Jane Street Group LLC Has $23.50 Million Position in AAON, Inc. (NASDAQ:AAON)

Jane Street Group LLC lowered its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 51.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,885 shares of the construction company's stock after selling 229,611 shares during the period. Jane Street Group LLC owned about 0.27% of AAON worth $23,497,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC lifted its stake in AAON by 206.2% in the second quarter. SG Americas Securities LLC now owns 7,373 shares of the construction company's stock valued at $643,000 after acquiring an additional 4,965 shares during the last quarter. Securian Asset Management Inc. bought a new stake in AAON in the second quarter valued at approximately $475,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of AAON during the 2nd quarter worth approximately $281,000. ORG Partners LLC bought a new position in shares of AAON during the 2nd quarter worth approximately $29,000. Finally, Cottonwood Capital Advisors LLC bought a new position in shares of AAON during the 2nd quarter worth approximately $278,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

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

AAON Price Performance

AAON stock traded up $0.11 during midday trading on Tuesday, reaching $129.17. 416,080 shares of the stock were exchanged, compared to its average volume of 592,741. AAON, Inc. has a 52 week low of $64.53 and a 52 week high of $144.07. The company has a fifty day moving average price of $121.92 and a 200 day moving average price of $99.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The stock has a market capitalization of $10.50 billion, a PE ratio of 56.90 and a beta of 0.83.

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 for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $327.25 million for the quarter, compared to analysts' expectations of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share. As a group, analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.25%. AAON's payout ratio is 14.10%.

Insider Transactions at AAON

In related news, CEO Gary D. Fields sold 35,000 shares of the business's 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. The trade was a 35.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Casey Kidwell sold 1,421 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $135.14, for a total transaction of $192,033.94. Following the completion of the sale, the vice president now owns 4,953 shares of the company's stock, valued at $669,348.42. The trade was a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,967 shares of company stock worth $6,961,357 over the last three months. 18.55% of the stock is owned by company 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.