Caitong International Asset Management Co. Ltd Invests $26,000 in AAON, Inc. $AAON

Caitong International Asset Management Co. Ltd bought a new position in AAON, Inc. (NASDAQ:AAON) in the 2nd quarter, HoldingsChannel reports. The fund bought 348 shares of the construction company’s stock, valued at approximately $26,000.

Several other hedge funds also recently made changes to their positions in AAON. UMB Bank n.a. grew its position in shares of AAON by 32.9% in the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after acquiring an additional 194 shares in the last quarter. CWM LLC grew its position in shares of AAON by 25.7% in the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after acquiring an additional 192 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of AAON in the 2nd quarter worth approximately $91,000. SBI Securities Co. Ltd. grew its position in shares of AAON by 987.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,174 shares of the construction company’s stock worth $92,000 after acquiring an additional 1,066 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of AAON by 79.5% in the 2nd quarter. Parallel Advisors LLC now owns 1,285 shares of the construction company’s stock worth $95,000 after acquiring an additional 569 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

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

AAON Trading Up 4.4%

Shares of AAON stock opened at $106.24 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.99 and a current ratio of 3.10. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $144.07. The stock has a fifty day moving average of $90.76 and a two-hundred day moving average of $87.04. The firm has a market capitalization of $8.66 billion, a PE ratio of 72.27 and a beta of 1.05.

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

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, September 5th. AAON’s payout ratio is 27.21%.

Analyst Ratings Changes

AAON has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Friday. Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Robert W. Baird reduced their price objective on AAON from $102.00 to $98.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Wall Street Zen lowered AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Finally, Oppenheimer boosted their price objective on AAON from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.00.

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.