Impax Asset Management Group plc Takes $36.22 Million Position in AAON, Inc. (NASDAQ:AAON)

Impax Asset Management Group plc bought a new stake in AAON, Inc. (NASDAQ:AAON - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 469,850 shares of the construction company's stock, valued at approximately $36,223,000. Impax Asset Management Group plc owned approximately 0.58% of AAON as of its most recent SEC filing.

Several other institutional investors 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 worth $25,000 after acquiring an additional 276 shares during the period. Versant Capital Management Inc boosted its stake in AAON by 652.3% during the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock valued at $26,000 after buying an additional 287 shares during the period. Twin Tree Management LP bought a new stake in AAON during the fourth quarter valued at $33,000. Quarry LP boosted its stake in AAON by 49.0% during the fourth quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after buying an additional 103 shares during the period. Finally, Whittier Trust Co. bought a new stake in AAON during the fourth quarter valued at $46,000. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AAON. Wall Street Zen upgraded AAON from a "sell" rating to a "hold" rating in a research report on Saturday. Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 price target on the stock in a research report on Monday, June 16th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AAON has an average rating of "Buy" and an average price target of $111.50.

Insider Buying and Selling

In other AAON news, CEO Gary D. Fields sold 37,189 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the transaction, the chief executive officer owned 63,714 shares in the company, valued at approximately $6,256,714.80. This represents a 36.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gordon Douglas Wichman sold 21,302 shares of the business's stock in a transaction that occurred 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 sale, the director directly owned 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. Insiders have sold a total of 70,823 shares of company stock worth $7,122,451 in the last quarter. Company insiders own 18.55% of the company's stock.

AAON Trading Down 2.0%

Shares of AAON traded down $1.50 during trading hours on Monday, hitting $73.75. The company had a trading volume of 714,754 shares, compared to its average volume of 885,973. The firm has a market cap of $6.00 billion, a P/E ratio of 38.82 and a beta of 0.95. The stock's 50 day moving average price is $89.12 and its 200 day moving average price is $96.43. The company has a quick ratio of 1.80, a current ratio of 2.77 and a debt-to-equity ratio of 0.29. AAON, Inc. has a 52-week low of $68.98 and a 52-week high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.13. AAON had a return on equity of 20.23% and a net margin of 12.60%. The company had revenue of $322.05 million for the quarter, compared to the consensus estimate of $289.16 million. During the same quarter in the previous year, the business earned $0.46 EPS. AAON's revenue was up 22.9% compared to the same quarter last year. On average, research analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 6th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. AAON's dividend payout ratio is presently 21.05%.

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.