PEAK6 Investments LLC Sells 6,001 Shares of AAON, Inc. (NASDAQ:AAON)

PEAK6 Investments LLC cut its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 29.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,568 shares of the construction company's stock after selling 6,001 shares during the quarter. PEAK6 Investments LLC's holdings in AAON were worth $1,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AAON. Amalgamated Bank lifted its position in shares of AAON by 65.2% during the 2nd quarter. Amalgamated Bank now owns 35,367 shares of the construction company's stock worth $3,085,000 after buying an additional 13,964 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in shares of AAON by 1.5% in the third quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company's stock worth $183,135,000 after acquiring an additional 24,384 shares during the last quarter. Swedbank AB acquired a new stake in shares of AAON in the 2nd quarter valued at approximately $14,569,000. Raymond James & Associates grew its holdings in shares of AAON by 3.4% during the 3rd quarter. Raymond James & Associates now owns 142,930 shares of the construction company's stock valued at $15,414,000 after purchasing an additional 4,709 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in AAON by 122.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,476 shares of the construction company's stock worth $1,777,000 after purchasing an additional 9,063 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AAON news, VP Stephen E. Wakefield sold 5,750 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.86, for a total value of $804,195.00. Following the completion of the transaction, the vice president now owns 9,920 shares in the company, valued at $1,387,411.20. This represents a 36.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Casey Kidwell sold 1,421 shares of AAON stock in a transaction dated 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 directly owns 4,953 shares in the company, valued at approximately $669,348.42. This represents a 22.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,967 shares of company stock valued at $6,271,357. Corporate insiders own 18.55% of the company's stock.

AAON Stock Up 0.7 %

NASDAQ:AAON traded up $0.87 on Tuesday, hitting $133.16. The stock had a trading volume of 342,550 shares, compared to its average volume of 491,273. The company has a market cap of $10.82 billion, a PE ratio of 58.66 and a beta of 0.83. AAON, Inc. has a 52 week low of $62.01 and a 52 week high of $144.07. The business's fifty day moving average is $119.22 and its 200 day moving average is $97.53. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

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

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid 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 yield of 0.24%. AAON's dividend payout ratio (DPR) is currently 14.10%.

Analysts Set New Price Targets

AAON has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Sidoti downgraded AAON from a "buy" rating to a "neutral" rating and upped their price objective for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Baird R W raised shares of AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. DA Davidson raised their price target 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. Finally, StockNews.com upgraded AAON from a "sell" rating to a "hold" rating in a 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $133.00.

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.