Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 75,801 AAON, Inc. (NASDAQ:AAON)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 75,801 shares of the construction company's stock, valued at approximately $8,920,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of AAON as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in AAON during the 4th quarter valued at $76,581,000. Raymond James Financial Inc. purchased a new position in AAON in the 4th quarter worth approximately $73,313,000. First Trust Advisors LP lifted its holdings in AAON by 85.6% in the 4th quarter. First Trust Advisors LP now owns 1,069,112 shares of the construction company's stock worth $125,813,000 after buying an additional 493,219 shares during the period. Alyeska Investment Group L.P. purchased a new position in AAON during the 4th quarter valued at $42,449,000. Finally, Invesco Ltd. raised its stake in AAON by 15.6% in the fourth quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company's stock worth $239,184,000 after buying an additional 274,119 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

AAON Trading Up 0.1%

NASDAQ:AAON traded up $0.05 on Wednesday, hitting $95.61. The stock had a trading volume of 419,952 shares, compared to its average volume of 658,576. The company has a fifty day moving average price of $90.69 and a two-hundred day moving average price of $105.47. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 42.12 and a beta of 1.06. AAON, Inc. has a 1-year low of $68.98 and a 1-year high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.24 by $0.13. The company had revenue of $322.05 million during the quarter, compared to analysts' expectations of $289.16 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The firm's revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. Equities research analysts expect that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON declared that its board has approved a share buyback plan on Tuesday, March 4th that authorizes the company to buyback $30.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 0.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 6th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.40 annualized dividend and a yield of 0.42%. AAON's dividend payout ratio is currently 21.05%.

Insider Buying and Selling

In related news, CEO Gary D. Fields sold 8,357 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $98.66, for a total value of $824,501.62. Following the completion of the transaction, the chief executive officer now owns 26,491 shares of the company's stock, valued at approximately $2,613,602.06. The trade was a 23.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gordon Douglas Wichman sold 3,975 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $105.75, for a total transaction of $420,356.25. Following the transaction, the director now owns 8,754 shares in the company, valued at approximately $925,735.50. The trade was a 31.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,823 shares of company stock valued at $7,122,451 over the last quarter. Company insiders own 18.70% of the company's stock.

Wall Street Analyst Weigh In

AAON has been the topic of a number of recent research reports. Wall Street Zen cut AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Robert W. Baird reduced their price objective on AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. DA Davidson dropped 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. Finally, CJS Securities upgraded shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, AAON presently has an average rating of "Moderate Buy" and a consensus target price 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.