Aberdeen Group plc Has $12.21 Million Stock Position in AAON, Inc. $AAON

Key Points

• Aberdeen Group plc increased its stake in AAON, Inc. by 460.3% in the 2nd quarter, now owning 165,897 shares worth $12.21 million.
• Institutional investors currently control 70.81% of AAON's stock, with several prominent hedge funds, including Vanguard and Bank of New York Mellon, recently increasing their positions.
• Analysts have mixed views on AAON, with the stock receiving a consensus rating of "Moderate Buy" and a price target averaging $104.00.

Aberdeen Group plc grew its stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 460.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,897 shares of the construction company's stock after acquiring an additional 136,288 shares during the period. Aberdeen Group plc owned 0.20% of AAON worth $12,213,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in AAON by 4.4% during the first quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company's stock worth $509,111,000 after acquiring an additional 276,722 shares during the last quarter. Blair William & Co. IL lifted its position in AAON by 4.7% during the second quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company's stock worth $168,155,000 after acquiring an additional 102,382 shares during the last quarter. Geneva Capital Management LLC lifted its position in AAON by 13.1% during the first quarter. Geneva Capital Management LLC now owns 1,897,728 shares of the construction company's stock worth $148,269,000 after acquiring an additional 219,814 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in AAON by 5.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,402,803 shares of the construction company's stock worth $109,598,000 after acquiring an additional 66,536 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in AAON by 39.7% during the first quarter. Bank of New York Mellon Corp now owns 1,101,692 shares of the construction company's stock worth $86,075,000 after acquiring an additional 312,855 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAON has been the subject of several research reports. Wall Street Zen downgraded shares of AAON from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. Weiss Ratings restated a "hold (c)" rating on shares of AAON in a research report on Wednesday, October 8th. Oppenheimer raised their price objective on shares of AAON from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Tuesday. Robert W. Baird lowered their target price on shares of AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Finally, Zacks Research raised shares of AAON from a "strong sell" rating to a "hold" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, AAON has an average rating of "Moderate Buy" and a consensus price target of $104.00.

AAON Stock Up 0.1%

Shares of AAON opened at $104.26 on Thursday. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $144.07. The firm's 50 day moving average is $88.02 and its 200-day moving average is $85.76. The stock has a market capitalization of $8.50 billion, a PE ratio of 70.93 and a beta of 1.05. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $322.05 million for the quarter. AAON had a net margin of 9.70% and a return on equity of 15.45%. Equities research analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 5th. AAON's dividend payout ratio (DPR) is 27.21%.

Insider Buying and Selling

In related news, CFO Rebecca Thompson sold 9,350 shares of AAON stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 24,396 shares of the company's stock, valued at $1,978,271.64. This trade represents a 27.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher Douglas Eason sold 12,003 shares of AAON stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the completion of the transaction, the insider directly owned 5,301 shares in the company, valued at $451,009.08. This trade represents a 69.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 18.70% of the company's stock.

AAON Company 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.

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