PEAK6 Investments LLC Sells 6,001 Shares of AAON, Inc. (NASDAQ:AAON)

PEAK6 Investments LLC decreased its holdings in AAON, Inc. (NASDAQ:AAON) by 29.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,568 shares of the construction company’s stock after selling 6,001 shares during the period. PEAK6 Investments LLC’s holdings in AAON were worth $1,571,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. ORG Partners LLC purchased a new position in AAON during the second quarter valued at $29,000. Blue Trust Inc. grew its position in shares of AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after purchasing an additional 198 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of AAON in the second quarter worth about $35,000. ORG Wealth Partners LLC bought a new stake in shares of AAON in the third quarter worth about $37,000. Finally, Signaturefd LLC lifted 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 worth $53,000 after buying an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity

In other AAON news, VP Casey Kidwell sold 1,421 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $135.14, for a total value of $192,033.94. Following the completion of the sale, the vice president now directly owns 4,953 shares of the company’s stock, valued at $669,348.42. The trade was a 22.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stephen E. Wakefield sold 5,750 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction of $804,195.00. Following the completion of the transaction, the vice president now owns 9,920 shares in the company, valued at $1,387,411.20. This represents a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,967 shares of company stock valued at $6,271,357. 18.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Robert W. Baird raised their target price on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. DA Davidson upped their price target 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. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

AAON Stock Performance

NASDAQ:AAON opened at $132.29 on Tuesday. The firm has a market capitalization of $10.75 billion, a PE ratio of 58.28 and a beta of 0.79. The stock’s fifty day moving average is $119.22 and its 200 day moving average is $97.53. AAON, Inc. has a fifty-two week low of $62.01 and a fifty-two week high of $144.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06.

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

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. AAON’s dividend payout ratio (DPR) is presently 14.10%.

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.