Savant Capital LLC Invests $884,000 in AAON, Inc. (NASDAQ:AAON)

Savant Capital LLC acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,511 shares of the construction company’s stock, valued at approximately $884,000.

Several other large investors also recently added to or reduced their stakes in the stock. Mather Group LLC. raised its stake in shares of AAON by 521.6% during the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock valued at $27,000 after acquiring an additional 193 shares in the last quarter. Blue Trust Inc. increased 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 period. Westside Investment Management Inc. bought a new stake in AAON during the 3rd quarter valued at $36,000. UMB Bank n.a. lifted its holdings 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 worth $38,000 after buying an additional 131 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of AAON during the 4th quarter worth $42,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on AAON shares. Robert W. Baird upped their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and upped their price target for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, DA Davidson boosted their price objective on shares of AAON from $102.00 to $150.00 and gave the stock 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 a consensus rating of “Moderate Buy” and an average price target of $133.00.

AAON Stock Up 0.3 %

Shares of AAON stock opened at $113.16 on Friday. 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 cap of $9.20 billion, a P/E ratio of 49.85 and a beta of 0.87. The firm’s 50 day moving average price is $122.13 and its 200-day moving average price is $112.96. AAON, Inc. has a 52-week low of $70.28 and a 52-week high of $144.07.

Insiders Place Their Bets

In related news, VP Casey Kidwell sold 1,421 shares of AAON stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $135.14, for a total value of $192,033.94. Following the completion of the sale, the vice president now directly owns 4,953 shares in the company, valued at $669,348.42. This trade represents a 22.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Stephen E. Wakefield sold 5,362 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $130.99, for a total transaction of $702,368.38. Following the transaction, the vice president now owns 4,558 shares in the company, valued at $597,052.42. The trade was a 54.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,533 shares of company stock valued at $2,388,597. 18.55% of the stock is currently owned by 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.