Glen Harbor Capital Management LLC lessened its position in shares of AAON, Inc. (NASDAQ:AAON) by 46.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,460 shares of the construction company’s stock after selling 5,610 shares during the quarter. Glen Harbor Capital Management LLC’s holdings in AAON were worth $215,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AAON. Mariner LLC purchased a new position in AAON during the 1st quarter worth approximately $202,000. M&T Bank Corp acquired a new stake in AAON during the 1st quarter worth approximately $204,000. Atria Investments LLC acquired a new stake in AAON during the 2nd quarter worth approximately $262,000. OMERS ADMINISTRATION Corp acquired a new stake in AAON during the 1st quarter worth approximately $265,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in AAON during the 2nd quarter worth approximately $284,000. Hedge funds and other institutional investors own 71.89% of the company’s stock.

AAON stock opened at $40.50 on Tuesday. AAON, Inc. has a twelve month low of $29.05 and a twelve month high of $43.30. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 50.25, a P/E/G ratio of 3.08 and a beta of 0.92.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. AAON had a return on equity of 17.78% and a net margin of 10.89%. The company had revenue of $109.59 million during the quarter, compared to analysts’ expectations of $117.69 million. During the same period last year, the firm earned $0.26 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. equities analysts predict that AAON, Inc. will post 0.87 earnings per share for the current fiscal year.

AAON has been the subject of a number of recent research reports. BidaskClub cut AAON from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 18th. Zacks Investment Research raised AAON from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 4th. Finally, ValuEngine raised AAON from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th.

In other news, Director Jack E. Short sold 5,851 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $40.45, for a total value of $236,672.95. Following the completion of the sale, the director now directly owns 53,547 shares of the company’s stock, valued at approximately $2,165,976.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Gary D. Fields sold 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $38.70, for a total value of $61,920.00. Following the completion of the sale, the president now directly owns 25,343 shares of the company’s stock, valued at $980,774.10. The disclosure for this sale can be found here. Insiders have sold a total of 12,984 shares of company stock valued at $534,797 over the last ninety days. 22.20% of the stock is owned by 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. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.

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Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

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