AAON, Inc. (NASDAQ:AAON) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its position in AAON, Inc. (NASDAQ:AAON) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,901 shares of the construction company’s stock after purchasing an additional 425 shares during the period. Oppenheimer Asset Management Inc.’s holdings in AAON were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AAON. Mather Group LLC. lifted its stake in shares of AAON by 521.6% in the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock valued at $27,000 after purchasing an additional 193 shares during the period. Blue Trust Inc. raised its position 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 acquiring an additional 198 shares during the period. Westside Investment Management Inc. acquired a new position in AAON during the third quarter worth $36,000. UMB Bank n.a. raised its position 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 acquiring an additional 131 shares during the period. Finally, Empowered Funds LLC acquired a new position in AAON during the fourth quarter worth $42,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AAON

In related news, VP Stephen E. Wakefield sold 5,362 shares of the company’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 value of $702,368.38. Following the transaction, the vice president now directly owns 4,558 shares in the company, valued at approximately $597,052.42. This represents a 54.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Rebecca Thompson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total value of $690,000.00. Following the completion of the transaction, the chief financial officer now owns 17,297 shares in the company, 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. Insiders own 18.55% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. CJS Securities upgraded shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Friday. Robert W. Baird reduced their price objective on shares of AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research report on Friday. DA Davidson reduced their price objective on shares of AAON from $150.00 to $125.00 and set a “buy” rating for the company in a research report on Friday. Finally, StockNews.com cut shares of AAON from a “hold” rating to a “sell” rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.50.

AAON Trading Down 2.3 %

Shares of AAON stock opened at $76.80 on Monday. The stock has a market cap of $6.24 billion, a P/E ratio of 33.83 and a beta of 0.87. The stock’s 50 day simple moving average is $116.69 and its 200-day simple moving average is $114.18. AAON, Inc. has a 1-year low of $70.28 and a 1-year high of $144.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

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.