336,730 AAON, Inc. $AAON Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in AAON, Inc. (NASDAQ:AAON) by 38.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,220,470 shares of the construction company’s stock after acquiring an additional 336,730 shares during the quarter. Pictet Asset Management Holding SA’s holdings in AAON were worth $101,006,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAON. Kestra Advisory Services LLC increased its stake in AAON by 266.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 9,681 shares of the construction company’s stock worth $801,000 after buying an additional 7,042 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of AAON by 4.7% in the third quarter. Kestra Private Wealth Services LLC now owns 6,714 shares of the construction company’s stock valued at $556,000 after acquiring an additional 300 shares in the last quarter. Ascent Group LLC lifted its position in shares of AAON by 0.8% in the third quarter. Ascent Group LLC now owns 66,092 shares of the construction company’s stock valued at $5,470,000 after acquiring an additional 515 shares in the last quarter. Associated Banc Corp purchased a new position in shares of AAON in the third quarter valued at approximately $231,000. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in shares of AAON in the third quarter worth approximately $4,966,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Performance

NASDAQ AAON opened at $57.19 on Monday. The stock’s fifty day moving average is $76.99 and its two-hundred day moving average is $96.98. The firm has a market capitalization of $4.72 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 1.06 and a beta of 1.45. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.01 and a current ratio of 3.01. AAON, Inc. has a fifty-two week low of $53.13 and a fifty-two week high of $150.46.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Monday, August 10th. The construction company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. AAON had a net margin of 8.24% and a return on equity of 17.32%. The firm had revenue of $626.98 million during the quarter, compared to analyst estimates of $508.82 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. AAON’s quarterly revenue was up 101.2% on a year-over-year basis. On average, research analysts anticipate that AAON, Inc. will post 2.35 earnings per share for the current year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, September 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. AAON’s dividend payout ratio (DPR) is currently 20.83%.

Insider Buying and Selling

In other AAON news, Director David Stewart bought 1,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was bought at an average price of $74.66 per share, with a total value of $74,660.00. Following the completion of the purchase, the director directly owned 4,000 shares in the company, valued at $298,640. The trade was a 33.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Matthew Shaub acquired 457 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average cost of $76.42 per share, with a total value of $34,923.94. Following the completion of the transaction, the executive vice president directly owned 3,136 shares in the company, valued at approximately $239,653.12. The trade was a 17.06% increase in their position. The SEC filing for this purchase provides additional information. 18.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AAON has been the subject of several recent research reports. Oppenheimer reissued an “outperform” rating and issued a $115.00 price objective (down from $125.00) on shares of AAON in a research note on Wednesday, October 14th. DA Davidson started coverage on AAON in a report on Tuesday, September 15th. They issued a “buy” rating and a $110.00 price objective on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of AAON in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Monday, October 12th. Finally, Robert W. Baird reduced their target price on shares of AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

AAON Profile

AAON, Inc designs and manufactures heating, ventilation and air-conditioning (HVAC) equipment for commercial and industrial buildings. Founded in 1988, the company is headquartered in Tulsa, Oklahoma, and sells products under the AAON and BASX brands.

Its products include rooftop units, chillers, air-handling units, heat pumps and other custom HVAC systems. BASX specializes in equipment for data centers and other demanding applications, while AAON also offers controls and related services.

AAON serves customers primarily in North America, with products also reaching international markets through its sales and distribution network.