JPMorgan Chase & Co. decreased its stake in shares of AAON, Inc. (NASDAQ:AAON) by 71.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,231 shares of the construction company’s stock after selling 69,354 shares during the period. JPMorgan Chase & Co.’s holdings in AAON were worth $998,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Karp Capital Management Corp purchased a new stake in shares of AAON during the first quarter worth about $615,000. State Street Corp raised its stake in shares of AAON by 7.6% in the fourth quarter. State Street Corp now owns 903,288 shares of the construction company’s stock worth $29,850,000 after buying an additional 63,959 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of AAON by 7.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,827 shares of the construction company’s stock worth $226,000 after buying an additional 482 shares during the last quarter. Swiss National Bank raised its stake in shares of AAON by 2.7% in the first quarter. Swiss National Bank now owns 69,650 shares of the construction company’s stock worth $2,462,000 after buying an additional 1,800 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of AAON by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 4,360 shares of the construction company’s stock worth $154,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 66.18% of the company’s stock.
Shares of AAON, Inc. (NASDAQ AAON) remained flat at $31.65 during trading on Friday. The company had a trading volume of 118,746 shares. The stock has a market cap of $1.66 billion, a PE ratio of 32.97 and a beta of 0.96. AAON, Inc. has a one year low of $26.51 and a one year high of $38.20. The company has a 50-day moving average of $35.39 and a 200-day moving average of $35.61.
AAON (NASDAQ:AAON) last released its earnings results on Thursday, August 3rd. The construction company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The company had revenue of $101.30 million for the quarter, compared to analyst estimates of $111.24 million. AAON had a net margin of 13.32% and a return on equity of 24.33%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. On average, analysts expect that AAON, Inc. will post $1.00 EPS for the current year.
A number of brokerages recently issued reports on AAON. Zacks Investment Research lowered AAON from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub lowered AAON from a “buy” rating to a “hold” rating in a report on Monday, July 24th.
In other AAON news, VP Scott M. Asbjornson sold 9,815 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $36.71, for a total transaction of $360,308.65. Following the transaction, the vice president now owns 860,165 shares of the company’s stock, valued at approximately $31,576,657.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 22.25% of the stock is currently owned by company insiders.
About AAON
AAON, Inc is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils.
Receive News & Ratings for AAON Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAON Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
