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

Louisiana State Employees Retirement System boosted its position in AAON, Inc. (NASDAQ:AAON) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,700 shares of the construction company’s stock after acquiring an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in AAON were worth $2,201,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AAON. Sanctuary Advisors LLC acquired a new position in AAON in the 2nd quarter worth $250,000. Exchange Traded Concepts LLC lifted its holdings in AAON by 50.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,176 shares of the construction company’s stock worth $127,000 after buying an additional 393 shares in the last quarter. Creative Planning lifted its holdings in AAON by 17.7% in the 3rd quarter. Creative Planning now owns 21,673 shares of the construction company’s stock worth $2,337,000 after buying an additional 3,252 shares in the last quarter. NBC Securities Inc. raised its stake in shares of AAON by 4.5% in the 3rd quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock valued at $388,000 after purchasing an additional 156 shares in the last quarter. Finally, Swedbank AB raised its stake in shares of AAON by 6.0% in the 3rd quarter. Swedbank AB now owns 177,000 shares of the construction company’s stock valued at $19,088,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity at AAON

In other AAON news, VP Stephen E. Wakefield sold 5,750 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the completion of the transaction, the vice president now owns 9,920 shares in the company, valued at approximately $1,387,411.20. This represents a 36.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Casey Kidwell sold 1,421 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $135.14, for a total transaction of $192,033.94. Following the completion of the transaction, the vice president now owns 4,953 shares of the company’s stock, valued at approximately $669,348.42. This trade represents a 22.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,533 shares of company stock valued at $2,388,597 in the last quarter. Insiders own 18.55% of the company’s stock.

AAON Price Performance

Shares of NASDAQ:AAON opened at $113.16 on Friday. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON, Inc. has a fifty-two week low of $70.28 and a fifty-two week high of $144.07. The firm has a 50-day simple moving average of $122.13 and a 200 day simple moving average of $112.96. The company has a market cap of $9.20 billion, a PE ratio of 49.85 and a beta of 0.87.

Analyst Upgrades and Downgrades

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

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.