Swedbank AB Decreases Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Swedbank AB reduced its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,000 shares of the construction company's stock after selling 36,000 shares during the quarter. Swedbank AB owned approximately 0.17% of AAON worth $16,593,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AAON. Blue Trust Inc. lifted its position in shares of AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock valued at $32,000 after buying an additional 198 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in AAON during the third quarter valued at about $36,000. ORG Wealth Partners LLC bought a new position in AAON during the third quarter worth about $37,000. UMB Bank n.a. grew its stake in AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock valued at $38,000 after buying an additional 131 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in AAON in the 3rd quarter valued at $43,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AAON. Baird R W upgraded AAON from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 28th. Robert W. Baird raised their price objective on AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Sidoti cut AAON from a "buy" rating to a "neutral" rating and increased their target price for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Finally, DA Davidson raised their price target on AAON from $102.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AAON presently has an average rating of "Moderate Buy" and a consensus price target of $133.00.

AAON Trading Down 3.2 %

NASDAQ:AAON traded down $3.70 during mid-day trading on Tuesday, reaching $111.40. 404,485 shares of the company's stock traded hands, compared to its average volume of 718,831. The company has a 50 day moving average price of $126.31 and a 200-day moving average price of $111.71. AAON, Inc. has a 12-month low of $70.28 and a 12-month high of $144.07. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 49.07 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. The company had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. AAON's revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. On average, sell-side analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, November 29th. AAON's dividend payout ratio is 14.10%.

Insiders Place Their Bets

In other news, CEO Gary D. Fields sold 35,000 shares of AAON stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the transaction, the chief executive officer now owns 64,295 shares in the company, valued at $8,488,868.85. This trade represents a 35.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Stephen E. Wakefield sold 5,362 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $130.99, for a total value of $702,368.38. Following the completion of the sale, the vice president now owns 4,558 shares of the company's stock, valued at $597,052.42. This trade represents a 54.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,329 shares of company stock valued at $7,663,726. 18.55% of the stock is currently owned by corporate insiders.

About AAON

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.