Impax Asset Management Group plc Reduces Position in AAON, Inc. (NASDAQ:AAON)

Impax Asset Management Group plc lessened its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 38.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,000 shares of the construction company’s stock after selling 35,000 shares during the period. Impax Asset Management Group plc owned about 0.07% of AAON worth $5,931,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of AAON by 0.9% during the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after buying an additional 61,544 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of AAON by 99.6% during the first quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock valued at $1,520,000 after acquiring an additional 8,613 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of AAON by 79.8% during the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock valued at $5,186,000 after acquiring an additional 26,141 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in shares of AAON by 18.9% during the first quarter. Lord Abbett & CO. LLC now owns 592,804 shares of the construction company’s stock valued at $52,226,000 after acquiring an additional 94,026 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of AAON by 1.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock valued at $49,595,000 after acquiring an additional 6,766 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Robert W. Baird raised shares of AAON from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $114.00 to $130.00 in a research note on Monday, October 28th. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and lifted their price target for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.33.

AAON Stock Performance

Shares of NASDAQ:AAON opened at $113.02 on Wednesday. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 50.91 and a beta of 0.79. AAON, Inc. has a 52 week low of $56.70 and a 52 week high of $122.97. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $104.15 and a 200 day moving average of $90.78.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Friday, September 6th. AAON’s dividend payout ratio (DPR) is 14.41%.

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.