Capital Advisors Inc. OK Decreases Stake in AAON, Inc. (NASDAQ:AAON)

Capital Advisors Inc. OK lessened its stake in AAON, Inc. (NASDAQ:AAON) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,001 shares of the construction company’s stock after selling 1,943 shares during the quarter. Capital Advisors Inc. OK’s holdings in AAON were worth $4,354,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. lifted its stake in AAON by 521.6% during the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after purchasing an additional 193 shares during the last quarter. Blue Trust Inc. lifted its stake in AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in AAON during the third quarter worth approximately $36,000. ORG Wealth Partners LLC purchased a new stake in AAON during the third quarter worth approximately $37,000. Finally, UMB Bank n.a. lifted its stake in AAON by 67.5% during the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity

In related news, VP Stephen E. Wakefield sold 5,750 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction of $804,195.00. Following the transaction, the vice president now owns 9,920 shares of the company’s stock, valued at $1,387,411.20. This represents a 36.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Rebecca Thompson sold 5,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $138.00, for a total value of $690,000.00. Following the transaction, the chief financial officer now directly owns 17,297 shares in the company, valued at $2,386,986. This represents a 22.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,533 shares of company stock valued at $7,009,647. Company insiders own 18.55% of the company’s stock.

Wall Street Analyst Weigh In

AAON has been the subject of several recent analyst reports. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Sidoti cut AAON from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. DA Davidson boosted their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Robert W. Baird boosted their price objective on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

AAON Trading Down 0.5 %

NASDAQ:AAON opened at $112.76 on Wednesday. The firm has a market cap of $9.17 billion, a P/E ratio of 49.67 and a beta of 0.87. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $123.60 and its 200-day simple moving average is $112.80. AAON, Inc. has a 12-month low of $70.28 and a 12-month high of $144.07.

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.