AAON, Inc. (NASDAQ:AAON) Shares Purchased by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI lifted its position in AAON, Inc. (NASDAQ:AAON) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,323 shares of the construction company’s stock after acquiring an additional 792 shares during the period. Arcadia Investment Management Corp MI’s holdings in AAON were worth $1,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. boosted its stake in shares of AAON by 521.6% in the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after acquiring an additional 193 shares during the last quarter. Blue Trust Inc. boosted its stake in AAON by 202.0% during 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. UMB Bank n.a. boosted its stake 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 buying an additional 131 shares during the last quarter. Westside Investment Management Inc. acquired a new position in AAON during the third quarter worth $36,000. Finally, Empowered Funds LLC acquired a new position in AAON during the fourth quarter worth $42,000. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Price Performance

NASDAQ:AAON opened at $110.59 on Friday. AAON, Inc. has a 52 week low of $70.28 and a 52 week high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $8.99 billion, a P/E ratio of 48.72 and a beta of 0.87. The stock’s fifty day moving average is $120.75 and its two-hundred day moving average is $113.69.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. DA Davidson boosted their price objective on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Robert W. Baird boosted their price objective 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 research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $133.00.

Insider Buying and Selling at AAON

In related news, VP Stephen E. Wakefield sold 5,362 shares of the business’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 sale, the vice president now owns 4,558 shares in the company, valued at approximately $597,052.42. The trade was a 54.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rebecca Thompson sold 5,000 shares of the business’s 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 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 position. The disclosure for this sale can be found here. Insiders have 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.

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.