AAON, Inc. (NASDAQ:AAON) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC decreased its stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 56.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,626 shares of the construction company's stock after selling 4,656 shares during the quarter. Verition Fund Management LLC's holdings in AAON were worth $391,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock valued at $32,000 after purchasing an additional 198 shares during the last quarter. ORG Partners LLC purchased a new position in AAON during the 2nd quarter valued at approximately $29,000. ORG Wealth Partners LLC bought a new stake in AAON in the 3rd quarter worth approximately $37,000. Crewe Advisors LLC purchased a new stake in shares of AAON during the 2nd quarter worth approximately $35,000. Finally, Signaturefd LLC raised its holdings in shares of AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company's stock worth $53,000 after acquiring an additional 238 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Casey Kidwell sold 1,421 shares of the company'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 directly owns 4,953 shares in the company, valued at $669,348.42. This represents a 22.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Stephen E. Wakefield sold 5,750 shares of AAON stock in a transaction dated Monday, November 25th. The shares were 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 trade represents a 36.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,967 shares of company stock valued at $6,961,357. Corporate insiders own 18.55% of the company's stock.

AAON Trading Up 0.0 %

NASDAQ AAON traded up $0.05 during trading on Friday, hitting $131.32. The stock had a trading volume of 358,082 shares, compared to its average volume of 589,026. The stock has a 50 day simple moving average of $123.82 and a 200 day simple moving average of $100.76. AAON, Inc. has a one year low of $67.99 and a one year high of $144.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 57.85 and a beta of 0.83.

AAON (NASDAQ:AAON - Get Free Report) last released its 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 business had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. Sell-side analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Friday, November 29th. AAON's dividend payout ratio (DPR) is presently 14.10%.

Analysts Set New Price Targets

AAON has been the topic of a number of recent research reports. DA Davidson upped 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. StockNews.com upgraded shares of AAON from a "sell" rating to a "hold" rating in a research report on Friday, September 20th. Sidoti lowered 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 research report on Tuesday, October 22nd. Robert W. Baird upped their price objective on AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, Baird R W upgraded AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Two research 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. Based on data from MarketBeat.com, AAON currently has an average rating of "Moderate Buy" and a consensus 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.