Ohio lifted its stake in AAON, Inc. (NASDAQ:AAON) by 19.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,809 shares of the construction company’s stock after acquiring an additional 15,770 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in AAON were worth $8,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AAON. Wellington Management Group LLP grew its stake in AAON by 512.5% in the third quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after purchasing an additional 3,966,088 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of AAON by 8,956.4% during the 4th quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock worth $93,231,000 after purchasing an additional 1,209,205 shares in the last quarter. Norges Bank bought a new stake in shares of AAON during the 4th quarter worth approximately $41,584,000. Impax Asset Management Group plc boosted its holdings in shares of AAON by 53.2% in the 4th quarter. Impax Asset Management Group plc now owns 1,403,648 shares of the construction company’s stock valued at $107,028,000 after buying an additional 487,601 shares during the last quarter. Finally, Wasatch Advisors LP boosted its holdings in shares of AAON by 27.1% in the 3rd quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock valued at $199,864,000 after buying an additional 456,560 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AAON. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Tuesday, July 14th. KeyCorp initiated coverage on shares of AAON in a research note on Thursday. They issued a “sector weight” rating for the company. Oppenheimer reissued an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Finally, Zacks Research lowered shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

AAON Stock Down 1.6%

AAON stock opened at $101.02 on Tuesday. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $150.46. The business’s 50 day simple moving average is $124.53 and its 200 day simple moving average is $105.61. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $8.27 billion, a PE ratio of 70.64, a PEG ratio of 2.86 and a beta of 1.41.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. During the same quarter last year, the firm posted $0.37 EPS. The company’s quarterly revenue was up 54.3% on a year-over-year basis. As a group, research analysts anticipate that AAON, Inc. will post 2.24 EPS for the current year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. AAON’s payout ratio is presently 27.97%.

Insider Buying and Selling at AAON

In related news, Director Gary D. Fields sold 19,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $140.20, for a total value of $2,663,800.00. Following the transaction, the director owned 15,252 shares in the company, valued at approximately $2,138,330.40. This represents a 55.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Casey Kidwell sold 3,153 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $138.30, for a total transaction of $436,059.90. Following the completion of the transaction, the insider directly owned 13,463 shares in the company, valued at approximately $1,861,932.90. This represents a 18.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 118,580 shares of company stock worth $16,321,222 in the last ninety days. Insiders own 18.09% of the company’s stock.

About AAON

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.