RK Capital Management LLC Has $14.63 Million Holdings in AAON, Inc. (AAON)
RK Capital Management LLC boosted its holdings in AAON, Inc. (NASDAQ:AAON) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 396,943 shares of the construction company’s stock after buying an additional 15,100 shares during the period. AAON makes up about 2.9% of RK Capital Management LLC’s investment portfolio, making the stock its 7th largest position. RK Capital Management LLC owned about 0.75% of AAON worth $14,627,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of AAON. BlackRock Inc. increased its position in AAON by 132,761.8% in the 1st quarter. BlackRock Inc. now owns 4,753,796 shares of the construction company’s stock worth $168,047,000 after buying an additional 4,750,218 shares during the period. Bank of New York Mellon Corp increased its position in AAON by 35.3% in the 1st quarter. Bank of New York Mellon Corp now owns 817,320 shares of the construction company’s stock worth $28,892,000 after buying an additional 213,289 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in AAON by 22.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 857,340 shares of the construction company’s stock worth $31,593,000 after buying an additional 159,709 shares during the period. Vanguard Group Inc. increased its position in AAON by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 3,503,276 shares of the construction company’s stock worth $123,841,000 after buying an additional 121,814 shares during the period. Finally, Macquarie Group Ltd. increased its position in AAON by 9.7% in the 1st quarter. Macquarie Group Ltd. now owns 994,468 shares of the construction company’s stock worth $35,154,000 after buying an additional 88,002 shares during the period. 65.30% of the stock is currently owned by institutional investors.
Several research analysts have commented on the company. BidaskClub downgraded AAON from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research raised AAON from a “sell” rating to a “hold” rating in a research report on Tuesday.
Shares of AAON, Inc. (NASDAQ:AAON) traded up 0.92% on Friday, reaching $32.95. The company’s stock had a trading volume of 314,200 shares. AAON, Inc. has a 1-year low of $27.45 and a 1-year high of $38.20. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 34.32 and a beta of 0.97. The company’s 50 day moving average is $32.80 and its 200-day moving average is $35.33.
AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). AAON had a net margin of 13.32% and a return on equity of 24.33%. The business had revenue of $101.30 million during the quarter, compared to analyst estimates of $111.24 million. During the same period in the previous year, the business earned $0.27 earnings per share. The business’s quarterly revenue was down 1.0% on a year-over-year basis. Equities research analysts expect that AAON, Inc. will post $1.00 EPS for the current year.
In other news, Director Jack E. Short sold 5,062 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $31.91, for a total value of $161,528.42. Following the completion of the sale, the director now directly owns 54,336 shares of the company’s stock, valued at $1,733,861.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 22.25% of the company’s stock.
AAON, Inc is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils.
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