West Michigan Advisors LLC Purchases Shares of 2,221 AAON, Inc. (NASDAQ:AAON)

West Michigan Advisors LLC acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,221 shares of the construction company’s stock, valued at approximately $261,000.

Several other large investors have also recently modified their holdings of AAON. JPMorgan Chase & Co. grew its position in AAON by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock worth $351,615,000 after acquiring an additional 150,207 shares during the last quarter. State Street Corp boosted its stake in shares of AAON by 0.6% during the third quarter. State Street Corp now owns 1,977,531 shares of the construction company’s stock valued at $213,257,000 after purchasing an additional 12,502 shares during the period. Wasatch Advisors LP grew its holdings in shares of AAON by 39.1% in the third 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 during the last quarter. FMR LLC increased its stake in shares of AAON by 9.6% in the third quarter. FMR LLC now owns 1,729,498 shares of the construction company’s stock worth $186,509,000 after buying an additional 151,540 shares during the period. Finally, Geneva Capital Management LLC raised its holdings in AAON by 1.5% during the 3rd quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company’s stock valued at $183,135,000 after buying an additional 24,384 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other news, CFO Rebecca Thompson sold 5,000 shares of the business’s 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 sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stephen E. Wakefield sold 5,362 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the completion of the sale, the vice president now directly owns 4,558 shares in the company, 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 insiders.

Analysts Set New Price Targets

A number of research analysts have commented on AAON shares. Robert W. Baird lowered their price target on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research report on Friday. StockNews.com cut AAON from a “hold” rating to a “sell” rating in a research note on Friday. DA Davidson dropped their price target on AAON from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Friday. Finally, CJS Securities raised shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AAON currently has a consensus rating of “Moderate Buy” and an average price target of $115.50.

AAON Stock Down 2.3 %

Shares of NASDAQ:AAON opened at $76.80 on Friday. The firm has a market capitalization of $6.24 billion, a P/E ratio of 33.83 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. The stock has a 50 day moving average price of $116.69 and a 200-day moving average price of $114.00. AAON, Inc. has a 52-week low of $70.28 and a 52-week high of $144.07.

AAON Company 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.