Pictet Asset Management Holding SA Sells 208,255 Shares of AAON, Inc. $AAON

Pictet Asset Management Holding SA decreased its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 23.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 671,212 shares of the construction company’s stock after selling 208,255 shares during the quarter. Pictet Asset Management Holding SA’s holdings in AAON were worth $55,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AAON. Toronto Dominion Bank boosted its holdings in shares of AAON by 1.7% in the fourth quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock worth $448,000 after acquiring an additional 99 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of AAON by 30.2% in the third quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock valued at $41,000 after purchasing an additional 101 shares in the last quarter. Huntington National Bank grew its position in shares of AAON by 21.1% in the fourth quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after purchasing an additional 120 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of AAON by 20.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock valued at $80,000 after purchasing an additional 181 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of AAON by 14.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,649 shares of the construction company’s stock valued at $121,000 after purchasing an additional 211 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Zacks Research upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. William Blair reiterated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Finally, Oppenheimer reissued an “outperform” rating on shares of AAON in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $112.00.

Insider Transactions at AAON

In other news, EVP Gordon Douglas Wichman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.39, for a total transaction of $421,170.00. Following the completion of the transaction, the executive vice president owned 10,997 shares of the company’s stock, valued at approximately $1,543,868.83. The trade was a 21.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total transaction of $1,082,960.00. Following the completion of the transaction, the chief executive officer owned 114,371 shares in the company, valued at approximately $15,482,402.27. This trade represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 150,473 shares of company stock worth $19,516,213. 18.09% of the stock is owned by insiders.

AAON Stock Down 0.8%

AAON opened at $125.71 on Tuesday. The firm has a market capitalization of $10.30 billion, a P/E ratio of 87.91, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. AAON, Inc. has a one year low of $62.00 and a one year high of $150.46. The company has a fifty day moving average price of $124.98 and a 200-day moving average price of $101.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The company had revenue of $496.94 million for 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%.The firm’s revenue was up 54.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. Equities research analysts expect that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, June 5th. AAON’s dividend payout ratio is currently 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.