Charles Schwab Investment Management Inc. Has $52.96 Million Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Charles Schwab Investment Management Inc. lessened its stake in AAON, Inc. (NASDAQ:AAON) by 1.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 677,787 shares of the construction company’s stock after selling 11,455 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in AAON were worth $52,956,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AAON. Blair William & Co. IL increased its holdings in AAON by 86.2% in the first quarter. Blair William & Co. IL now owns 2,177,688 shares of the construction company’s stock valued at $170,143,000 after purchasing an additional 1,007,906 shares during the last quarter. Mawer Investment Management Ltd. bought a new stake in AAON in the first quarter valued at about $44,219,000. Brown Advisory Inc. bought a new stake in AAON in the first quarter valued at about $41,180,000. First Trust Advisors LP increased its holdings in AAON by 85.6% in the fourth quarter. First Trust Advisors LP now owns 1,069,112 shares of the construction company’s stock valued at $125,813,000 after purchasing an additional 493,219 shares during the last quarter. Finally, Impax Asset Management Group plc bought a new stake in AAON in the first quarter valued at about $36,223,000. Institutional investors own 70.81% of the company’s stock.

AAON Stock Down 4.3%

Shares of AAON stock opened at $79.55 on Friday. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $144.07. The business has a 50-day moving average of $77.55 and a two-hundred day moving average of $87.58. The company has a market capitalization of $6.49 billion, a P/E ratio of 54.12 and a beta of 0.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.80.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.09). AAON had a return on equity of 15.45% and a net margin of 9.70%. The business had revenue of $311.57 million during the quarter, compared to the consensus estimate of $326.15 million. During the same quarter last year, the company earned $0.62 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. As a group, equities analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 5th. AAON’s dividend payout ratio is 27.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Robert W. Baird dropped their price objective on AAON from $102.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday. DA Davidson dropped their price objective on AAON from $125.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Sidoti upgraded AAON from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Monday, June 16th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $102.00.

Insider Activity

In other AAON news, Director Gordon Douglas Wichman sold 21,302 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total value of $2,225,632.96. Following the completion of the sale, the director directly owned 8,754 shares in the company, valued at $914,617.92. This represents a 70.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.70% of the stock is owned by company insiders.

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.