LRT Capital Management LLC Sells 6,960 Shares of AAON, Inc. $AAON

LRT Capital Management LLC cut its holdings in AAON, Inc. (NASDAQ:AAON) by 30.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,820 shares of the construction company’s stock after selling 6,960 shares during the period. LRT Capital Management LLC’s holdings in AAON were worth $1,206,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Wellington Management Group LLP increased its holdings in shares of AAON by 512.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock worth $442,896,000 after buying an additional 3,966,088 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in shares of AAON by 96.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock worth $216,811,000 after buying an additional 1,138,658 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of AAON by 27.1% in the 3rd quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock worth $199,864,000 after buying an additional 456,560 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of AAON by 136.4% in the 3rd quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock worth $180,675,000 after buying an additional 1,115,566 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its holdings in shares of AAON by 5.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock worth $135,421,000 after buying an additional 84,693 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. William Blair restated an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Oppenheimer reiterated an “outperform” rating on shares of AAON in a report on Friday, May 8th. Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, AAON has an average rating of “Buy” and a consensus target price of $107.75.

AAON Stock Performance

Shares of NASDAQ:AAON opened at $127.19 on Friday. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 88.94, a PEG ratio of 3.56 and a beta of 1.39. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $150.46. The firm’s 50-day moving average is $115.30 and its 200 day moving average is $97.70. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. The company had revenue of $496.94 million for the quarter, compared to the consensus estimate of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The firm’s revenue was up 54.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. Research analysts predict that AAON, Inc. will post 2.23 EPS for the current year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, June 5th. AAON’s dividend payout ratio is presently 27.97%.

Insider Activity

In related news, Director Gary D. Fields sold 31,271 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $134.07, for a total transaction of $4,192,502.97. Following the transaction, the director directly owned 34,252 shares in the company, valued at approximately $4,592,165.64. This represents a 47.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Casey Kidwell sold 3,153 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $138.30, for a total transaction of $436,059.90. Following the completion of the sale, the insider directly owned 13,463 shares of the company’s stock, valued at approximately $1,861,932.90. This trade represents a 18.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 150,473 shares of company stock valued at $19,516,213. 18.09% of the stock is currently owned by company insiders.

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.