GTS Securities LLC Makes New $408,000 Investment in AAON, Inc. (NASDAQ:AAON)

GTS Securities LLC acquired a new position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,464 shares of the construction company's stock, valued at approximately $408,000.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank acquired a new position in AAON during the 4th quarter valued at about $76,581,000. Raymond James Financial Inc. bought a new position in AAON during the 4th quarter valued at $73,313,000. First Trust Advisors LP boosted its holdings in AAON by 85.6% during the 4th quarter. First Trust Advisors LP now owns 1,069,112 shares of the construction company's stock worth $125,813,000 after acquiring an additional 493,219 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of AAON in the 4th quarter worth $42,449,000. Finally, Invesco Ltd. raised its holdings in shares of AAON by 15.6% in the fourth quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company's stock valued at $239,184,000 after purchasing an additional 274,119 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Insider Activity

In other AAON news, CEO Gary D. Fields sold 8,357 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was 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 in the company, valued at $2,613,602.06. This trade represents a 23.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gordon Douglas Wichman sold 21,302 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $914,617.92. The trade was a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,823 shares of company stock worth $7,122,451 in the last three months. Corporate insiders own 18.70% of the company's stock.

AAON Stock Performance

AAON traded up $0.22 on Friday, hitting $96.37. The company's stock had a trading volume of 525,123 shares, compared to its average volume of 661,767. The company's 50 day simple moving average is $89.78 and its 200-day simple moving average is $105.88. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 12 month low of $68.98 and a 12 month high of $144.07. The firm has a market cap of $7.84 billion, a P/E ratio of 42.45 and a beta of 1.06.

AAON (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $322.05 million for the quarter, compared to analysts' expectations of $289.16 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm's quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 EPS. Analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

AAON announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 4th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the construction company to buy up to 0.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

AAON Dividend Announcement

The company 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 $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Friday, June 6th. AAON's payout ratio is 21.05%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. DA Davidson reduced their target price on AAON from $150.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 28th. CJS Securities upgraded shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research report on Friday, February 28th. Wall Street Zen cut shares of AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, Robert W. Baird lowered their price target 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $115.50.

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.