OMERS ADMINISTRATION Corp Buys Shares of 6,800 AAON, Inc. (NASDAQ:AAON)

OMERS ADMINISTRATION Corp acquired a new position in AAON, Inc. (NASDAQ:AAON - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,800 shares of the construction company's stock, valued at approximately $800,000.

Several other institutional investors and hedge funds have also bought and sold shares of AAON. Barclays PLC lifted its holdings in AAON by 182.2% in the third quarter. Barclays PLC now owns 84,472 shares of the construction company's stock worth $9,111,000 after buying an additional 54,535 shares during the period. JPMorgan Chase & Co. lifted its holdings in AAON by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock worth $351,615,000 after buying an additional 150,207 shares during the period. Oak Thistle LLC purchased a new stake in AAON in the fourth quarter worth about $284,000. UMB Bank n.a. lifted its holdings in AAON by 67.5% in the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock worth $38,000 after buying an additional 131 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in AAON by 2.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,992 shares of the construction company's stock worth $1,058,000 after buying an additional 213 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Gary D. Fields sold 37,189 shares of the business'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 value of $3,651,959.80. Following the completion of the transaction, the chief executive officer now directly owns 63,714 shares in the company, valued at $6,256,714.80. The trade was a 36.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction 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 approximately $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 a total of 70,823 shares of company stock worth $7,122,451 in the last three months. Insiders own 18.55% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AAON shares. CJS Securities upgraded shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price for the company in a report on Friday, February 28th. DA Davidson lowered their target price on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 28th. Robert W. Baird lowered their target price on shares of AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a report on Friday, February 28th. Finally, Wall Street Zen lowered shares of AAON from a "hold" rating to a "sell" rating in a report 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $115.50.

AAON Stock Down 0.8%

Shares of AAON stock traded down $0.84 during trading hours on Friday, hitting $99.10. 291,927 shares of the company's stock traded hands, compared to its average volume of 664,549. The stock's fifty day simple moving average is $88.16 and its two-hundred day simple moving average is $107.42. AAON, Inc. has a 12-month low of $68.98 and a 12-month high of $144.07. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 43.66 and a beta of 1.06. 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 (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 earnings per share 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 during the quarter, compared to analyst estimates of $289.16 million. During the same period in the previous year, the business earned $0.46 EPS. The firm's revenue for the quarter was up 22.9% on a year-over-year basis. On average, 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 program on Tuesday, March 4th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 6th will be issued a $0.10 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. AAON's payout ratio is currently 21.05%.

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.