AAON, Inc. (NASDAQ:AAON) Position Decreased by Geneva Capital Management LLC

Geneva Capital Management LLC decreased its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,677,914 shares of the construction company's stock after selling 20,293 shares during the quarter. AAON comprises about 3.4% of Geneva Capital Management LLC's investment portfolio, making the stock its 3rd largest position. Geneva Capital Management LLC owned about 2.06% of AAON worth $197,457,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Mather Group LLC. raised its position in shares of AAON by 521.6% during the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company's stock valued at $27,000 after buying an additional 193 shares in the last quarter. Westside Investment Management Inc. bought a new stake in AAON during the third quarter worth approximately $36,000. UMB Bank n.a. increased its stake in AAON by 67.5% during the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock worth $38,000 after acquiring an additional 131 shares during the last quarter. Blue Trust Inc. raised its position in AAON by 28.4% during the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock valued at $41,000 after purchasing an additional 84 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of AAON in the 4th quarter valued at approximately $42,000. Institutional investors own 70.81% of the company's stock.

Insider Buying and Selling

In other AAON news, VP Stephen E. Wakefield sold 5,362 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the sale, the vice president now owns 4,558 shares of the company's stock, valued at approximately $597,052.42. This trade represents a 54.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.55% of the stock is owned by insiders.

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AAON Trading Down 2.8 %

Shares of AAON traded down $2.28 during trading hours on Monday, reaching $79.79. 1,358,588 shares of the company traded hands, compared to its average volume of 650,770. The stock's fifty day moving average price is $112.28 and its 200 day moving average price is $113.97. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 35.15 and a beta of 1.00. AAON, Inc. has a 12-month low of $69.52 and a 12-month high of $144.07.

AAON announced that its board has approved a share buyback plan on Tuesday, March 4th that permits the company to buyback $30.00 million in shares. This buyback authorization permits the construction company to reacquire up to 0.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

AAON Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.50%. This is a positive change from AAON's previous quarterly dividend of $0.08. AAON's dividend payout ratio (DPR) is currently 15.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. CJS Securities raised AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a research report on Friday, February 28th. Robert W. Baird cut their price objective on shares of AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. StockNews.com downgraded shares of AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, DA Davidson dropped their price target on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.50.

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.