Colonial River Investments LLC Raises Holdings in AAON, Inc. (NASDAQ:AAON)

Colonial River Investments LLC lifted its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,613 shares of the construction company’s stock after purchasing an additional 249 shares during the period. Colonial River Investments LLC’s holdings in AAON were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of AAON. Mather Group LLC. raised its stake in shares of AAON by 521.6% during the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after buying an additional 193 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of AAON by 202.0% in the 3rd 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 period. Westside Investment Management Inc. acquired a new stake in shares of AAON in the 3rd quarter worth approximately $36,000. UMB Bank n.a. grew its holdings in shares of 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 acquiring an additional 131 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of AAON in the 4th quarter worth approximately $42,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AAON

In other news, VP Stephen E. Wakefield sold 5,362 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the sale, the vice president now owns 4,558 shares in the company, valued at $597,052.42. This trade represents a 54.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Rebecca Thompson sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $138.00, for a total value of $690,000.00. Following the sale, the chief financial officer now owns 17,297 shares in the company, valued at $2,386,986. This trade represents a 22.42 % decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is owned by insiders.

AAON Price Performance

Shares of NASDAQ:AAON opened at $103.63 on Monday. The business’s fifty day moving average price is $120.19 and its two-hundred day moving average price is $114.21. The stock has a market cap of $8.42 billion, a PE ratio of 45.65 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON, Inc. has a one year low of $70.28 and a one year high of $144.07.

Analysts Set New Price Targets

A number of research firms recently weighed in on AAON. Robert W. Baird upped their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. DA Davidson upped their price target on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

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.