State of Alaska Department of Revenue Lowers Stake in AAON, Inc. (NASDAQ:AAON)

State of Alaska Department of Revenue reduced its position in AAON, Inc. (NASDAQ:AAON) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,695 shares of the construction company’s stock after selling 170 shares during the period. State of Alaska Department of Revenue’s holdings in AAON were worth $905,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Mather Group LLC. grew its stake 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 acquiring an additional 193 shares during the last quarter. Blue Trust Inc. boosted its position in AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after buying an additional 198 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in AAON in the third quarter valued at approximately $36,000. UMB Bank n.a. boosted its position in AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after purchasing an additional 131 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in AAON in the 3rd quarter worth approximately $43,000. 70.81% of the stock is currently owned by institutional investors.

AAON Stock Performance

NASDAQ AAON opened at $112.86 on Friday. The stock has a market cap of $9.17 billion, a PE ratio of 49.72 and a beta of 0.87. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a twelve month low of $70.28 and a twelve month high of $144.07. The stock has a fifty day simple moving average of $123.07 and a 200-day simple moving average of $112.78.

Insider Activity at AAON

In other AAON news, VP Stephen E. Wakefield sold 5,362 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $130.99, for a total value of $702,368.38. Following the sale, the vice president now owns 4,558 shares of the company’s stock, valued at $597,052.42. This trade represents a 54.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Rebecca Thompson sold 5,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 17,297 shares in the company, valued at $2,386,986. This represents a 22.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,533 shares of company stock worth $2,388,597 in the last three months. 18.55% of the stock is owned by company insiders.

Analyst Ratings Changes

AAON has been the topic of several recent research reports. Baird R W upgraded 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 increased their price objective for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. DA Davidson raised their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, 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 note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AAON currently has an average rating of “Moderate Buy” and an average target price of $133.00.

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.