Capital Advisors Inc. OK Trims Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Capital Advisors Inc. OK reduced its stake in AAON, Inc. (NASDAQ:AAON) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,001 shares of the construction company’s stock after selling 1,943 shares during the quarter. Capital Advisors Inc. OK’s holdings in AAON were worth $4,354,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its position in 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 buying an additional 193 shares during the period. Blue Trust Inc. increased its stake 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 last quarter. UMB Bank n.a. increased its stake 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 last quarter. Westside Investment Management Inc. acquired a new stake in AAON during the third quarter worth about $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in AAON during the third quarter worth about $37,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Price Performance

AAON stock opened at $112.76 on Wednesday. AAON, Inc. has a 1 year low of $70.28 and a 1 year high of $144.07. The stock has a 50-day simple moving average of $123.60 and a 200-day simple moving average of $112.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The firm has a market cap of $9.17 billion, a P/E ratio of 49.67 and a beta of 0.87.

Insider Buying and Selling at AAON

In other AAON news, VP Stephen E. Wakefield sold 5,750 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction of $804,195.00. Following the transaction, the vice president now owns 9,920 shares of the company’s stock, valued at $1,387,411.20. This trade represents a 36.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Casey Kidwell sold 1,421 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $135.14, for a total value of $192,033.94. Following the transaction, the vice president now directly owns 4,953 shares in the company, valued at approximately $669,348.42. This represents a 22.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,533 shares of company stock worth $7,009,647 in the last 90 days. 18.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. 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 note on Friday, November 8th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. DA Davidson increased their target price on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Sidoti lowered AAON from a “buy” rating to a “neutral” rating and increased their target price for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AAON currently has a consensus rating of “Moderate Buy” and a consensus 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.