Choreo LLC Boosts Stake in AAON, Inc. (NASDAQ:AAON)

Choreo LLC boosted its stake in shares of AAON, Inc. (NASDAQ:AAON) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,813 shares of the construction company’s stock after buying an additional 271 shares during the period. Choreo LLC’s holdings in AAON were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Retirement Systems of Alabama lifted its holdings in AAON by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 82,028 shares of the construction company’s stock worth $9,653,000 after buying an additional 346 shares during the period. Mather Group LLC. increased its position in shares of 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 in the last quarter. Highland Capital Management LLC acquired a new position in shares of AAON during the fourth quarter worth $615,000. Pacer Advisors Inc. increased its position in shares of AAON by 3.7% during the fourth quarter. Pacer Advisors Inc. now owns 11,718 shares of the construction company’s stock worth $1,379,000 after purchasing an additional 416 shares in the last quarter. Finally, KBC Group NV increased its position in shares of AAON by 42.9% during the fourth quarter. KBC Group NV now owns 2,703 shares of the construction company’s stock worth $318,000 after purchasing an additional 811 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AAON shares. Robert W. Baird upped their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and upped their price target for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Finally, DA Davidson upped their price target on AAON from $102.00 to $150.00 and gave the stock a “buy” 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 assigned a strong buy rating to the company. Based on data from MarketBeat, AAON currently has an average rating of “Moderate Buy” and an average target price of $133.00.

AAON Price Performance

NASDAQ AAON opened at $112.86 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The stock’s fifty day moving average price is $123.07 and its 200 day moving average price is $112.78. AAON, Inc. has a 1 year low of $70.28 and a 1 year high of $144.07. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 49.72 and a beta of 0.87.

Insider Activity at AAON

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 value of $804,195.00. Following the transaction, the vice president now directly owns 9,920 shares of the company’s stock, valued at $1,387,411.20. This represents a 36.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Casey Kidwell sold 1,421 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $135.14, for a total value of $192,033.94. Following the sale, the vice president now directly owns 4,953 shares in the company, valued at $669,348.42. This represents a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,533 shares of company stock valued at $2,388,597 in the last ninety days. Company insiders own 18.55% of the company’s stock.

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.