Y Intercept Hong Kong Ltd Takes Position in AAON, Inc. (NASDAQ:AAON)

Y Intercept Hong Kong Ltd purchased a new stake in AAON, Inc. (NASDAQ:AAON) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 16,391 shares of the construction company’s stock, valued at approximately $1,929,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ascent Wealth Partners LLC grew its stake in AAON by 0.4% during the 4th quarter. Ascent Wealth Partners LLC now owns 29,881 shares of the construction company’s stock worth $3,516,000 after buying an additional 113 shares during the last quarter. Cowa LLC purchased a new position in AAON during the 4th quarter worth $208,000. Arcadia Investment Management Corp MI grew its stake in AAON by 5.9% during the 4th quarter. Arcadia Investment Management Corp MI now owns 14,323 shares of the construction company’s stock worth $1,686,000 after buying an additional 792 shares during the last quarter. Pembroke Management LTD grew its stake in AAON by 37.3% during the 4th quarter. Pembroke Management LTD now owns 228,398 shares of the construction company’s stock worth $26,878,000 after buying an additional 62,037 shares during the last quarter. Finally, Peregrine Capital Management LLC purchased a new position in AAON during the 4th quarter worth $8,524,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AAON shares. Robert W. Baird boosted 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. DA Davidson boosted their price target on AAON from $102.00 to $150.00 and gave the company a “buy” 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

Insider Activity

In other news, VP Stephen E. Wakefield sold 5,362 shares of the business’s 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 completion of the transaction, the vice president now owns 4,558 shares of the company’s stock, valued at $597,052.42. The trade was a 54.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Rebecca Thompson sold 5,000 shares of the business’s 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 transaction, 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 disclosure for this sale can be found here. Insiders own 18.55% of the company’s stock.

AAON Stock Up 0.2 %

AAON stock opened at $100.29 on Wednesday. The company has a market cap of $8.15 billion, a PE ratio of 44.18 and a beta of 0.87. The business’s 50-day simple moving average is $118.93 and its two-hundred day simple moving average is $114.40. 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 fifty-two week low of $70.28 and a fifty-two week high of $144.07.

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.