AAON (NASDAQ:AAON) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of AAON (NASDAQ:AAON) from a hold rating to a sell rating in a research note released on Friday.

Several other equities research analysts have also issued reports on AAON. Robert W. Baird lowered their price objective on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research note on Friday. CJS Securities raised AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Friday. Finally, DA Davidson lowered their price objective on AAON from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AAON currently has a consensus rating of “Moderate Buy” and an average target price of $115.50.

AAON Stock Performance

NASDAQ AAON opened at $76.80 on Friday. The stock has a market capitalization of $6.24 billion, a PE ratio of 33.83 and a beta of 0.87. The business has a 50 day simple moving average of $117.63 and a two-hundred day simple moving average of $114.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. AAON has a 1-year low of $70.28 and a 1-year high of $144.07.

Insider Buying and Selling

In related news, CFO Rebecca Thompson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $138.00, for a total transaction of $690,000.00. Following the completion of the sale, the chief financial officer now directly owns 17,297 shares of the company’s stock, valued at approximately $2,386,986. This trade represents a 22.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stephen E. Wakefield sold 5,362 shares of the firm’s stock in a transaction that occurred on 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 directly owns 4,558 shares of the company’s stock, valued at $597,052.42. This represents a 54.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AAON

Institutional investors and hedge funds have recently bought and sold shares of the company. Mather Group LLC. raised its position in AAON by 521.6% during the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock valued at $27,000 after purchasing an additional 193 shares in the last quarter. Twin Tree Management LP bought a new stake in AAON during the 4th quarter valued at $33,000. Blue Trust Inc. raised its position in AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after purchasing an additional 198 shares in the last quarter. Quarry LP raised its position in AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company’s stock valued at $37,000 after purchasing an additional 103 shares in the last quarter. Finally, UMB Bank n.a. raised its position in AAON by 67.5% during the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock valued at $38,000 after purchasing an additional 131 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

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.