Universal Beteiligungs und Servicegesellschaft mbH Reduces Holdings in AAON, Inc. (NASDAQ:AAON)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH significantly reduced its holdings in AAON, Inc. by 75.7%, now owning 18,419 shares valued at approximately $1.44 million.
• AAON reported a 22.9% increase in quarterly revenue year-over-year, totaling $322.05 million, and beat the consensus earnings estimate by $0.13 per share.
• The company's stock price rose 3.4% recently, trading around $83.50, with analysts showing a mix of ratings, including a consensus target price of $111.50.

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 75.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,419 shares of the construction company's stock after selling 57,382 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in AAON were worth $1,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Rakuten Securities Inc. grew its position in shares of AAON by 613.3% in the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock valued at $25,000 after purchasing an additional 276 shares in the last quarter. Versant Capital Management Inc lifted its holdings in AAON by 652.3% in the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock valued at $26,000 after acquiring an additional 287 shares during the last quarter. Quarry LP lifted its holdings in AAON by 49.0% in the fourth quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after acquiring an additional 103 shares during the last quarter. UMB Bank n.a. lifted its holdings in AAON by 81.2% in the first quarter. UMB Bank n.a. now owns 589 shares of the construction company's stock valued at $46,000 after acquiring an additional 264 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in AAON by 26.3% in the first 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. Hedge funds and other institutional investors own 70.81% of the company's stock.

AAON Stock Up 0.5%

Shares of AAON stock traded up $0.40 during trading hours on Monday, reaching $82.05. 856,725 shares of the company were exchanged, compared to its average volume of 949,982. The firm has a market cap of $6.68 billion, a PE ratio of 43.18 and a beta of 0.94. The stock's fifty day moving average is $80.54 and its 200 day moving average is $90.24. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 2.77. AAON, Inc. has a 1 year low of $68.98 and a 1 year high of $144.07.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 6th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, June 6th. AAON's dividend payout ratio is 21.05%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen cut AAON from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective on the stock in a report on Monday, June 16th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AAON has a consensus rating of "Moderate Buy" and an average price target of $111.50.

Insider Buying and Selling at AAON

In other AAON news, CEO Gary D. Fields sold 37,189 shares of the firm's 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 transaction, the chief executive officer owned 63,714 shares of the company's stock, valued at approximately $6,256,714.80. This trade represents a 36.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gordon Douglas Wichman sold 21,302 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total value of $2,225,632.96. Following the transaction, the director directly owned 8,754 shares in the company, valued at approximately $914,617.92. The trade was a 70.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,823 shares of company stock worth $7,122,451 in the last three months. 18.55% of the stock is currently owned by corporate insiders.

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.