Parametric Portfolio Associates LLC Sells 11,178 Shares of AAON, Inc. (NASDAQ:AAON)

Parametric Portfolio Associates LLC lessened its position in shares of AAON, Inc. (NASDAQ:AAON) by 14.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,882 shares of the construction company’s stock after selling 11,178 shares during the period. Parametric Portfolio Associates LLC owned about 0.13% of AAON worth $2,538,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AAON. Alps Advisors Inc. lifted its stake in AAON by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 13,546 shares of the construction company’s stock valued at $499,000 after purchasing an additional 35 shares during the last quarter. Pinebridge Investments L.P. raised its position in shares of AAON by 0.9% in the second quarter. Pinebridge Investments L.P. now owns 5,198 shares of the construction company’s stock valued at $192,000 after buying an additional 48 shares in the last quarter. Arizona State Retirement System raised its position in shares of AAON by 0.5% in the second quarter. Arizona State Retirement System now owns 20,622 shares of the construction company’s stock valued at $760,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund raised its position in shares of AAON by 0.8% in the second quarter. Texas Permanent School Fund now owns 28,803 shares of the construction company’s stock valued at $1,061,000 after buying an additional 218 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of AAON by 0.4% in the second quarter. Rhumbline Advisers now owns 83,194 shares of the construction company’s stock valued at $3,066,000 after buying an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 66.14% of the company’s stock.

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In other AAON news, Director Jack E. Short sold 5,062 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $31.91, for a total value of $161,528.42. Following the completion of the sale, the director now directly owns 54,336 shares of the company’s stock, valued at approximately $1,733,861.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 22.25% of the company’s stock.

AAON, Inc. (AAON) opened at $34.30 on Wednesday. AAON, Inc. has a fifty-two week low of $29.95 and a fifty-two week high of $38.20. The stock has a market cap of $1,773.43, a price-to-earnings ratio of 35.96, a P/E/G ratio of 2.32 and a beta of 1.01.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $113.67 million for the quarter, compared to analyst estimates of $111.76 million. AAON had a net margin of 12.77% and a return on equity of 23.17%. AAON’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS. equities research analysts forecast that AAON, Inc. will post 0.97 earnings per share for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, November 30th will be given a $0.13 dividend. This represents a yield of 0.76%. The ex-dividend date is Wednesday, November 29th. AAON’s payout ratio is 27.66%.

A number of equities research analysts have recently weighed in on AAON shares. Zacks Investment Research upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. BidaskClub cut shares of AAON from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th.

AAON Company Profile

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.

Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

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