Allworth Financial LP Has $36,000 Position in AAON, Inc. (NASDAQ:AAON)

Allworth Financial LP reduced its stake in AAON, Inc. (NASDAQ:AAON) by 31.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 307 shares of the construction company’s stock after selling 144 shares during the period. Allworth Financial LP’s holdings in AAON were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Congress Asset Management Co. bought a new position in AAON in the 4th quarter valued at approximately $289,000. New York State Teachers Retirement System raised its holdings in AAON by 6.6% in the 4th quarter. New York State Teachers Retirement System now owns 20,583 shares of the construction company’s stock valued at $2,422,000 after buying an additional 1,271 shares during the last quarter. MFG Wealth Management Inc. bought a new position in AAON in the 4th quarter valued at approximately $1,850,000. Van ECK Associates Corp raised its holdings in AAON by 34.5% in the 4th quarter. Van ECK Associates Corp now owns 66,044 shares of the construction company’s stock valued at $7,772,000 after buying an additional 16,933 shares during the last quarter. Finally, Legato Capital Management LLC raised its holdings in AAON by 22.8% in the 4th quarter. Legato Capital Management LLC now owns 11,055 shares of the construction company’s stock valued at $1,301,000 after buying an additional 2,055 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Stephen E. Wakefield sold 5,362 shares of the business’s 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 in the company, valued at approximately $597,052.42. The trade was a 54.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 value of $690,000.00. Following the completion of the sale, the chief financial officer now owns 17,297 shares in the company, valued at $2,386,986. This represents a 22.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AAON. DA Davidson raised their price objective on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Robert W. Baird raised their price objective on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, AAON currently has an average rating of “Moderate Buy” and an average price target of $133.00.

AAON Price Performance

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

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.