Public Employees Retirement Association of Colorado reduced its stake in shares of AAON Inc. (NASDAQ:AAON) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 315,866 shares of the company’s stock after selling 5,491 shares during the period. Public Employees Retirement Association of Colorado’s holdings in AAON were worth $8,689,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Royal Bank of Canada boosted its stake in AAON by 16.9% in the first quarter. Royal Bank of Canada now owns 5,585 shares of the company’s stock valued at $156,000 after buying an additional 806 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in AAON by 102.6% in the second quarter. BNP Paribas Arbitrage SA now owns 12,709 shares of the company’s stock valued at $350,000 after buying an additional 6,435 shares in the last quarter. Capstone Asset Management Co. boosted its stake in AAON by 11.1% in the second quarter. Capstone Asset Management Co. now owns 14,661 shares of the company’s stock valued at $403,000 after buying an additional 1,460 shares in the last quarter. Zebra Capital Management LLC acquired a new stake in AAON during the first quarter valued at approximately $506,000. Finally, A.R.T. Advisors LLC boosted its stake in AAON by 111.1% in the first quarter. A.R.T. Advisors LLC now owns 19,572 shares of the company’s stock valued at $548,000 after buying an additional 10,300 shares in the last quarter. Hedge funds and other institutional investors own 58.68% of the company’s stock.
Shares of AAON Inc. (NASDAQ:AAON) traded up 0.17% during trading on Friday, hitting $29.35. The stock had a trading volume of 68,668 shares. AAON Inc. has a 52 week low of $19.06 and a 52 week high of $30.80. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 30.86 and a beta of 1.30. The stock’s 50 day moving average is $28.63 and its 200 day moving average is $27.53.
AAON (NASDAQ:AAON) last announced its earnings results on Thursday, August 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $102.30 million for the quarter, compared to the consensus estimate of $98.03 million. AAON had a return on equity of 27.11% and a net margin of 13.54%. AAON’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. On average, equities research analysts expect that AAON Inc. will post $1.00 earnings per share for the current fiscal year.
Several analysts recently commented on AAON shares. Zacks Investment Research upgraded AAON from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, August 8th. Jefferies Group started coverage on AAON in a research report on Thursday. They issued a “buy” rating and a $30.00 target price on the stock.
In other news, insider Rebecca Thompson sold 1,792 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $28.00, for a total value of $50,176.00. Following the transaction, the insider now directly owns 20,365 shares of the company’s stock, valued at approximately $570,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 24.91% of the stock is owned by insiders.
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.
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