Bank of New York Mellon Corp Has $30.98 Million Position in AAON, Inc. (AAON)

Bank of New York Mellon Corp boosted its position in shares of AAON, Inc. (NASDAQ:AAON) by 2.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 840,585 shares of the construction company’s stock after purchasing an additional 23,265 shares during the quarter. Bank of New York Mellon Corp owned 1.60% of AAON worth $30,976,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alps Advisors Inc. boosted its holdings in shares of AAON by 0.3% in the second quarter. Alps Advisors Inc. now owns 13,546 shares of the construction company’s stock valued at $499,000 after buying an additional 35 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of AAON by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 16,050 shares of the construction company’s stock valued at $567,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its holdings in shares of AAON by 0.5% in the second quarter. Arizona State Retirement System now owns 20,622 shares of the construction company’s stock valued at $760,000 after buying an additional 100 shares during the period. Texas Permanent School Fund boosted its holdings in shares of AAON by 0.8% in the second quarter. Texas Permanent School Fund now owns 28,803 shares of the construction company’s stock valued at $1,061,000 after buying an additional 218 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of AAON by 0.4% in the second quarter. Rhumbline Advisers now owns 83,194 shares of the construction company’s stock valued at $3,066,000 after buying an additional 335 shares during the period. Hedge funds and other institutional investors own 65.30% of the company’s stock.

AAON, Inc. (AAON) opened at 31.85 on Monday. AAON, Inc. has a 12-month low of $26.51 and a 12-month high of $38.20. The stock has a 50 day moving average of $33.19 and a 200 day moving average of $35.39. The firm has a market cap of $1.68 billion, a PE ratio of 33.18 and a beta of 0.97.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.02. The company had revenue of $101.30 million during the quarter, compared to the consensus estimate of $111.24 million. AAON had a net margin of 13.32% and a return on equity of 24.33%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, equities research analysts anticipate that AAON, Inc. will post $1.00 EPS for the current fiscal year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, August 25th. BidaskClub cut shares of AAON from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th.

In other news, Director Jack E. Short sold 5,062 shares of AAON stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $31.91, for a total value of $161,528.42. Following the completion of the sale, the director now owns 54,336 shares in the company, valued at approximately $1,733,861.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 22.25% of the company’s stock.

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About AAON

AAON, Inc is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils.

Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

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