AAON, Inc. $AAON Shares Sold by Clean Energy Transition LLP

Clean Energy Transition LLP decreased its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 91.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 44,134 shares of the construction company’s stock after selling 469,308 shares during the quarter. AAON makes up approximately 0.3% of Clean Energy Transition LLP’s investment portfolio, making the stock its 12th largest position. Clean Energy Transition LLP’s holdings in AAON were worth $3,365,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares during the period. Jones Financial Companies Lllp lifted its position in AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after purchasing an additional 141 shares during the period. Danske Bank A S acquired a new stake in AAON in the third quarter valued at about $47,000. Huntington National Bank lifted its position in AAON by 27.0% in the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after purchasing an additional 121 shares during the period. Finally, UMB Bank n.a. lifted its position in AAON by 46.8% in the fourth quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock valued at $67,000 after purchasing an additional 282 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Transactions at AAON

In related news, Director Gary D. Fields sold 31,271 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $134.07, for a total value of $4,192,502.97. Following the sale, the director directly owned 34,252 shares in the company, valued at $4,592,165.64. The trade was a 47.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the insider directly owned 13,463 shares in the company, valued at approximately $1,861,932.90. The trade was a 18.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 150,473 shares of company stock worth $19,516,213. Corporate insiders own 18.09% of the company’s stock.

Analyst Ratings Changes

AAON has been the subject of a number of recent analyst reports. Oppenheimer restated an “outperform” rating on shares of AAON in a research report on Friday, May 8th. William Blair restated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, AAON has an average rating of “Buy” and an average target price of $107.75.

AAON Price Performance

Shares of NASDAQ:AAON opened at $127.19 on Friday. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 88.94, a price-to-earnings-growth ratio of 3.56 and a beta of 1.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The business’s 50 day simple moving average is $115.30 and its 200-day simple moving average is $97.70. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $150.46.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.17. The firm had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.AAON’s quarterly revenue was up 54.3% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. As a group, equities analysts forecast that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.40 annualized dividend and a yield of 0.3%. AAON’s dividend payout ratio is 27.97%.

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.