ProShare Advisors LLC Has $1.07 Million Stock Position in AAON, Inc. (NASDAQ:AAON)

ProShare Advisors LLC lowered its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 9.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,299 shares of the construction company’s stock after selling 1,357 shares during the period. ProShare Advisors LLC’s holdings in AAON were worth $1,073,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. raised its position in AAON by 106.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock worth $95,010,000 after purchasing an additional 561,195 shares during the last quarter. Blair William & Co. IL bought a new position in shares of AAON during the second quarter worth about $44,934,000. Allspring Global Investments Holdings LLC lifted its stake in shares of AAON by 552.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 350,082 shares of the construction company’s stock worth $30,541,000 after acquiring an additional 296,423 shares during the period. Norden Group LLC boosted its holdings in AAON by 2,604.7% in the first quarter. Norden Group LLC now owns 305,550 shares of the construction company’s stock valued at $26,920,000 after acquiring an additional 294,253 shares during the last quarter. Finally, Swedbank AB bought a new stake in AAON in the second quarter valued at approximately $14,569,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AAON. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. DA Davidson restated a “buy” rating and issued a $102.00 target price on shares of AAON in a report on Wednesday, June 26th. Robert W. Baird increased their price target on AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Baird R W raised AAON to a “hold” rating in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $102.00.

AAON Price Performance

AAON stock opened at $107.09 on Friday. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 49.81 and a beta of 0.80. AAON, Inc. has a 52-week low of $52.24 and a 52-week high of $109.07. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. The stock’s 50 day moving average price is $92.19 and its two-hundred day moving average price is $86.13.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. AAON had a net margin of 15.60% and a return on equity of 26.02%. The business had revenue of $313.57 million for the quarter, compared to analyst estimates of $283.77 million. During the same period in the prior year, the firm earned $0.55 earnings per share. AAON’s revenue was up 10.4% on a year-over-year basis. On average, equities analysts predict that AAON, Inc. will post 2.29 earnings per share for the current year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. AAON’s dividend payout ratio is presently 14.88%.

Insider Activity at AAON

In other AAON news, VP Stephen E. Wakefield sold 29,946 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $90.13, for a total value of $2,699,032.98. Following the transaction, the vice president now owns 15,670 shares in the company, valued at $1,412,337.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other AAON news, VP Stephen E. Wakefield sold 29,946 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the completion of the sale, the vice president now owns 15,670 shares in the company, valued at approximately $1,412,337.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Norman H. Asbjornson sold 11,022 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total transaction of $963,433.02. Following the completion of the transaction, the director now directly owns 5,135 shares in the company, valued at $448,850.35. The disclosure for this sale can be found here. Insiders sold 61,609 shares of company stock valued at $5,441,927 in the last three months. Corporate insiders own 18.55% of the company’s stock.

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.