AAON, Inc. (NASDAQ:AAON) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System grew its stake in shares of AAON, Inc. (NASDAQ:AAON) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,700 shares of the construction company’s stock after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in AAON were worth $2,201,000 at the end of the most recent reporting period.

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

AAON Stock Up 0.3 %

Shares of NASDAQ AAON opened at $113.16 on Friday. AAON, Inc. has a 52-week low of $70.28 and a 52-week high of $144.07. The firm has a fifty day moving average of $122.13 and a 200-day moving average of $112.96. The stock has a market capitalization of $9.20 billion, a PE ratio of 49.85 and a beta of 0.87. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AAON. DA Davidson raised their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Robert W. Baird raised their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Two equities research 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 stock. According to MarketBeat.com, AAON presently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

Insider Activity

In related news, CFO Rebecca Thompson sold 5,000 shares of AAON stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total transaction of $690,000.00. Following the transaction, the chief financial officer now owns 17,297 shares in the company, valued at approximately $2,386,986. The trade was a 22.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Casey Kidwell sold 1,421 shares of AAON stock in a transaction on Monday, November 18th. The shares were sold at an average price of $135.14, for a total transaction of $192,033.94. Following the transaction, the vice president now owns 4,953 shares in the company, valued at $669,348.42. The trade was a 22.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 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.