7,774 Shares in AAON Inc. (AAON) Acquired by Mason Street Advisors LLC
Mason Street Advisors LLC acquired a new stake in shares of AAON Inc. (NASDAQ:AAON) during the second quarter, Holdings Channel reports. The institutional investor acquired 7,774 shares of the company’s stock, valued at approximately $214,000.
A number of other institutional investors have also made changes to their positions in the stock. Personal Capital Advisors Corp increased its position in shares of AAON by 10.7% in the second quarter. Personal Capital Advisors Corp now owns 454,253 shares of the company’s stock valued at $12,497,000 after buying an additional 43,731 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of AAON by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 140,273 shares of the company’s stock valued at $3,859,000 after buying an additional 2,418 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of AAON during the second quarter valued at approximately $360,000. Fiera Capital Corp acquired a new position in shares of AAON during the second quarter valued at approximately $702,000. Finally, Arizona State Retirement System increased its position in shares of AAON by 1.0% in the second quarter. Arizona State Retirement System now owns 20,622 shares of the company’s stock valued at $567,000 after buying an additional 200 shares during the period. 58.68% of the stock is currently owned by institutional investors.
AAON Inc. (NASDAQ:AAON) opened at 29.50 on Wednesday. The company has a market cap of $1.56 billion, a P/E ratio of 31.02 and a beta of 1.30. The stock’s 50 day moving average price is $28.51 and its 200-day moving average price is $27.48. AAON Inc. has a 52-week low of $19.06 and a 52-week high of $30.80.
AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ 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 return on equity of 27.11% and a net margin of 13.54%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. On average, equities analysts predict that AAON Inc. will post $1.00 earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded AAON from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th.
In related news, insider Rebecca Thompson sold 1,792 shares of AAON stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $28.00, for a total transaction of $50,176.00. Following the transaction, the insider now owns 20,365 shares in the company, valued at $570,220. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 24.91% of the stock is owned by insiders.
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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