AAON, Inc. (NASDAQ:AAON) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its stake in AAON, Inc. (NASDAQ:AAON) by 13,777.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,249 shares of the construction company’s stock after purchasing an additional 1,240 shares during the period. Harvest Fund Management Co. Ltd’s holdings in AAON were worth $135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AAON. Janus Henderson Group PLC raised its holdings in shares of AAON by 79.8% in the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock worth $5,186,000 after buying an additional 26,141 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in AAON by 1.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock worth $49,595,000 after acquiring an additional 6,766 shares during the last quarter. Amalgamated Bank lifted its position in AAON by 65.2% during the 2nd quarter. Amalgamated Bank now owns 35,367 shares of the construction company’s stock worth $3,085,000 after acquiring an additional 13,964 shares during the period. Geneva Capital Management LLC grew its stake in AAON by 1.5% during the 3rd quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company’s stock valued at $183,135,000 after purchasing an additional 24,384 shares during the last quarter. Finally, Swedbank AB purchased a new position in shares of AAON in the second quarter worth about $14,569,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Performance

AAON opened at $136.03 on Thursday. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 59.93 and a beta of 0.79. The firm’s fifty day simple moving average is $116.63 and its two-hundred day simple moving average is $95.84. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 52-week low of $61.09 and a 52-week high of $144.07.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. AAON had a net margin of 15.78% and a return on equity of 24.98%. The firm had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. During the same period last year, the company posted $0.64 EPS. AAON’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date is Friday, November 29th. AAON’s dividend payout ratio is currently 14.10%.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAON. DA Davidson lifted their price objective on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Robert W. Baird increased their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Sidoti cut AAON from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $133.00.

Insider Buying and Selling at AAON

In other news, CEO Gary D. Fields sold 35,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the completion of the sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at $8,488,868.85. This represents a 35.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Casey Kidwell sold 1,421 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $135.14, for a total transaction of $192,033.94. Following the completion of the transaction, the vice president now directly owns 4,953 shares in the company, valued at approximately $669,348.42. This represents a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,967 shares of company stock worth $6,271,357. Corporate insiders own 18.55% of the company’s stock.

AAON Company Profile

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.