Amalgamated Bank Acquires 237 Shares of AAON, Inc. (NASDAQ:AAON)

Amalgamated Bank increased its stake in AAON, Inc. (NASDAQ:AAON) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,957 shares of the construction company’s stock after acquiring an additional 237 shares during the quarter. Amalgamated Bank’s holdings in AAON were worth $4,114,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Mather Group LLC. grew its holdings in 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 purchasing an additional 193 shares during the period. Blue Trust Inc. boosted its position in shares of 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 in the last quarter. UMB Bank n.a. grew its stake in shares of AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock valued at $38,000 after buying an additional 131 shares during the period. Westside Investment Management Inc. bought a new stake in AAON in the 3rd quarter valued at about $36,000. Finally, Empowered Funds LLC acquired a new position in AAON during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on AAON shares. DA Davidson reduced their price objective on AAON from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Friday. CJS Securities raised shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Friday. StockNews.com downgraded shares of AAON from a “hold” rating to a “sell” rating in a report on Friday. Finally, Robert W. Baird dropped their price objective on shares of AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.50.

Insiders Place Their Bets

In related news, CFO Rebecca Thompson sold 5,000 shares of the 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 sale, the chief financial officer now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the transaction, the vice president now directly owns 4,558 shares in the company, valued at approximately $597,052.42. This represents a 54.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.55% of the company’s stock.

AAON Trading Down 2.3 %

Shares of AAON stock opened at $76.80 on Friday. The company has a market capitalization of $6.24 billion, a P/E ratio of 33.83 and a beta of 0.87. The stock has a fifty day simple moving average of $117.63 and a 200 day simple moving average of $114.07. AAON, Inc. has a 12-month low of $70.28 and a 12-month high of $144.07. 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 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.