Ontario Teachers Pension Plan Board Has $287,000 Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Ontario Teachers Pension Plan Board reduced its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 66.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,657 shares of the construction company's stock after selling 5,241 shares during the period. Ontario Teachers Pension Plan Board's holdings in AAON were worth $287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in AAON in the second quarter valued at $29,000. Blue Trust Inc. increased its position in AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock worth $32,000 after acquiring an additional 198 shares during the period. Crewe Advisors LLC bought a new stake in shares of AAON in the second quarter valued at approximately $35,000. ORG Wealth Partners LLC acquired a new stake in shares of AAON during the 3rd quarter worth $37,000. Finally, Signaturefd LLC increased its position in shares of AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company's stock worth $53,000 after purchasing an additional 238 shares during the period. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

AAON has been the subject of several analyst reports. 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 report on Friday, November 8th. Baird R W upgraded AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. Sidoti lowered AAON from a "buy" rating to a "neutral" rating and lifted their price target for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Robert W. Baird upped their price objective on AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, StockNews.com upgraded AAON from a "sell" rating to a "hold" rating in a research report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, AAON has a consensus rating of "Moderate Buy" and a consensus target price of $133.00.

Insider Buying and Selling

In other news, CEO Gary D. Fields sold 35,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 64,295 shares of the company's stock, valued at $8,488,868.85. The trade was a 35.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Casey Kidwell sold 1,421 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $135.14, for a total value of $192,033.94. Following the sale, the vice president now owns 4,953 shares in the company, valued at approximately $669,348.42. The trade was a 22.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,217 shares of company stock valued at $5,467,162 over the last 90 days. 18.55% of the stock is owned by insiders.

AAON Trading Up 1.4 %

Shares of AAON stock opened at $137.42 on Friday. AAON, Inc. has a twelve month low of $61.09 and a twelve month high of $144.07. The stock's fifty day simple moving average is $114.05 and its 200 day simple moving average is $94.31. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $11.17 billion, a P/E ratio of 60.54 and a beta of 0.79.

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 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 period in the previous year, the business posted $0.64 earnings per share. The business's quarterly revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.23%. AAON's dividend payout ratio (DPR) is presently 14.10%.

AAON 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.