Sei Investments Co. Sells 38,535 Shares of AAON, Inc. $AAON

Sei Investments Co. lowered its stake in AAON, Inc. (NASDAQ:AAON) by 8.4% in the 1st quarter, HoldingsChannel reports. The fund owned 418,095 shares of the construction company’s stock after selling 38,535 shares during the period. Sei Investments Co.’s holdings in AAON were worth $34,597,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AAON. EverSource Wealth Advisors LLC raised its position in AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares during the period. Danske Bank A S bought a new position in shares of AAON during the 3rd quarter valued at approximately $47,000. Summit Securities Group LLC bought a new position in shares of AAON during the 4th quarter valued at approximately $45,000. Huntington National Bank raised its holdings in AAON by 21.1% during the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after buying an additional 120 shares during the period. Finally, UMB Bank n.a. raised its holdings in AAON by 46.8% during the 4th quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock valued at $67,000 after buying an additional 282 shares during the period. 70.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Matthew Joseph Tobolski sold 8,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total transaction of $1,082,960.00. Following the transaction, the chief executive officer owned 114,371 shares in the company, valued at approximately $15,482,402.27. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Rebecca Thompson sold 4,230 shares of AAON stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $143.42, for a total value of $606,666.60. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 118,580 shares of company stock worth $16,321,222. 18.09% of the stock is owned by company insiders.

AAON Stock Performance

Shares of NASDAQ:AAON opened at $101.02 on Tuesday. The firm’s 50 day simple moving average is $124.53 and its 200-day simple moving average is $105.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. AAON, Inc. has a one year low of $62.00 and a one year high of $150.46. The firm has a market cap of $8.27 billion, a PE ratio of 70.64, a price-to-earnings-growth ratio of 2.86 and a beta of 1.41.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The firm had revenue of $496.94 million during the quarter, compared to analyst estimates of $381.08 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. AAON’s quarterly revenue was up 54.3% on a year-over-year basis. As a group, equities analysts predict that AAON, Inc. will post 2.24 EPS for the current year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, June 5th. AAON’s dividend payout ratio is currently 27.97%.

Analyst Upgrades and Downgrades

AAON has been the subject of several recent analyst reports. Zacks Research lowered shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. KeyCorp started coverage on shares of AAON in a report on Thursday. They issued a “sector weight” rating for the company. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AAON currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

AAON Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.