Swiss National Bank Acquires 1,200 Shares of AAON, Inc. (NASDAQ:AAON)

Swiss National Bank grew its holdings in AAON, Inc. (NASDAQ:AAON) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,425 shares of the construction company’s stock after purchasing an additional 1,200 shares during the period. Swiss National Bank owned about 0.17% of AAON worth $15,937,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of AAON by 51.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 74,876 shares of the construction company’s stock worth $8,811,000 after purchasing an additional 25,476 shares in the last quarter. PFG Advisors bought a new stake in shares of AAON in the 4th quarter worth $1,141,000. HighTower Advisors LLC increased its holdings in shares of AAON by 2.2% in the 4th quarter. HighTower Advisors LLC now owns 13,328 shares of the construction company’s stock worth $1,568,000 after purchasing an additional 285 shares in the last quarter. Inspire Advisors LLC boosted its stake in shares of AAON by 2.7% in the 4th quarter. Inspire Advisors LLC now owns 10,812 shares of the construction company’s stock worth $1,272,000 after buying an additional 286 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AAON by 4.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,223 shares of the construction company’s stock worth $1,438,000 after buying an additional 534 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other AAON news, Director David Raymond Stewart acquired 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $242,580. The trade was a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 18.55% of the stock is currently owned by insiders.

AAON Price Performance

NASDAQ AAON opened at $79.80 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 12 month low of $69.52 and a 12 month high of $144.07. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 35.15 and a beta of 1.00. The company’s 50 day moving average is $106.90 and its two-hundred day moving average is $113.34.

AAON declared that its board has approved a share buyback program on Tuesday, March 4th that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

AAON Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.10 per share. This is a boost from AAON’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. AAON’s payout ratio is 19.90%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Friday, February 28th. DA Davidson dropped their price target on AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Robert W. Baird dropped their price target on AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, AAON presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.50.

AAON Company 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.