AAON, Inc. $AAON is Jackson Square Partners LLC’s 4th Largest Position

Jackson Square Partners LLC lifted its holdings in AAON, Inc. (NASDAQ:AAON) by 195.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,734 shares of the construction company’s stock after buying an additional 88,516 shares during the quarter. AAON accounts for 5.1% of Jackson Square Partners LLC’s portfolio, making the stock its 4th biggest holding. Jackson Square Partners LLC owned 0.16% of AAON worth $12,496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geneva Capital Management LLC lifted its holdings in AAON by 7.3% in the second quarter. Geneva Capital Management LLC now owns 2,036,752 shares of the construction company’s stock valued at $150,210,000 after acquiring an additional 139,024 shares during the period. Geode Capital Management LLC increased its holdings in shares of AAON by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,341,376 shares of the construction company’s stock valued at $98,941,000 after purchasing an additional 26,302 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of AAON in the second quarter valued at about $87,147,000. Ameriprise Financial Inc. boosted its holdings in AAON by 8.5% during the second quarter. Ameriprise Financial Inc. now owns 1,120,324 shares of the construction company’s stock worth $82,624,000 after buying an additional 87,426 shares in the last quarter. Finally, Mawer Investment Management Ltd. grew its position in AAON by 39.7% during the second quarter. Mawer Investment Management Ltd. now owns 790,466 shares of the construction company’s stock worth $58,297,000 after buying an additional 224,494 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling at AAON

In other AAON news, Director Gary D. Fields sold 3,553 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $105.14, for a total value of $373,562.42. Following the sale, the director directly owned 26,340 shares of the company’s stock, valued at approximately $2,769,387.60. This trade represents a 11.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen E. Wakefield purchased 4,141 shares of the stock in a transaction on Friday, December 12th. The stock was acquired at an average price of $77.59 per share, with a total value of $321,300.19. Following the acquisition, the executive vice president directly owned 15,212 shares in the company, valued at $1,180,299.08. This trade represents a 37.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 18.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AAON shares. Oppenheimer reiterated an “outperform” rating and set a $115.00 price target on shares of AAON in a research report on Friday, November 7th. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Wall Street Zen downgraded AAON from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. William Blair reissued an “outperform” rating on shares of AAON in a report on Tuesday, December 30th. Finally, DA Davidson reaffirmed a “buy” rating and set a $120.00 price target on shares of AAON in a research note on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $107.60.

AAON Stock Performance

NASDAQ AAON opened at $96.43 on Friday. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $116.04. The business has a fifty day moving average of $84.87 and a 200-day moving average of $88.58. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 79.69 and a beta of 1.11.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, November 6th. The construction company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. AAON had a return on equity of 12.52% and a net margin of 7.62%.The firm had revenue of $384.24 million during the quarter, compared to analysts’ expectations of $337.20 million. During the same quarter last year, the business posted $0.63 EPS. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. As a group, analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Wednesday, November 26th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, November 26th. AAON’s dividend payout ratio is currently 33.06%.

About AAON

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.