US Bancorp DE Has $3.41 Million Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Key Points

• US Bancorp DE has reduced its stake in AAON, Inc. by 13.2%, owning now 43,643 shares worth approximately $3.41 million.
• Insiders, including Director Gordon Douglas Wichman and CEO Gary D. Fields, have sold a total of 33,634 shares of AAON stock in recent transactions.
• Analysts have generally positive outlooks, with an upgrade to a "buy" rating from Sidoti and an average price target of $111.50 for AAON shares.

US Bancorp DE reduced its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 13.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,643 shares of the construction company's stock after selling 6,616 shares during the period. US Bancorp DE owned approximately 0.05% of AAON worth $3,410,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rakuten Securities Inc. lifted its stake in shares of 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 purchasing an additional 276 shares during the period. Versant Capital Management Inc increased 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 purchasing an additional 287 shares during the last quarter. Quarry LP lifted its stake 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 buying an additional 103 shares during the period. UMB Bank n.a. boosted its holdings in AAON by 81.2% during the first quarter. UMB Bank n.a. now owns 589 shares of the construction company's stock worth $46,000 after buying an additional 264 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in AAON by 26.3% during the first quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock worth $56,000 after buying an additional 149 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AAON has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of AAON from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Sidoti upgraded shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price on the stock in a report on Monday, June 16th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $111.50.

AAON Stock Up 1.5%

Shares of AAON traded up $1.24 during midday trading on Thursday, hitting $82.73. The stock had a trading volume of 1,230,761 shares, compared to its average volume of 1,301,189. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 42.44 and a beta of 0.94. The company has a 50 day simple moving average of $79.28 and a two-hundred day simple moving average of $89.48. AAON, Inc. has a twelve month low of $68.98 and a twelve month high of $144.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.77 and a quick ratio of 1.80.

AAON Dividend Announcement

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

Insider Activity

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 value of $2,225,632.96. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 18.70% of the stock is owned by company insiders.

AAON 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.