Handelsbanken Fonder AB Makes New $851,000 Investment in AAON, Inc. (NASDAQ:AAON)

Handelsbanken Fonder AB acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,524 shares of the construction company’s stock, valued at approximately $851,000.

Several other large investors have also recently modified their holdings of AAON. Vanguard Group Inc. increased its stake in AAON by 57.2% in the 3rd quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock worth $425,936,000 after purchasing an additional 2,725,779 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in AAON by 46.0% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,385,306 shares of the construction company’s stock valued at $249,392,000 after buying an additional 1,380,751 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position in AAON by 0.8% during the 4th quarter. Conestoga Capital Advisors LLC now owns 3,354,242 shares of the construction company’s stock valued at $247,778,000 after buying an additional 25,178 shares during the period. Ameriprise Financial Inc. grew its holdings in AAON by 111.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company’s stock worth $91,361,000 after acquiring an additional 847,953 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of AAON by 61.5% in the third quarter. Invesco Ltd. now owns 1,604,098 shares of the construction company’s stock valued at $91,225,000 after acquiring an additional 610,949 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, William Blair began coverage on shares of AAON in a report on Monday. They set an “outperform” rating for the company.

Insider Buying and Selling

In other news, Director Norman H. Asbjornson sold 19,136 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $81.30, for a total value of $1,555,756.80. Following the sale, the director now directly owns 14,874 shares of the company’s stock, valued at approximately $1,209,256.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Norman H. Asbjornson sold 19,136 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the completion of the transaction, the director now owns 14,874 shares of the company’s stock, valued at approximately $1,209,256.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Stephen E. Wakefield sold 24,655 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total value of $1,993,603.30. Following the completion of the sale, the vice president now directly owns 15,992 shares in the company, valued at $1,293,113.12. The disclosure for this sale can be found here. Insiders sold a total of 44,596 shares of company stock valued at $3,613,768 over the last three months. Corporate insiders own 18.55% of the company’s stock.

AAON Trading Up 3.0 %

NASDAQ AAON opened at $93.85 on Tuesday. The stock has a market cap of $7.71 billion, a P/E ratio of 43.99 and a beta of 0.91. AAON, Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $96.34. The stock has a 50 day simple moving average of $85.66 and a two-hundred day simple moving average of $73.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 3.23.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $306.60 million during the quarter, compared to analyst estimates of $294.35 million. AAON had a return on equity of 27.20% and a net margin of 15.20%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. On average, analysts forecast that AAON, Inc. will post 2.29 earnings per share for the current year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Friday, March 15th. AAON’s payout ratio is 15.00%.

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.