Jane Street Group LLC Sells 53,730 Shares of AAON, Inc. (NASDAQ:AAON)

Jane Street Group LLC decreased its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,155 shares of the construction company's stock after selling 53,730 shares during the quarter. Jane Street Group LLC owned about 0.20% of AAON worth $19,318,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mather Group LLC. raised its position in shares of AAON by 521.6% in the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company's stock valued at $27,000 after acquiring an additional 193 shares during the period. Twin Tree Management LP acquired a new stake in shares of AAON in the 4th quarter valued at approximately $33,000. Quarry LP raised its position in shares of 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 acquiring an additional 103 shares during the period. UMB Bank n.a. raised its position in shares of AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock valued at $38,000 after acquiring an additional 131 shares during the period. Finally, Blue Trust Inc. raised its position in shares of AAON by 28.4% in the 4th quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock valued at $41,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Insider Activity

In other AAON news, Director David Raymond Stewart acquired 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the acquisition, the director now directly owns 3,000 shares of the company's stock, valued at approximately $242,580. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary D. Fields sold 37,189 shares of AAON stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the completion of the sale, the chief executive officer now owns 63,714 shares in the company, valued at $6,256,714.80. This trade represents a 36.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.70% of the stock is owned by corporate insiders.

AAON Stock Up 0.9%

AAON stock traded up $0.89 during mid-day trading on Friday, hitting $100.32. 580,830 shares of the company were exchanged, compared to its average volume of 671,661. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The firm has a market cap of $8.16 billion, a P/E ratio of 44.19 and a beta of 1.06. The firm's 50 day simple moving average is $83.67 and its 200 day simple moving average is $108.11. 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 announced its earnings results on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.24 by $0.13. The firm had revenue of $322.05 million for the quarter, compared to the consensus estimate of $289.16 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business's quarterly revenue was up 22.9% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. On average, sell-side analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON declared that its board has authorized a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

AAON Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This is an increase from AAON's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. AAON's dividend payout ratio (DPR) is 21.05%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AAON. 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 report on Friday, February 28th. Robert W. Baird cut their price target on shares of AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. StockNews.com downgraded shares of AAON from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Finally, DA Davidson dropped their target price on shares of AAON from $150.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AAON presently has an average rating of "Moderate Buy" and a consensus target price of $115.50.

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.