Campbell & CO Investment Adviser LLC Buys 8,116 Shares of AAON, Inc. $AAON

Campbell & CO Investment Adviser LLC increased its stake in AAON, Inc. (NASDAQ:AAON) by 110.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,474 shares of the construction company’s stock after buying an additional 8,116 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in AAON were worth $1,141,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of AAON by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company’s stock worth $509,111,000 after acquiring an additional 276,722 shares during the period. Blair William & Co. IL lifted its stake in shares of AAON by 4.7% in the 2nd quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company’s stock valued at $168,155,000 after purchasing an additional 102,382 shares during the period. Geneva Capital Management LLC boosted its position in shares of AAON by 7.3% during the second quarter. Geneva Capital Management LLC now owns 2,036,752 shares of the construction company’s stock valued at $150,210,000 after purchasing an additional 139,024 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in AAON by 5.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,402,803 shares of the construction company’s stock worth $109,598,000 after purchasing an additional 66,536 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in AAON by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 646,890 shares of the construction company’s stock worth $50,542,000 after purchasing an additional 34,938 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wall Street Zen lowered AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Robert W. Baird lowered their price target on shares of AAON from $102.00 to $98.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. DA Davidson cut their price objective on shares of AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Finally, Oppenheimer reiterated an “outperform” rating and set a $115.00 target price on shares of AAON in a report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $104.60.

AAON Trading Down 1.8%

NASDAQ:AAON opened at $102.04 on Thursday. The company’s 50 day moving average price is $95.36 and its 200-day moving average price is $88.69. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $142.20. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 69.41 and a beta of 1.05.

AAON (NASDAQ:AAON) last posted its earnings results on Tuesday, June 10th. The construction company reported $0.37 EPS for the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%.The business had revenue of $322.05 million during the quarter. On average, equities research analysts forecast 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 18th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 26th. AAON’s dividend payout ratio (DPR) is presently 33.06%.

Insider Transactions at AAON

In related news, Director Gary D. Fields sold 26,746 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $105.21, for a total value of $2,813,946.66. Following the sale, the director owned 26,340 shares in the company, valued at approximately $2,771,231.40. This trade represents a 50.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher Douglas Eason sold 12,003 shares of AAON stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the completion of the sale, the insider directly owned 5,301 shares of the company’s stock, valued at approximately $451,009.08. This trade represents a 69.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,099 shares of company stock worth $4,593,353 over the last three months. 18.70% of the stock is currently owned by company insiders.

AAON 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.