Pinebridge Investments L.P. Increases Stake in AAON, Inc. (AAON)
Pinebridge Investments L.P. lifted its holdings in AAON, Inc. (NASDAQ:AAON) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,198 shares of the construction company’s stock after purchasing an additional 48 shares during the quarter. Pinebridge Investments L.P.’s holdings in AAON were worth $192,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of AAON by 132,761.8% in the first quarter. BlackRock Inc. now owns 4,753,796 shares of the construction company’s stock worth $168,047,000 after purchasing an additional 4,750,218 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of AAON by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 3,588,053 shares of the construction company’s stock worth $132,220,000 after purchasing an additional 13,725 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of AAON by 3.6% in the first quarter. Vanguard Group Inc. now owns 3,503,276 shares of the construction company’s stock worth $123,841,000 after purchasing an additional 121,814 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of AAON by 5.1% in the second quarter. Conestoga Capital Advisors LLC now owns 1,566,317 shares of the construction company’s stock worth $57,719,000 after purchasing an additional 75,443 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of AAON by 9.7% in the first quarter. Macquarie Group Ltd. now owns 994,468 shares of the construction company’s stock worth $35,154,000 after purchasing an additional 88,002 shares in the last quarter. 65.30% of the stock is currently owned by institutional investors and hedge funds.
In other AAON news, Director Jack E. Short sold 5,062 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $31.91, for a total transaction of $161,528.42. Following the transaction, the director now directly owns 54,336 shares in the company, valued at approximately $1,733,861.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 22.25% of the stock is currently owned by company insiders.
Shares of AAON, Inc. (NASDAQ AAON) opened at 35.15 on Friday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 36.61 and a beta of 0.97. The stock has a 50 day moving average of $32.97 and a 200-day moving average of $35.22. AAON, Inc. has a 12 month low of $27.45 and a 12 month high of $38.20.
AAON (NASDAQ:AAON) last issued its earnings results on Thursday, August 3rd. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). AAON had a return on equity of 24.33% and a net margin of 13.32%. The firm had revenue of $101.30 million during the quarter, compared to the consensus estimate of $111.24 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. AAON’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts forecast that AAON, Inc. will post $0.99 EPS for the current year.
AAON has been the topic of a number of research reports. BidaskClub raised shares of AAON from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th.
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AAON, Inc is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils.
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