Geneva Capital Management LLC Has $125.77 Million Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Geneva Capital Management LLC increased its holdings in AAON, Inc. (NASDAQ:AAON) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,702,641 shares of the construction company’s stock after buying an additional 13,864 shares during the quarter. AAON accounts for about 2.4% of Geneva Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Geneva Capital Management LLC owned approximately 2.07% of AAON worth $125,774,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of AAON by 57.2% in the 3rd 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 period. Kayne Anderson Rudnick Investment Management LLC boosted its position in AAON by 46.0% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,385,306 shares of the construction company’s stock worth $249,392,000 after acquiring an additional 1,380,751 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of 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 purchasing an additional 25,178 shares during the period. Ameriprise Financial Inc. raised its holdings in AAON by 111.8% in the 3rd 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 during the period. Finally, Invesco Ltd. grew its position in AAON by 61.5% in the 3rd quarter. Invesco Ltd. now owns 1,604,098 shares of the construction company’s stock valued at $91,225,000 after acquiring an additional 610,949 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, William Blair initiated coverage on shares of AAON in a research report on Monday, April 29th. They set an “outperform” rating for the company.

Insider Buying and Selling at AAON

In other news, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the completion of the transaction, the director now directly owns 53,093 shares in the company, valued at approximately $4,247,970.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP Stephen E. Wakefield sold 24,655 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total value of $1,993,603.30. Following the sale, the vice president now owns 15,992 shares of the company’s stock, valued at approximately $1,293,113.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Norman H. Asbjornson sold 805 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $80.01, for a total value of $64,408.05. Following the transaction, the director now owns 53,093 shares of the company’s stock, valued at $4,247,970.93. The disclosure for this sale can be found here. Insiders sold 44,596 shares of company stock valued at $3,613,768 over the last 90 days. 18.55% of the stock is owned by corporate insiders.

AAON Stock Performance

NASDAQ AAON traded up $0.76 during mid-day trading on Thursday, reaching $77.75. 634,189 shares of the stock were exchanged, compared to its average volume of 642,141. The business’s fifty day simple moving average is $85.69 and its 200 day simple moving average is $74.95. AAON, Inc. has a 1-year low of $52.24 and a 1-year high of $96.34. The stock has a market capitalization of $6.39 billion, a PE ratio of 36.22 and a beta of 0.88.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). AAON had a return on equity of 25.84% and a net margin of 15.44%. The business had revenue of $262.10 million for the quarter, compared to analyst estimates of $284.76 million. During the same period last year, the company posted $0.45 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts anticipate that AAON, Inc. will post 2.27 EPS for the current year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Friday, March 15th. AAON’s dividend payout ratio is presently 14.91%.

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.