UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 8,890 Shares of AAON, Inc. (NASDAQ:AAON)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,674 shares of the construction company's stock after selling 8,890 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of AAON worth $23,258,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AAON. ORG Partners LLC purchased a new stake in shares of AAON in the 2nd quarter worth about $29,000. Blue Trust Inc. grew its holdings in AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock worth $32,000 after purchasing an additional 198 shares during the period. Crewe Advisors LLC bought a new position in shares of AAON during the second quarter valued at approximately $35,000. ORG Wealth Partners LLC purchased a new position in shares of AAON during the third quarter valued at approximately $37,000. Finally, Signaturefd LLC boosted its position in shares of AAON by 63.5% in the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company's stock worth $53,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Insider Activity at AAON

In other AAON 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 transaction of $4,621,050.00. Following the completion of the sale, the chief executive officer now directly 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 document filed with the SEC, which is available through this hyperlink. Also, VP Stephen E. Wakefield sold 5,750 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction 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 trade represents a 36.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,967 shares of company stock worth $6,961,357. 18.55% of the stock is owned by insiders.

AAON Stock Performance

NASDAQ:AAON traded up $1.49 during mid-day trading on Friday, reaching $137.25. The company's stock had a trading volume of 483,099 shares, compared to its average volume of 593,951. The firm's fifty day moving average price is $121.49 and its two-hundred day moving average price is $98.90. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The stock has a market cap of $11.16 billion, a P/E ratio of 60.46 and a beta of 0.83. AAON, Inc. has a 12-month low of $62.88 and a 12-month high of $144.07.

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

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, November 29th. AAON's payout ratio is currently 14.10%.

Wall Street Analyst Weigh In

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

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.