State of New Jersey Common Pension Fund D Cuts Stock Holdings in AAON, Inc. (NASDAQ:AAON)

State of New Jersey Common Pension Fund D lowered its position in AAON, Inc. (NASDAQ:AAON) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 26,532 shares of the construction company’s stock after selling 837 shares during the period. State of New Jersey Common Pension Fund D’s holdings in AAON were worth $3,122,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, VP Stephen E. Wakefield sold 5,362 shares of the firm’s stock in a transaction 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rebecca Thompson sold 5,000 shares of AAON stock in a transaction 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 transaction, the chief financial officer now owns 17,297 shares of the company’s stock, valued at approximately $2,386,986. This trade represents a 22.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,112 shares of company stock worth $2,196,563 over the last quarter. 18.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Robert W. Baird raised their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, DA Davidson boosted their target price on shares of AAON from $102.00 to $150.00 and gave the company 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $133.00.

AAON Stock Down 0.6 %

AAON stock opened at $114.11 on Thursday. AAON, Inc. has a fifty-two week low of $70.28 and a fifty-two week high of $144.07. The stock has a fifty day moving average of $121.16 and a 200-day moving average of $113.71. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 50.27 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06.

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.