Gibraltar Capital Management Inc. Sells 397 Shares of AAON, Inc. (NASDAQ:AAON)

Gibraltar Capital Management Inc. reduced its stake in AAON, Inc. (NASDAQ:AAON) by 14.9% during the 4th quarter, Holdings Channel reports. The firm owned 2,272 shares of the construction company’s stock after selling 397 shares during the period. Gibraltar Capital Management Inc.’s holdings in AAON were worth $267,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. grew its holdings in AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after purchasing an additional 198 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in AAON during the 3rd quarter worth $233,000. Private Advisor Group LLC bought a new position in AAON during the third quarter worth about $251,000. State of Alaska Department of Revenue grew its stake in AAON by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 7,865 shares of the construction company’s stock valued at $848,000 after acquiring an additional 530 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in shares of AAON by 1.0% during the 3rd quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock valued at $2,083,000 after purchasing an additional 200 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AAON

In other news, VP Stephen E. Wakefield sold 5,362 shares of AAON stock in a transaction dated Friday, December 13th. The shares were 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. This trade represents a 54.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Rebecca Thompson sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 17,297 shares of the company’s stock, valued at approximately $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.

Analyst Ratings Changes

AAON has been the subject of several research analyst reports. Robert W. Baird upped their price target on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. DA Davidson upped 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 equities research 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $133.00.

AAON Price Performance

Shares of NASDAQ AAON opened at $100.29 on Wednesday. AAON, Inc. has a fifty-two week low of $70.28 and a fifty-two week high of $144.07. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 44.18 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The business has a 50-day moving average of $118.93 and a 200-day moving average of $114.40.

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.