Ontario Teachers Pension Plan Board lowered its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 38.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,754 shares of the construction company's stock after selling 7,959 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in AAON were worth $996,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the business. Rakuten Securities Inc. grew its stake in AAON by 613.3% in the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock valued at $25,000 after buying an additional 276 shares during the last quarter. Versant Capital Management Inc grew its position in shares of 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 purchasing an additional 287 shares during the last quarter. Quarry LP increased its stake in shares of AAON by 49.0% in the fourth quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after purchasing an additional 103 shares during the period. UMB Bank n.a. lifted its position in shares of AAON by 81.2% during the 1st quarter. UMB Bank n.a. now owns 589 shares of the construction company's stock worth $46,000 after purchasing an additional 264 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in AAON by 26.3% during the 1st quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock valued at $56,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.
AAON Stock Performance
AAON traded down $2.21 on Friday, hitting $80.52. 1,953,602 shares of the stock traded hands, compared to its average volume of 1,237,478. The business has a fifty day moving average price of $78.96 and a two-hundred day moving average price of $88.47. The company has a current ratio of 2.77, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $6.55 billion, a PE ratio of 42.38 and a beta of 0.94. AAON, Inc. has a 52 week low of $68.98 and a 52 week high of $144.07.
AAON Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 6th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, June 6th. AAON's dividend payout ratio is presently 21.05%.
Insider Activity at AAON
In other AAON news, Director Gordon Douglas Wichman sold 21,302 shares of AAON stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the sale, the director owned 8,754 shares in the company, valued at $914,617.92. The trade was a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 18.55% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have commented on AAON. Wall Street Zen raised AAON from a "sell" rating to a "hold" rating in a research report on Saturday. 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 research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $111.50.
Check Out Our Latest Report on AAON
About AAON
(
Free Report)
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.
Further Reading

Before you consider AAON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AAON wasn't on the list.
While AAON currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.