Squarepoint Ops LLC Lowers Position in AAON, Inc. (NASDAQ:AAON)

Squarepoint Ops LLC decreased its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 55.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,172 shares of the construction company's stock after selling 21,108 shares during the period. Squarepoint Ops LLC's holdings in AAON were worth $2,021,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mather Group LLC. lifted its stake in AAON by 521.6% in the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company's stock worth $27,000 after acquiring an additional 193 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of AAON in the 4th quarter valued at $33,000. Quarry LP lifted its position in shares of AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after purchasing an additional 103 shares during the last quarter. Blue Trust Inc. grew its stake in shares of AAON by 28.4% during the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock worth $41,000 after purchasing an additional 84 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in AAON in the fourth quarter valued at $42,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AAON

In related news, Director David Raymond Stewart purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $80.86 per share, with a total value of $80,860.00. Following the completion of the acquisition, the director now directly owns 3,000 shares in the company, valued at $242,580. This represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gordon Douglas Wichman sold 21,302 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total value of $2,225,632.96. Following the sale, the director now directly owns 8,754 shares of the company's stock, 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. Over the last ninety days, insiders have sold 70,823 shares of company stock worth $7,122,451. Insiders own 18.70% of the company's stock.

AAON Stock Performance

Shares of AAON stock traded down $2.22 during mid-day trading on Monday, hitting $94.07. 516,770 shares of the stock were exchanged, compared to its average volume of 661,178. The stock's fifty day simple moving average is $90.03 and its two-hundred day simple moving average is $105.61. 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, Inc. has a 12-month low of $68.98 and a 12-month high of $144.07. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 41.44 and a beta of 1.06.

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, beating analysts' consensus estimates of $0.24 by $0.13. The firm had revenue of $322.05 million during 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 business's revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. On average, analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

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

AAON Announces Dividend

The firm 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 0.43%. AAON's dividend payout ratio (DPR) is presently 21.05%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. DA Davidson decreased their price target on AAON from $150.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 28th. Wall Street Zen cut AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Robert W. Baird lowered their price target on AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a report 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 report on Friday, February 28th. One 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.50.

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.