CHICAGO TRUST Co NA Acquires New Position in AAON, Inc. (NASDAQ:AAON)

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

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in AAON by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock valued at $351,615,000 after acquiring an additional 150,207 shares during the period. Blue Trust Inc. increased its stake in AAON by 28.4% in the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock valued at $41,000 after acquiring an additional 84 shares during the period. Choreo LLC increased its stake in AAON by 10.7% in the fourth quarter. Choreo LLC now owns 2,813 shares of the construction company's stock valued at $337,000 after acquiring an additional 271 shares during the period. Bleakley Financial Group LLC bought a new stake in AAON in the fourth quarter valued at about $771,000. Finally, Wilmington Savings Fund Society FSB increased its stake in AAON by 350.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,800 shares of the construction company's stock valued at $212,000 after acquiring an additional 1,400 shares during the period. Institutional investors own 70.81% of the company's stock.

Insider Transactions at AAON

In other news, CEO Gary D. Fields sold 37,189 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the transaction, the chief executive officer now directly owns 63,714 shares in the company, valued at approximately $6,256,714.80. This represents a 36.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gordon Douglas Wichman sold 3,975 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $105.75, for a total transaction of $420,356.25. Following the transaction, the director now owns 8,754 shares in the company, valued at $925,735.50. The trade was a 31.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,823 shares of company stock worth $7,122,451. Corporate insiders own 18.70% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on AAON shares. Wall Street Zen cut shares of AAON from a "hold" rating to a "sell" rating in a research note 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 research note on Friday, February 28th. DA Davidson decreased their price objective on shares of AAON from $150.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, CJS Securities raised shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price objective on the stock in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.50.

AAON Price Performance

AAON stock traded down $1.16 during trading hours on Friday, hitting $72.99. 1,011,451 shares of the stock were exchanged, compared to its average volume of 678,627. AAON, Inc. has a 12 month low of $68.98 and a 12 month high of $144.07. The business's 50-day moving average is $91.64 and its two-hundred day moving average is $103.00. The stock has a market capitalization of $5.94 billion, a P/E ratio of 32.15 and a beta of 1.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06.

AAON (NASDAQ:AAON - Get Free Report) last announced its 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 net margin of 15.78% and a return on equity of 24.98%. The company had revenue of $322.05 million for the quarter, compared to analyst estimates of $289.16 million. During the same period in the prior year, the business earned $0.46 earnings per share. AAON's quarterly revenue was up 22.9% on a year-over-year basis. Equities research analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON declared that its Board of Directors has authorized a stock buyback plan on Tuesday, March 4th that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

AAON Announces Dividend

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