New York State Teachers Retirement System Boosts Holdings in AAON, Inc. (NASDAQ:AAON)

New York State Teachers Retirement System lifted its stake in AAON, Inc. (NASDAQ:AAON) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,583 shares of the construction company’s stock after purchasing an additional 1,271 shares during the period. New York State Teachers Retirement System’s holdings in AAON were worth $2,422,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AAON. Mather Group LLC. lifted its position in AAON by 521.6% during the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock valued at $27,000 after acquiring an additional 193 shares during the period. Blue Trust Inc. raised its holdings in AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after buying an additional 198 shares during the last quarter. Westside Investment Management Inc. purchased a new position in AAON in the third quarter worth about $36,000. UMB Bank n.a. lifted its stake in shares of AAON by 67.5% in the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after buying an additional 131 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of AAON during the fourth quarter valued at approximately $42,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Stephen E. Wakefield sold 5,362 shares of the company’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 owns 4,558 shares of the company’s stock, valued at $597,052.42. This represents a 54.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock was 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 directly owns 17,297 shares in the company, valued at approximately $2,386,986. The trade was a 22.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,112 shares of company stock valued at $2,196,563 in the last ninety days. 18.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AAON. DA Davidson boosted their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Robert W. Baird boosted their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

AAON Trading Down 6.3 %

Shares of AAON stock opened at $103.63 on Friday. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 12-month low of $70.28 and a 12-month high of $144.07. The stock has a market capitalization of $8.42 billion, a P/E ratio of 45.65 and a beta of 0.87. The firm’s 50 day moving average is $120.19 and its 200 day moving average is $114.01.

AAON 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.