ProShare Advisors LLC Has $1.07 Million Stock Holdings in AAON, Inc. (NASDAQ:AAON)

ProShare Advisors LLC trimmed its stake in shares of AAON, Inc. (NASDAQ:AAON) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,299 shares of the construction company’s stock after selling 1,357 shares during the quarter. ProShare Advisors LLC’s holdings in AAON were worth $1,073,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AAON. Vanguard Group Inc. boosted its holdings in shares of AAON by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock worth $641,267,000 after buying an additional 61,544 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of AAON by 99.6% during the first quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock worth $1,520,000 after acquiring an additional 8,613 shares during the period. Janus Henderson Group PLC grew its position in shares of AAON by 79.8% in the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock valued at $5,186,000 after purchasing an additional 26,141 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of AAON by 71.1% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 527,875 shares of the construction company’s stock worth $46,505,000 after purchasing an additional 219,435 shares during the period. Finally, Lord Abbett & CO. LLC lifted its holdings in AAON by 18.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 592,804 shares of the construction company’s stock worth $52,226,000 after purchasing an additional 94,026 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on AAON shares. Baird R W upgraded AAON to a “hold” rating in a research report on Wednesday, July 24th. DA Davidson reaffirmed a “buy” rating and set a $102.00 price target on shares of AAON in a research report on Wednesday, June 26th. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Robert W. Baird raised their target price on shares of AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $102.00.

AAON Stock Performance

AAON opened at $107.09 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. AAON, Inc. has a 52-week low of $52.24 and a 52-week high of $109.07. The firm has a market cap of $8.80 billion, a P/E ratio of 49.81 and a beta of 0.80. The business’s fifty day moving average is $92.19 and its 200-day moving average is $86.13.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. AAON had a net margin of 15.60% and a return on equity of 26.02%. The firm had revenue of $313.57 million for the quarter, compared to the consensus estimate of $283.77 million. During the same period in the prior year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts expect that AAON, Inc. will post 2.29 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 annualized dividend and a yield of 0.30%. AAON’s dividend payout ratio is currently 14.88%.

Insiders Place Their Bets

In other news, Director Norman H. Asbjornson sold 11,022 shares of AAON stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total value of $963,433.02. Following the transaction, the director now owns 5,135 shares in the company, valued at approximately $448,850.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Gary D. Fields sold 20,641 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the completion of the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $5,542,871.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Norman H. Asbjornson sold 11,022 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total transaction of $963,433.02. Following the completion of the transaction, the director now directly owns 5,135 shares of the company’s stock, valued at approximately $448,850.35. The disclosure for this sale can be found here. Insiders sold 61,609 shares of company stock worth $5,441,927 over the last three months. Insiders own 18.55% of the company’s stock.

AAON Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.