Handelsbanken Fonder AB Lowers Stake in AAON, Inc. (NASDAQ:AAON)

Handelsbanken Fonder AB lessened its stake in shares of AAON, Inc. (NASDAQ:AAON) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,724 shares of the construction company’s stock after selling 1,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in AAON were worth $2,086,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of AAON by 28.4% during the 4th quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock worth $41,000 after acquiring an additional 84 shares in the last quarter. Captrust Financial Advisors grew its holdings in AAON by 1.0% in the third quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock worth $949,000 after purchasing an additional 89 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of AAON by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the construction company’s stock worth $2,201,000 after purchasing an additional 100 shares in the last quarter. Conway Capital Management Inc. lifted its holdings in shares of AAON by 4.0% during the 4th quarter. Conway Capital Management Inc. now owns 2,602 shares of the construction company’s stock valued at $306,000 after purchasing an additional 101 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of AAON by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,454 shares of the construction company’s stock worth $289,000 after purchasing an additional 118 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Trading Up 0.2 %

Shares of AAON stock opened at $100.29 on Wednesday. AAON, Inc. has a twelve month low of $70.28 and a twelve month high of $144.07. The firm’s 50-day moving average price is $118.93 and its 200 day moving average price is $114.40. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $8.15 billion, a PE ratio of 44.18 and a beta of 0.87.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Robert W. Baird raised 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 lifted their target price on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

Insider Transactions at AAON

In related news, VP Stephen E. Wakefield sold 5,362 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were 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 approximately $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 accessible through this link. 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 transaction of $690,000.00. Following the completion of the transaction, the chief financial officer now owns 17,297 shares in the company, valued at $2,386,986. The trade was a 22.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.55% of the company’s stock.

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.