Ontario Teachers Pension Plan Board Has $287,000 Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Ontario Teachers Pension Plan Board decreased its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 66.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,657 shares of the construction company’s stock after selling 5,241 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in AAON were worth $287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. NBC Securities Inc. lifted its position in shares of AAON by 4.5% in the third quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock worth $388,000 after buying an additional 156 shares during the last quarter. Ascent Wealth Partners LLC lifted its holdings in AAON by 1.1% in the 2nd quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock worth $1,456,000 after purchasing an additional 178 shares during the last quarter. Blue Trust Inc. boosted its position in AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares during the period. New York State Teachers Retirement System grew its holdings in AAON by 1.0% during the third quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock valued at $2,083,000 after purchasing an additional 200 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after purchasing an additional 238 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gary D. Fields sold 35,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the completion of the transaction, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Casey Kidwell sold 1,421 shares of AAON stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $135.14, for a total transaction of $192,033.94. Following the sale, the vice president now owns 4,953 shares in the company, valued at approximately $669,348.42. This trade represents a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,217 shares of company stock valued at $5,467,162 over the last ninety days. 18.55% of the stock is owned by company insiders.

AAON Stock Up 1.4 %

Shares of AAON opened at $137.42 on Friday. 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 company has a 50-day simple moving average of $114.05 and a 200-day simple moving average of $94.31. AAON, Inc. has a 52 week low of $61.09 and a 52 week high of $144.07. The firm has a market capitalization of $11.17 billion, a P/E ratio of 60.54 and a beta of 0.79.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. During the same quarter in the prior year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.23%. AAON’s dividend payout ratio (DPR) is currently 14.10%.

Wall Street Analysts Forecast Growth

AAON has been the topic of a number of research analyst reports. DA Davidson raised their target price on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Robert W. Baird boosted their price objective on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

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.