Illinois Municipal Retirement Fund Increases Stake in AAON, Inc. (NASDAQ:AAON)

Illinois Municipal Retirement Fund raised its stake in shares of AAON, Inc. (NASDAQ:AAON) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,916 shares of the construction company’s stock after purchasing an additional 3,106 shares during the period. Illinois Municipal Retirement Fund’s holdings in AAON were worth $2,875,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AAON. Vanguard Group Inc. boosted its holdings in AAON by 57.2% in the third quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock valued at $425,936,000 after acquiring an additional 2,725,779 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in AAON by 46.0% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,385,306 shares of the construction company’s stock worth $249,392,000 after purchasing an additional 1,380,751 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in AAON by 0.8% in the fourth quarter. Conestoga Capital Advisors LLC now owns 3,354,242 shares of the construction company’s stock valued at $247,778,000 after buying an additional 25,178 shares during the period. Ameriprise Financial Inc. lifted its position in AAON by 111.8% during the third quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company’s stock valued at $91,361,000 after buying an additional 847,953 shares in the last quarter. Finally, Invesco Ltd. grew its stake in AAON by 61.5% during the third quarter. Invesco Ltd. now owns 1,604,098 shares of the construction company’s stock worth $91,225,000 after buying an additional 610,949 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Performance

Shares of AAON stock opened at $89.67 on Thursday. The company has a current ratio of 3.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. The company has a market cap of $7.36 billion, a PE ratio of 42.03 and a beta of 0.91. The company’s fifty day simple moving average is $85.07 and its 200-day simple moving average is $72.73. AAON, Inc. has a 52 week low of $52.24 and a 52 week high of $93.30.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. AAON had a return on equity of 27.20% and a net margin of 15.20%. The company had revenue of $306.60 million for the quarter, compared to analysts’ expectations of $294.35 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, equities research analysts anticipate that AAON, Inc. will post 2.29 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.36%. The ex-dividend date was Friday, March 15th. AAON’s dividend payout ratio (DPR) is 15.00%.

Insider Transactions at AAON

In related news, Director Norman H. Asbjornson sold 19,136 shares of AAON stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the sale, the director now owns 14,874 shares of the company’s stock, valued at approximately $1,209,256.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other AAON news, Director Norman H. Asbjornson sold 19,136 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total value of $1,555,756.80. Following the transaction, the director now directly owns 14,874 shares of the company’s stock, valued at approximately $1,209,256.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stephen E. Wakefield sold 24,655 shares of AAON stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the completion of the sale, the vice president now owns 15,992 shares of the company’s stock, valued at approximately $1,293,113.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,596 shares of company stock valued at $3,613,768. Corporate 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.