Colonial River Investments LLC Increases Holdings in AAON, Inc. (NASDAQ:AAON)

Colonial River Investments LLC grew its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,613 shares of the construction company’s stock after buying an additional 249 shares during the period. Colonial River Investments LLC’s holdings in AAON were worth $425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. lifted its holdings in AAON by 521.6% during the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after buying an additional 193 shares during the last quarter. Blue Trust Inc. lifted its holdings in AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after buying an additional 198 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in AAON during the 3rd quarter worth about $36,000. UMB Bank n.a. lifted its holdings in AAON by 67.5% during the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after buying an additional 131 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in AAON during the 4th quarter worth about $42,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AAON. DA Davidson lifted their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, Robert W. Baird lifted their target price on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AAON presently has an average rating of “Moderate Buy” and an average target price of $133.00.

Insider Activity at AAON

In related news, CFO Rebecca Thompson sold 5,000 shares of the business’s stock in a transaction dated 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 owns 17,297 shares in the company, valued at $2,386,986. The trade was a 22.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Stephen E. Wakefield sold 5,362 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $130.99, for a total value of $702,368.38. Following the completion of the transaction, the vice president now owns 4,558 shares in the company, valued at $597,052.42. This trade represents a 54.05 % decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by insiders.

AAON Stock Performance

Shares of AAON stock opened at $103.63 on Monday. The stock has a market capitalization of $8.42 billion, a PE ratio of 45.65 and a beta of 0.87. AAON, Inc. has a 52-week low of $70.28 and a 52-week high of $144.07. The stock’s 50-day moving average price is $120.19 and its 200 day moving average price is $114.21. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

About AAON

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.