Y Intercept Hong Kong Ltd Trims Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Key Points

• Y Intercept Hong Kong Ltd reduced its stake in AAON, Inc. by 30.9%, selling 5,073 shares, resulting in a total of 11,318 shares valued at $884,000.
• CEO Gary D. Fields sold 8,357 shares of AAON stock for approximately $824,501, representing a 23.98% decrease in his ownership.
• AAON reported a 22.9% increase in revenue year-over-year for the latest quarter, posting $322.05 million versus analyst estimates of $289.16 million.

Y Intercept Hong Kong Ltd lowered its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 30.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 11,318 shares of the construction company's stock after selling 5,073 shares during the period. Y Intercept Hong Kong Ltd's holdings in AAON were worth $884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its holdings in AAON by 613.3% in the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock valued at $25,000 after purchasing an additional 276 shares in the last quarter. Versant Capital Management Inc lifted its holdings in 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 purchasing an additional 287 shares in the last quarter. Quarry LP lifted its holdings in AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after purchasing an additional 103 shares in the last quarter. UMB Bank n.a. lifted its holdings in 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 purchasing an additional 264 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings 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 purchasing an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

AAON has been the topic of a number of research reports. Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective on the stock in a report on Monday, June 16th. Wall Street Zen lowered AAON from a "hold" rating to a "sell" rating in a report on Friday, July 18th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.50.

Insider Activity

In related news, Director Gordon Douglas Wichman sold 21,302 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total transaction 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 trade represents a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $824,501.62. Following the completion of the sale, the chief executive officer owned 26,491 shares in the company, valued at approximately $2,613,602.06. This trade represents a 23.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,823 shares of company stock valued at $7,122,451. 18.55% of the stock is owned by company insiders.

AAON Trading Down 3.4%

AAON stock traded down $2.85 during midday trading on Tuesday, hitting $80.23. 195,758 shares of the stock were exchanged, compared to its average volume of 933,977. AAON, Inc. has a fifty-two week low of $68.98 and a fifty-two week high of $144.07. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 42.23 and a beta of 0.95. The stock's 50-day simple moving average is $82.08 and its 200 day simple moving average is $91.54. The company has a current ratio of 2.77, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

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

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 6th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, June 6th. AAON's payout ratio is currently 21.05%.

AAON 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.