Wilmington Savings Fund Society FSB Purchases 1,400 Shares of AAON, Inc. (NASDAQ:AAON)

Wilmington Savings Fund Society FSB boosted its position in AAON, Inc. (NASDAQ:AAON) by 350.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,800 shares of the construction company’s stock after acquiring an additional 1,400 shares during the period. Wilmington Savings Fund Society FSB’s holdings in AAON were worth $212,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of AAON by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock valued at $351,615,000 after purchasing an additional 150,207 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of AAON by 1.9% in the third quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company’s stock valued at $229,180,000 after purchasing an additional 39,059 shares in the last quarter. State Street Corp lifted its holdings in AAON by 0.6% during the third quarter. State Street Corp now owns 1,977,531 shares of the construction company’s stock worth $213,257,000 after acquiring an additional 12,502 shares during the period. Wasatch Advisors LP lifted its holdings in AAON by 39.1% during the third quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company’s stock worth $201,310,000 after acquiring an additional 525,132 shares during the period. Finally, FMR LLC lifted its holdings in AAON by 9.6% during the third quarter. FMR LLC now owns 1,729,498 shares of the construction company’s stock worth $186,509,000 after acquiring an additional 151,540 shares during the period. Institutional investors own 70.81% of the company’s stock.

Insider Activity at AAON

In other AAON news, VP Stephen E. Wakefield sold 5,750 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.86, for a total value of $804,195.00. Following the transaction, the vice president now directly owns 9,920 shares in the company, valued at $1,387,411.20. This represents a 36.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary D. Fields sold 35,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares in the company, valued at $8,488,868.85. This represents a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,533 shares of company stock worth $7,009,647. 18.55% of the stock is owned by company insiders.

AAON Stock Performance

NASDAQ:AAON opened at $109.59 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON, Inc. has a 52-week low of $70.28 and a 52-week high of $144.07. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 48.28 and a beta of 0.87. The business’s fifty day moving average is $123.07 and its 200 day moving average is $112.78.

Wall Street Analyst Weigh In

AAON has been the topic of a number of recent analyst reports. DA Davidson lifted their price target on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Robert W. Baird raised 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. Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and raised their target price for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Finally, Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

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.