AAON, Inc. (NASDAQ:AAON) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC raised its position in AAON, Inc. (NASDAQ:AAON) by 72.4% during the 3rd quarter, Holdings Channel reports. The firm owned 16,356 shares of the construction company’s stock after acquiring an additional 6,869 shares during the quarter. Pathstone Holdings LLC’s holdings in AAON were worth $1,764,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. RiverPark Advisors LLC grew its holdings in AAON by 221.1% in the third quarter. RiverPark Advisors LLC now owns 2,845 shares of the construction company’s stock valued at $307,000 after purchasing an additional 1,959 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of AAON by 12.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,225,600 shares of the construction company’s stock valued at $132,169,000 after acquiring an additional 136,530 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of AAON by 25.1% in the third quarter. Natixis Advisors LLC now owns 201,661 shares of the construction company’s stock valued at $21,747,000 after acquiring an additional 40,407 shares in the last quarter. Archer Investment Corp lifted its position in shares of AAON by 40.0% in the third quarter. Archer Investment Corp now owns 1,575 shares of the construction company’s stock valued at $170,000 after acquiring an additional 450 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in shares of AAON in the third quarter valued at $252,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Price Performance

AAON stock opened at $136.03 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON, Inc. has a 1 year low of $61.09 and a 1 year high of $144.07. The firm has a market cap of $11.06 billion, a P/E ratio of 61.87 and a beta of 0.79. The stock has a 50-day simple moving average of $116.63 and a 200-day simple moving average of $95.84.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. During the same quarter last year, the firm earned $0.64 EPS. AAON’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Friday, November 29th. AAON’s dividend payout ratio (DPR) is 14.10%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Sidoti downgraded 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 research report on Tuesday, October 22nd. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Robert W. Baird increased their target price on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Finally, DA Davidson increased their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $133.00.

Insider Buying and Selling

In related news, VP Casey Kidwell sold 4,796 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the sale, the vice president now owns 4,953 shares of the company’s stock, valued at approximately $675,490.14. This trade represents a 49.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary D. Fields sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,967 shares of company stock valued at $6,271,357. Insiders own 18.55% of the company’s stock.

AAON Company Profile

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.