Public Employees Retirement System of Ohio reduced its stake in AAON, Inc. (NASDAQ:AAON) by 25.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,461 shares of the construction company’s stock after selling 33,491 shares during the period. Public Employees Retirement System of Ohio owned 0.19% of AAON worth $4,840,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AAON. Belpointe Asset Management LLC bought a new position in shares of AAON in the 1st quarter worth $116,000. Stone Ridge Asset Management LLC bought a new position in AAON during the second quarter worth about $232,000. Advisor Group Inc. lifted its holdings in AAON by 4.7% during the second quarter. Advisor Group Inc. now owns 4,903 shares of the construction company’s stock worth $246,000 after acquiring an additional 221 shares in the last quarter. Bank of Montreal Can lifted its holdings in AAON by 178.2% during the second quarter. Bank of Montreal Can now owns 5,882 shares of the construction company’s stock worth $295,000 after acquiring an additional 3,768 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in AAON during the first quarter worth about $305,000. Institutional investors and hedge funds own 72.75% of the company’s stock.

AAON has been the topic of several recent analyst reports. BidaskClub upgraded AAON from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Zacks Investment Research lowered AAON from a “hold” rating to a “strong sell” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $40.50.

AAON stock traded up $0.04 during midday trading on Friday, hitting $50.67. 9,069 shares of the company’s stock were exchanged, compared to its average volume of 100,731. The stock’s fifty day moving average price is $47.42 and its 200-day moving average price is $46.99. The company has a market cap of $2.49 billion, a PE ratio of 63.33 and a beta of 1.01. AAON, Inc. has a one year low of $31.55 and a one year high of $53.27.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.06). AAON had a net margin of 11.01% and a return on equity of 19.78%. The firm had revenue of $119.40 million during the quarter, compared to analyst estimates of $124.42 million. During the same period in the prior year, the business earned $0.22 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts predict that AAON, Inc. will post 1.03 earnings per share for the current fiscal year.

AAON 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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