AAON, Inc. $AAON Shares Sold by Yarbrough Capital LLC

Key Points

• Yarbrough Capital LLC reduced its holdings in AAON, Inc. by 58.7%, owning 3,300 shares valued at $243,000 after selling 4,684 shares in the second quarter.
• Insider Christopher Douglas Eason sold 12,003 shares for over $1 million, representing a 69.37% decrease in his ownership, while CFO Rebecca Thompson also sold 9,350 shares.
• AAON announced a quarterly dividend of $0.10 per share, with the payment date set for September 26th, reflecting a 0.4% dividend yield.

Yarbrough Capital LLC reduced its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 58.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,300 shares of the construction company's stock after selling 4,684 shares during the period. Yarbrough Capital LLC's holdings in AAON were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings in AAON by 26.3% in the 1st quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock valued at $56,000 after acquiring an additional 149 shares during the last quarter. Cresset Asset Management LLC increased its holdings in shares of AAON by 1.3% in the first quarter. Cresset Asset Management LLC now owns 12,151 shares of the construction company's stock valued at $949,000 after purchasing an additional 157 shares during the last quarter. CWM LLC increased its stake in shares of AAON by 25.7% in the 1st quarter. CWM LLC now owns 938 shares of the construction company's stock worth $73,000 after acquiring an additional 192 shares during the last quarter. UMB Bank n.a. increased its position in AAON by 32.9% during the second quarter. UMB Bank n.a. now owns 783 shares of the construction company's stock worth $58,000 after purchasing an additional 194 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in AAON by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the construction company's stock valued at $1,477,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Insiders Place Their Bets

In other AAON news, insider Christopher Douglas Eason sold 12,003 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the sale, the insider directly owned 5,301 shares in the company, valued at approximately $451,009.08. The trade was a 69.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rebecca Thompson sold 9,350 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total value of $758,191.50. Following the completion of the sale, the chief financial officer directly owned 24,396 shares in the company, valued at $1,978,271.64. This trade represents a 27.71% decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on AAON. DA Davidson reduced their price target on shares of AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Robert W. Baird decreased their price target on AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Wall Street Zen lowered shares of AAON from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Finally, Sidoti raised shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price on the stock in a research report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $102.00.

AAON Stock Performance

Shares of AAON stock opened at $94.26 on Wednesday. The stock's 50-day moving average price is $82.27 and its 200 day moving average price is $83.90. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $7.69 billion, a PE ratio of 64.12 and a beta of 1.00. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The construction company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.09). The company had revenue of $311.57 million for the quarter, compared to analyst estimates of $326.15 million. AAON had a return on equity of 15.45% and a net margin of 9.70%.The firm's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 earnings per share. As a group, equities research analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 5th. AAON's dividend payout ratio (DPR) is currently 27.21%.

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.

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