Conestoga Capital Advisors buys $44,284,340 stake in AAON (AAON)

AAON (AAON) : Conestoga Capital Advisors scooped up 82,440 additional shares in AAON during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 1,478,609 shares of AAON which is valued at $44,284,340.AAON makes up approximately 3.04% of Conestoga Capital Advisors’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp sold out all of its stake in AAON during the most recent quarter. The investment firm sold 86 shares of AAON which is valued $2,576.Bnp Paribas Arbitrage Sa reduced its stake in AAON by selling 6,324 shares or 49.76% in the most recent quarter. The Hedge Fund company now holds 6,385 shares of AAON which is valued at $194,615.

AAON closed down -0.45 points or -1.50% at $29.5 with 1,19,125 shares getting traded on Tuesday. Post opening the session at $29.95, the shares hit an intraday low of $29.35 and an intraday high of $30.0898 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, AAON reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.25. The company had revenue of $102.30 million for the quarter, compared to analysts expectations of $98.03 million. The company’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

AAON Inc. (AAON) is engaged in the manufacture and sale of air-conditioning and heating equipment. The Company’s products consist of rooftop units chillers air-handling units make-up air units heat recovery units condensing units commercial self-contained units and coils. Its products serve the commercial and industrial new construction and replacement markets. Its rooftop and condenser unit markets consist of units installed on commercial or industrial structures of less than 10 stories in height. It offers three groups of rooftop units: RQ RN and RL Series. It manufactures a LC Series chiller air-cooled a LN Series chiller air-cooled and a LL Series chiller and packaged outdoor mechanical room which are available in both air-cooled condensing and evaporative-cooled configurations covering a range of five to 540 tons. It offers four groups of condensing units: the CB CC CN and CL Series. Its subsidiaries include AAON Inc. and AAON Coil Products Inc.

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