16,391 Shares in AAON, Inc. (NASDAQ:AAON) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of AAON, Inc. (NASDAQ:AAON) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,391 shares of the construction company’s stock, valued at approximately $1,929,000.

Other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC grew its position in shares of AAON by 5,040.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company’s stock worth $284,000 after purchasing an additional 2,369 shares in the last quarter. SG Americas Securities LLC grew its holdings in AAON by 691.1% during the 4th quarter. SG Americas Securities LLC now owns 24,666 shares of the construction company’s stock valued at $2,903,000 after buying an additional 21,548 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in AAON by 39.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company’s stock valued at $31,121,000 after buying an additional 81,111 shares in the last quarter. Wolverine Trading LLC purchased a new position in AAON during the 3rd quarter valued at approximately $471,000. Finally, Caldwell Investment Management Ltd. purchased a new position in AAON during the 4th quarter valued at approximately $1,099,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Price Performance

NASDAQ:AAON opened at $100.29 on Wednesday. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 44.18 and a beta of 0.87. AAON, Inc. has a 1 year low of $70.28 and a 1 year high of $144.07. The business has a 50 day simple moving average of $118.93 and a 200-day simple moving average of $114.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

Wall Street Analyst Weigh In

AAON has been the subject of several research analyst reports. DA Davidson raised their price target on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Robert W. Baird raised 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 issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $133.00.

Insider Buying and Selling

In related news, VP Stephen E. Wakefield sold 5,362 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the completion of the sale, the vice president now directly owns 4,558 shares of the company’s stock, valued at approximately $597,052.42. This trade represents a 54.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rebecca Thompson sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 17,297 shares of the company’s stock, valued at $2,386,986. This represents a 22.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is owned by corporate insiders.

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. 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.