Algert Global LLC Has $472,000 Position in AAON, Inc. (NASDAQ:AAON)

Algert Global LLC trimmed its stake in AAON, Inc. (NASDAQ:AAON - Free Report) by 78.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,379 shares of the construction company's stock after selling 16,010 shares during the period. Algert Global LLC's holdings in AAON were worth $472,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AAON. Janus Henderson Group PLC increased its position in shares of AAON by 79.8% during the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company's stock valued at $5,186,000 after purchasing an additional 26,141 shares during the period. Tidal Investments LLC raised its stake in shares of AAON by 242.4% in the 1st quarter. Tidal Investments LLC now owns 15,428 shares of the construction company's stock valued at $1,359,000 after buying an additional 10,922 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of AAON by 206.2% during the 2nd quarter. SG Americas Securities LLC now owns 7,373 shares of the construction company's stock worth $643,000 after acquiring an additional 4,965 shares during the period. Allied Investment Advisors LLC boosted its position in shares of AAON by 263.1% during the 2nd quarter. Allied Investment Advisors LLC now owns 120,192 shares of the construction company's stock valued at $10,486,000 after acquiring an additional 87,092 shares in the last quarter. Finally, Mechanics Bank Trust Department bought a new stake in AAON in the second quarter valued at about $309,000. Institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Baird R W raised AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Sidoti cut AAON from a "buy" rating to a "neutral" rating and upped their price target for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. StockNews.com upgraded AAON from a "sell" rating to a "hold" rating in a research note on Friday, September 20th. Finally, DA Davidson boosted their target price on shares of AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AAON has a consensus rating of "Moderate Buy" and a consensus target price of $133.00.

AAON Price Performance

NASDAQ AAON traded up $0.39 during trading hours on Friday, reaching $136.34. 170,046 shares of the company's stock were exchanged, compared to its average volume of 499,904. The firm has a fifty day moving average of $118.73 and a 200-day moving average of $96.97. AAON, Inc. has a one year low of $61.09 and a one year high of $144.07. The stock has a market cap of $11.08 billion, a PE ratio of 60.06 and a beta of 0.79. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07.

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

AAON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, November 29th. AAON's dividend payout ratio is presently 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 stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares of the company's stock, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stephen E. Wakefield sold 5,750 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the transaction, the vice president now directly owns 9,920 shares in the company, valued at $1,387,411.20. This trade represents a 36.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,967 shares of company stock valued at $6,271,357. Insiders own 18.55% of the company's stock.

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.