BNP Paribas Arbitrage SA reduced its position in shares of AAON Inc. (NASDAQ:AAON) by 49.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,385 shares of the company’s stock after selling 6,324 shares during the period. BNP Paribas Arbitrage SA’s holdings in AAON were worth $184,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of AAON during the fourth quarter valued at approximately $9,311,000. Neuberger Berman Group LLC raised its stake in shares of AAON by 7.1% in the second quarter. Neuberger Berman Group LLC now owns 3,438,699 shares of the company’s stock valued at $94,599,000 after buying an additional 228,804 shares during the period. Macquarie Group Ltd. raised its stake in shares of AAON by 26.8% in the second quarter. Macquarie Group Ltd. now owns 929,789 shares of the company’s stock valued at $25,578,000 after buying an additional 196,664 shares during the period. Henderson Group PLC raised its stake in shares of AAON by 57.5% in the second quarter. Henderson Group PLC now owns 506,906 shares of the company’s stock valued at $13,945,000 after buying an additional 185,026 shares during the period. Finally, FMR LLC purchased a new stake in shares of AAON during the second quarter valued at approximately $2,328,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.
AAON Inc. (NASDAQ:AAON) opened at 30.73 on Friday. The firm has a market capitalization of $1.63 billion, a P/E ratio of 32.31 and a beta of 1.30. AAON Inc. has a 12 month low of $19.06 and a 12 month high of $30.80. The company’s 50 day moving average price is $28.33 and its 200 day moving average price is $27.42.
AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $102.30 million for the quarter, compared to analyst estimates of $98.03 million. AAON had a net margin of 13.54% and a return on equity of 27.11%. AAON’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. Analysts anticipate that AAON Inc. will post $1.00 EPS for the current year.
Separately, Zacks Investment Research raised AAON from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Monday, August 8th.
In related news, insider Rebecca Thompson sold 1,792 shares of the stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $28.00, for a total transaction of $50,176.00. Following the sale, the insider now owns 20,365 shares in the company, valued at $570,220. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 24.91% of the company’s stock.
AAON Company Profile
AAON, Inc (AAON) is engaged in the manufacture and sale of air-conditioning and heating equipment. The Company’s products consist of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils.
Want to see what other hedge funds are holding AAON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AAON Inc. (NASDAQ:AAON).
Receive News & Ratings for AAON Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAON Inc. and related companies with MarketBeat.com's FREE daily email newsletter.