Pacer Advisors Inc. Has $1.26 Million Stake in AAON, Inc. $AAON

Pacer Advisors Inc. grew its position in AAON, Inc. (NASDAQ:AAON) by 268.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,432 shares of the construction company’s stock after purchasing an additional 9,785 shares during the quarter. Pacer Advisors Inc.’s holdings in AAON were worth $1,255,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of AAON in the 2nd quarter valued at $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of AAON in the 2nd quarter valued at $53,000. UMB Bank n.a. raised its holdings in shares of AAON by 32.9% during the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after buying an additional 194 shares in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of AAON during the 2nd quarter worth $91,000. Institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In other AAON news, Director Gary D. Fields sold 26,746 shares of AAON stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total transaction of $2,813,946.66. Following the transaction, the director directly owned 26,340 shares of the company’s stock, valued at approximately $2,771,231.40. The trade was a 50.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen E. Wakefield purchased 4,141 shares of AAON stock in a transaction on Friday, December 12th. The stock was bought at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the transaction, the executive vice president directly owned 15,212 shares in the company, valued at approximately $1,180,299.08. The trade was a 37.40% increase in their position. The disclosure for this purchase is available in the SEC filing. 18.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on AAON shares. Oppenheimer reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of AAON in a research note on Friday, November 7th. William Blair restated an “outperform” rating on shares of AAON in a research note on Tuesday. Zacks Research upgraded shares of AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.60.

AAON Stock Performance

NASDAQ:AAON opened at $76.25 on Friday. The stock’s 50-day moving average is $88.85 and its 200-day moving average is $85.81. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $137.90. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42. The stock has a market cap of $6.22 billion, a P/E ratio of 63.02 and a beta of 1.08.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. AAON had a net margin of 7.62% and a return on equity of 12.52%. The business had revenue of $322.05 million during the quarter. Equities research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, November 26th. AAON’s payout ratio is 33.06%.

AAON Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.