Schonfeld Strategic Advisors LLC Has $689,000 Stock Position in AAON, Inc. (NASDAQ:AAON)

Schonfeld Strategic Advisors LLC trimmed its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 61.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,855 shares of the construction company's stock after selling 9,152 shares during the period. Schonfeld Strategic Advisors LLC's holdings in AAON were worth $689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AAON. Vanguard Group Inc. raised its holdings in AAON by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,239,482 shares of the construction company's stock worth $734,262,000 after purchasing an additional 75,832 shares during the last quarter. JPMorgan Chase & Co. increased its stake in AAON by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock valued at $351,615,000 after purchasing an additional 150,207 shares during the last quarter. Invesco Ltd. boosted its position in shares of AAON by 15.6% in the fourth quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company's stock worth $239,184,000 after acquiring an additional 274,119 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of AAON by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,237,680 shares of the construction company's stock valued at $145,692,000 after buying an additional 3,644 shares during the period. Finally, Blair William & Co. IL increased its stake in AAON by 4.2% during the fourth quarter. Blair William & Co. IL now owns 1,169,782 shares of the construction company's stock worth $137,660,000 after acquiring an additional 47,254 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AAON

In other news, CEO Gary D. Fields sold 37,189 shares of AAON stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the completion of the sale, the chief executive officer now directly owns 63,714 shares in the company, valued at $6,256,714.80. The trade was a 36.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Raymond Stewart bought 1,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company's stock, valued at approximately $242,580. The trade was a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 18.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Robert W. Baird decreased their price target on AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a report on Friday, February 28th. DA Davidson decreased their price target on AAON from $150.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, February 28th. CJS Securities upgraded AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Friday, February 28th. Finally, StockNews.com lowered shares of AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, AAON has a consensus rating of "Moderate Buy" and a consensus price target of $115.50.

AAON Stock Up 1.3%

Shares of AAON stock traded up $1.32 on Tuesday, reaching $105.95. 503,146 shares of the company's stock traded hands, compared to its average volume of 671,075. The business's 50 day moving average price is $84.61 and its two-hundred day moving average price is $108.05. The company has a market capitalization of $8.62 billion, a P/E ratio of 46.67 and a beta of 1.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON, Inc. has a 12-month low of $68.98 and a 12-month high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.13. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business had revenue of $322.05 million during the quarter, compared to analyst estimates of $289.16 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The firm's revenue was up 22.9% compared to the same quarter last year. On average, equities analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 4th that permits the company to buyback $30.00 million in shares. This buyback authorization permits the construction company to purchase up to 0.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.

AAON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. This is a positive change from AAON's previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 18th. AAON's dividend payout ratio (DPR) is currently 21.05%.

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.