StockNews.com Downgrades AAON (NASDAQ:AAON) to Sell

AAON (NASDAQ:AAON) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

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

AAON Stock Down 2.3 %

NASDAQ:AAON opened at $76.80 on Friday. 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 cap of $6.24 billion, a PE ratio of 33.83 and a beta of 0.87. AAON has a 52-week low of $70.28 and a 52-week high of $144.07. The stock has a 50-day simple moving average of $116.69 and a 200 day simple moving average of $114.00.

Insider Activity

In other news, VP Stephen E. Wakefield sold 5,362 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $130.99, for a total value of $702,368.38. Following the completion of the sale, the vice president now directly owns 4,558 shares of the company’s stock, valued at $597,052.42. This trade represents a 54.05 % decrease in their ownership of the stock. The transaction was disclosed in a 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.

Institutional Trading of AAON

Several hedge funds have recently added to or reduced their stakes in AAON. Mather Group LLC. lifted its holdings in AAON by 521.6% during the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after purchasing an additional 193 shares during the last quarter. Blue Trust Inc. lifted its holdings in AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares during the last quarter. Twin Tree Management LP acquired a new stake in AAON during the 4th quarter worth approximately $33,000. Westside Investment Management Inc. acquired a new stake in AAON during the 3rd quarter worth approximately $36,000. Finally, Quarry LP lifted its holdings in AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company’s stock worth $37,000 after purchasing an additional 103 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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.