Squarepoint Ops LLC Boosts Stake in AAON, Inc. $AAON

Squarepoint Ops LLC lifted its stake in shares of AAON, Inc. (NASDAQ:AAON) by 868.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 107,045 shares of the construction company’s stock after purchasing an additional 95,994 shares during the quarter. Squarepoint Ops LLC’s holdings in AAON were worth $13,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in AAON. California State Teachers Retirement System increased its position in shares of AAON by 12,636.0% in the 2nd quarter. California State Teachers Retirement System now owns 10,244,326 shares of the construction company’s stock valued at $1,299,595,000 after acquiring an additional 10,163,890 shares during the period. Wellington Management Group LLP lifted its position in AAON by 512.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock worth $442,896,000 after acquiring an additional 3,966,088 shares during the period. Franklin Resources Inc. lifted its position in AAON by 8,956.4% during the 4th quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock worth $93,231,000 after acquiring an additional 1,209,205 shares during the period. Norges Bank purchased a new stake in AAON during the 4th quarter valued at about $41,584,000. Finally, Wasatch Advisors LP grew its stake in AAON by 27.1% during the 3rd quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock valued at $199,864,000 after purchasing an additional 456,560 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AAON

In other AAON news, EVP Matthew Shaub acquired 457 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was acquired at an average cost of $76.42 per share, for a total transaction of $34,923.94. Following the completion of the transaction, the executive vice president directly owned 3,136 shares of the company’s stock, valued at $239,653.12. This represents a 17.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 18.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AAON shares. Robert W. Baird cut their price objective on AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th. Oppenheimer dropped their target price on AAON from $145.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. KeyCorp reissued a “sector weight” rating on shares of AAON in a research report on Thursday, August 13th. Finally, Zacks Research cut shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.67.

AAON Trading Down 3.0%

Shares of AAON stock opened at $77.02 on Thursday. The firm has a 50-day simple moving average of $92.64 and a two-hundred day simple moving average of $103.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.01 and a current ratio of 3.01. AAON, Inc. has a fifty-two week low of $73.19 and a fifty-two week high of $150.46. The company has a market cap of $6.35 billion, a P/E ratio of 40.11, a price-to-earnings-growth ratio of 1.50 and a beta of 1.41.

AAON (NASDAQ:AAON) last posted its earnings results on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. AAON had a return on equity of 17.32% and a net margin of 8.24%.The firm had revenue of $626.98 million for the quarter, compared to analysts’ expectations of $508.82 million. The company’s quarterly revenue was up 101.2% on a year-over-year basis. During the same period last year, the firm earned $0.22 EPS. As a group, equities analysts predict that AAON, Inc. will post 2.3 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 4th. AAON’s dividend payout ratio (DPR) is presently 20.83%.

AAON Profile

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.