Today: Strs Ohio Increases Position in AAON Inc. (AAON)

Today: Strs Ohio Increases Position in AAON Inc. (AAON)

Strs Ohio increased its stake in shares of AAON Inc. (NASDAQ:AAON) by 49.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,500 shares of the company’s stock after buying an additional 11,400 shares during the period. Strs Ohio’s holdings in AAON were worth $949,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Rockefeller Financial Services Inc. boosted its position in AAON by 2.6% in the second quarter. Rockefeller Financial Services Inc. now owns 394,236 shares of the company’s stock valued at $10,845,000 after buying an additional 9,994 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of AAON by 13.2% in the second quarter. Eagle Asset Management Inc. now owns 75,664 shares of the company’s stock valued at $2,081,000 after buying an additional 8,839 shares during the period. Capstone Asset Management Co. raised its stake in shares of AAON by 11.1% in the second quarter. Capstone Asset Management Co. now owns 14,661 shares of the company’s stock valued at $403,000 after buying an additional 1,460 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of AAON by 102.6% in the second quarter. BNP Paribas Arbitrage SA now owns 12,709 shares of the company’s stock valued at $350,000 after buying an additional 6,435 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of AAON by 16.9% in the first quarter. Royal Bank of Canada now owns 5,585 shares of the company’s stock valued at $156,000 after buying an additional 806 shares during the period. Hedge funds and other institutional investors own 58.68% of the company’s stock.

AAON Inc. (NASDAQ:AAON) traded up 0.17% during midday trading on Friday, hitting $29.35. 68,668 shares of the stock traded hands. AAON Inc. has a 12-month low of $19.06 and a 12-month high of $30.80. The stock has a market capitalization of $1.55 billion, a PE ratio of 30.86 and a beta of 1.30. The firm’s 50 day moving average is $28.63 and its 200-day moving average is $27.53.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, August 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. AAON had a net margin of 13.54% and a return on equity of 27.11%. The business earned $102.30 million during the quarter, compared to analysts’ expectations of $98.03 million. During the same period last year, the business earned $0.20 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. On average, analysts anticipate that AAON Inc. will post $1.00 EPS for the current fiscal year.

Several equities research analysts have issued reports on AAON shares. Jefferies Group started coverage on shares of AAON in a report on Thursday. They issued a “buy” rating and a $30.00 price target on the stock. Zacks Investment Research lowered shares of AAON from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th.

In related news, insider Rebecca Thompson sold 1,792 shares of the firm’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $28.00, for a total value of $50,176.00. Following the completion of the transaction, the insider now directly owns 20,365 shares of the company’s stock, valued at $570,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 24.91% of the stock is currently owned by corporate insiders.

AAON Company Profile

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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