AAON (NASDAQ:AAON) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of AAON (NASDAQ:AAON) from a hold rating to a sell rating in a research note released on Friday morning.

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

AAON Trading Down 2.3 %

Shares of NASDAQ:AAON opened at $76.80 on Friday. AAON has a 12-month low of $70.28 and a 12-month high of $144.07. The business’s fifty day simple moving average is $117.63 and its 200-day simple moving average is $114.07. The company has a market capitalization of $6.24 billion, a PE ratio of 33.83 and a beta of 0.87. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07.

Insiders Place Their Bets

In other AAON news, CFO Rebecca Thompson sold 5,000 shares of AAON stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $138.00, for a total transaction of $690,000.00. Following the completion of the sale, the chief financial officer now owns 17,297 shares of the company’s stock, valued at approximately $2,386,986. The trade was a 22.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Stephen E. Wakefield sold 5,362 shares of AAON 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 sale, the vice president now directly owns 4,558 shares of the company’s stock, valued at approximately $597,052.42. This represents a 54.05 % decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AAON

Several institutional investors and hedge funds have recently modified their holdings of AAON. Mather Group LLC. lifted its holdings in shares of AAON by 521.6% in the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock valued at $27,000 after buying an additional 193 shares during the period. Blue Trust Inc. lifted its holdings in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after buying an additional 198 shares during the period. Twin Tree Management LP acquired a new position in shares of AAON in the 4th quarter valued at about $33,000. Westside Investment Management Inc. acquired a new position in shares of AAON in the 3rd quarter valued at about $36,000. Finally, Quarry LP lifted its holdings in shares of AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company’s stock valued at $37,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

About AAON

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.