CHICAGO TRUST Co NA Takes $333,000 Position in AAON, Inc. (NASDAQ:AAON)

CHICAGO TRUST Co NA purchased a new position in AAON, Inc. (NASDAQ:AAON - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,261 shares of the construction company's stock, valued at approximately $333,000.

Several other institutional investors and hedge funds have also made changes to their positions in AAON. Versant Capital Management Inc boosted its holdings in shares of AAON by 652.3% in the 1st quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock valued at $26,000 after acquiring an additional 287 shares during the last quarter. Twin Tree Management LP purchased a new stake in AAON in the 4th quarter worth $33,000. Quarry LP raised its position in shares of AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after purchasing an additional 103 shares during the last quarter. Blue Trust Inc. increased its stake in AAON by 28.4% during the 4th quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock worth $41,000 after buying an additional 84 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of AAON during the fourth quarter worth approximately $42,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AAON

In related news, Director Gordon Douglas Wichman sold 21,302 shares of the business's stock in a transaction dated 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 now owns 8,754 shares of the company's stock, valued at approximately $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. Also, CEO Gary D. Fields sold 8,357 shares of AAON stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $98.66, for a total transaction of $824,501.62. Following the sale, the chief executive officer now owns 26,491 shares of the company's stock, valued at approximately $2,613,602.06. The trade was a 23.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,823 shares of company stock worth $7,122,451 in the last three months. Insiders own 18.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AAON shares. DA Davidson dropped their price target on AAON from $150.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Robert W. Baird decreased their price objective on shares of AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. CJS Securities raised 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. Finally, Wall Street Zen cut AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $115.50.

AAON Stock Down 16.4%

AAON stock traded down $15.40 during trading on Tuesday, hitting $78.56. 2,974,154 shares of the company's stock were exchanged, compared to its average volume of 667,011. The business has a 50-day moving average price of $91.60 and a two-hundred day moving average price of $104.27. AAON, Inc. has a 52-week low of $68.98 and a 52-week high of $144.07. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 34.61 and a beta of 1.03.

AAON (NASDAQ:AAON - Get Free Report) last released 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. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $322.05 million for the quarter, compared to the consensus estimate of $289.16 million. During the same quarter last year, the business posted $0.46 EPS. The firm's quarterly revenue was up 22.9% compared to the same quarter last year. As a group, equities research analysts expect that AAON, Inc. will post 2.26 EPS for the current year.

AAON declared that its Board of Directors has authorized a share repurchase plan on Tuesday, March 4th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. AAON's dividend payout ratio (DPR) is currently 21.05%.

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.