Integrated Wealth Concepts LLC Sells 3,594 Shares of AAON, Inc. $AAON

Key Points

• Integrated Wealth Concepts LLC reduced its stake in AAON, Inc. by 26.6%, owning 9,940 shares valued at $777,000 following the sale of 3,594 shares during the first quarter.
• A notable increase in institutional ownership was observed, with Blair William & Co. boosting its position by 86.2% and several other firms purchasing significant stakes in the company.
• AAON, Inc. reported disappointing quarterly earnings with a net revenue of $311.57 million, missing projections, and a decrease in EPS from $0.62 to $0.22 year-over-year.

Integrated Wealth Concepts LLC lowered its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 26.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,940 shares of the construction company's stock after selling 3,594 shares during the period. Integrated Wealth Concepts LLC's holdings in AAON were worth $777,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AAON. Rakuten Securities Inc. grew its holdings in AAON by 613.3% during the 1st 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 grew 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 buying an additional 287 shares during the period. UMB Bank n.a. grew its holdings in shares of AAON by 81.2% in the 1st quarter. UMB Bank n.a. now owns 589 shares of the construction company's stock valued at $46,000 after buying an additional 264 shares during the period. Parallel Advisors LLC lifted its position in AAON by 26.3% in the 1st quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock valued at $56,000 after acquiring an additional 149 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new stake in AAON during the 4th quarter worth about $57,000. Institutional investors and hedge funds own 70.81% of the company's stock.

AAON Price Performance

NASDAQ:AAON traded up $8.12 on Thursday, hitting $88.64. The company had a trading volume of 1,566,505 shares, compared to its average volume of 933,746. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 60.30 and a beta of 1.00. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $81.21 and a two-hundred day moving average of $83.61. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The construction company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.09). The company had revenue of $311.57 million during the quarter, compared to the consensus estimate of $326.15 million. AAON had a net margin of 9.70% and a return on equity of 15.45%. AAON's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. On average, research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. AAON's dividend payout ratio (DPR) is presently 27.21%.

Analyst Ratings Changes

AAON has been the topic of several analyst reports. Robert W. Baird cut their price target on shares of AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. DA Davidson cut their price target on shares of AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Sidoti raised shares of 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. Finally, Wall Street Zen lowered shares of AAON from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $102.00.

Insider Buying and Selling at AAON

In other news, CFO Rebecca Thompson sold 9,350 shares of the firm's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total transaction of $758,191.50. Following the completion of the transaction, the chief financial officer owned 24,396 shares of the company's stock, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Douglas Eason sold 12,003 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the transaction, the insider directly owned 5,301 shares of the company's stock, valued at $451,009.08. The trade was a 69.37% decrease in their position. The disclosure for this sale can be found here. 18.70% of the stock is currently owned by company insiders.

About AAON

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.