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

Caitong International Asset Management Co. Ltd purchased a new position in shares of AAON, Inc. (NASDAQ:AAON) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 348 shares of the construction company’s stock, valued at approximately $26,000.

Several other large investors have also recently bought and sold shares of AAON. UMB Bank n.a. raised its position in AAON by 32.9% in the second 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 raised its position in AAON by 25.7% in the first 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 purchased a new position in AAON in the second quarter worth $91,000. SBI Securities Co. Ltd. raised its position in AAON by 987.0% in the first 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 raised its position in AAON by 79.5% in the second 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. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Up 4.4%

Shares of NASDAQ:AAON opened at $106.24 on Monday. The stock’s 50-day moving average price is $90.76 and its two-hundred day moving average price is $87.04. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 72.27 and a beta of 1.05. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $144.07.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 EPS for the quarter. The company had revenue of $322.05 million for the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%. On average, research analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

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

Insider Activity at AAON

In other AAON news, CFO Rebecca Thompson sold 9,350 shares of AAON stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $81.09, for a total transaction of $758,191.50. Following the sale, the chief financial officer directly owned 24,396 shares in the company, valued at $1,978,271.64. The trade was a 27.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Douglas Eason sold 12,003 shares of AAON stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $85.08, for a total value of $1,021,215.24. Following the sale, the insider owned 5,301 shares in the company, valued at $451,009.08. This represents a 69.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AAON shares. Robert W. Baird cut 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. Oppenheimer raised their price target on AAON from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. DA Davidson dropped their price target on AAON from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Wall Street Zen cut AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.