4,234 Shares in AAON, Inc. (NASDAQ:AAON) Bought by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC has acquired 4,234 shares of AAON, Inc., valued at approximately $331,000, as part of their first quarter investments.
• A significant increase in institutional holdings was noted, with many investors such as Mawer Investment Management Ltd. and Federated Hermes Inc. making substantial new investments in AAON.
• AAON recently declared a quarterly dividend of $0.10 per share, reflecting an annualized payout of $0.40 and a yield of 0.5%.

Blueshift Asset Management LLC purchased a new stake in AAON, Inc. (NASDAQ:AAON - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,234 shares of the construction company's stock, valued at approximately $331,000.

A number of other large investors have also recently modified their holdings of AAON. Rakuten Securities Inc. boosted its holdings 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 during the period. Versant Capital Management Inc lifted its holdings in AAON by 652.3% during the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock worth $26,000 after buying an additional 287 shares during the period. Quarry LP lifted its holdings in AAON by 49.0% during the fourth quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after buying an additional 103 shares during the period. UMB Bank n.a. lifted 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 period. Finally, Parallel Advisors LLC lifted 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 period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

AAON has been the subject of a number of analyst reports. Wall Street Zen lowered 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 target price for the company in a report on Monday, June 16th. One investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.50.

AAON Stock Down 0.3%

Shares of AAON traded down $0.21 during midday trading on Thursday, hitting $81.28. 59,928 shares of the company's stock traded hands, compared to its average volume of 941,294. AAON, Inc. has a 1 year low of $68.98 and a 1 year high of $144.07. The firm's fifty day moving average is $79.55 and its 200-day moving average is $89.80. 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 stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 42.85 and a beta of 0.94.

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. The ex-dividend date was Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. AAON's dividend payout ratio (DPR) is 21.05%.

Insider Transactions at AAON

In related news, Director Gordon Douglas Wichman sold 21,302 shares of the firm's stock in a transaction on 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 completion of the transaction, the director owned 8,754 shares in the company, valued at $914,617.92. This trade represents a 70.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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.