CENTRAL TRUST Co Sells 17,387 Shares of AAON, Inc. (NASDAQ:AAON)

CENTRAL TRUST Co lowered its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 74.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,872 shares of the construction company's stock after selling 17,387 shares during the quarter. CENTRAL TRUST Co's holdings in AAON were worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. increased its stake 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 buying an additional 276 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of AAON by 1,485.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,329 shares of the construction company's stock valued at $2,213,000 after buying an additional 26,542 shares during the period. Ferguson Wellman Capital Management Inc. increased its stake in shares of AAON by 3.3% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 119,547 shares of the construction company's stock valued at $9,340,000 after buying an additional 3,787 shares during the period. Greenwood Capital Associates LLC increased its position in AAON by 8.5% during the 1st quarter. Greenwood Capital Associates LLC now owns 6,885 shares of the construction company's stock valued at $538,000 after purchasing an additional 537 shares during the period. Finally, CHICAGO TRUST Co NA acquired a new stake in AAON during the 1st quarter valued at approximately $333,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Insiders Place Their Bets

In related news, CEO Gary D. Fields sold 8,357 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $98.66, for a total value of $824,501.62. Following the transaction, the chief executive officer now directly owns 26,491 shares in the company, valued at $2,613,602.06. This trade represents a 23.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gordon Douglas Wichman sold 21,302 shares of the 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 now owns 8,754 shares in the company, valued at approximately $914,617.92. This represents a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,823 shares of company stock worth $7,122,451. Corporate insiders own 18.55% of the company's stock.

AAON Trading Up 0.5%

Shares of AAON stock traded up $0.35 on Monday, reaching $72.44. 882,461 shares of the company's stock were exchanged, compared to its average volume of 675,438. The company has a market capitalization of $5.89 billion, a P/E ratio of 38.13 and a beta of 1.03. AAON, Inc. has a 52 week low of $68.98 and a 52 week high of $144.07. The firm's 50-day moving average is $90.62 and its two-hundred day moving average is $99.90. 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 (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.13. The firm had revenue of $322.05 million for the quarter, compared to analysts' expectations of $289.16 million. AAON had a return on equity of 20.23% and a net margin of 12.60%. The company's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. Sell-side analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON declared that its Board of Directors has initiated a share repurchase program on Tuesday, March 4th that permits the company to repurchase $30.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, June 6th. AAON's payout ratio is 21.05%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AAON. Sidoti raised shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price for the company in a research report on Monday, June 16th. Wall Street Zen downgraded shares of AAON from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. CJS Securities raised shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Friday, February 28th. Robert W. Baird decreased their target price on shares of AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. Finally, DA Davidson decreased their target price on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, February 28th. One analyst has rated the stock with a sell 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $111.50.

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.