Jackson Square Partners LLC Sells 223,079 Shares of AAON, Inc. $AAON

Jackson Square Partners LLC cut its holdings in AAON, Inc. (NASDAQ:AAON) by 83.1% during the 2nd quarter, Holdings Channel reports. The fund owned 45,218 shares of the construction company’s stock after selling 223,079 shares during the period. Jackson Square Partners LLC’s holdings in AAON were worth $3,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AAON. Cresset Asset Management LLC grew its position in shares of AAON by 1.3% during the 1st quarter. Cresset Asset Management LLC now owns 12,151 shares of the construction company’s stock valued at $949,000 after acquiring an additional 157 shares during the period. CWM LLC lifted its position in AAON by 25.7% during the first quarter. CWM LLC now owns 938 shares of the construction company’s stock valued at $73,000 after purchasing an additional 192 shares in the last quarter. UMB Bank n.a. lifted its position in AAON by 32.9% during the second quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock valued at $58,000 after purchasing an additional 194 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in AAON by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the construction company’s stock valued at $1,477,000 after purchasing an additional 200 shares during the period. Finally, Xponance Inc. grew its holdings in AAON by 1.7% during the first quarter. Xponance Inc. now owns 13,946 shares of the construction company’s stock valued at $1,090,000 after purchasing an additional 235 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AAON shares. Robert W. Baird decreased their price objective on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Wall Street Zen cut shares of AAON from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $115.00 price target on shares of AAON in a report on Friday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, AAON presently has an average rating of “Moderate Buy” and a consensus price target of $104.60.

Insider Activity

In other news, CFO Rebecca Thompson sold 9,350 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total transaction of $758,191.50. Following the transaction, the chief financial officer directly owned 24,396 shares of the company’s stock, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher Douglas Eason sold 12,003 shares of AAON stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the sale, the insider directly owned 5,301 shares of the company’s stock, valued at $451,009.08. This represents a 69.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 18.70% of the stock is owned by insiders.

AAON Price Performance

AAON opened at $105.53 on Friday. The business has a fifty day moving average of $94.03 and a 200 day moving average of $88.24. The stock has a market cap of $8.60 billion, a P/E ratio of 71.79 and a beta of 1.05. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $144.07.

AAON (NASDAQ:AAON) last released its earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. The business had revenue of $322.05 million during the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%. As a group, sell-side analysts anticipate that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, September 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. AAON’s dividend payout ratio (DPR) is presently 33.06%.

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.