Wall Street Zen Upgrades AAON (NASDAQ:AAON) to “Hold”

AAON (NASDAQ:AAON) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Sidoti raised shares of AAON from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Monday, June 16th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AAON currently has a consensus rating of “Buy” and an average target price of $111.50.

AAON Trading Down 2.7%

Shares of AAON stock opened at $80.52 on Friday. AAON has a 1 year low of $68.98 and a 1 year high of $144.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 2.77. The company has a market capitalization of $6.55 billion, a P/E ratio of 42.38 and a beta of 0.94. The company’s fifty day moving average is $78.96 and its two-hundred day moving average is $89.12.

Insider Buying and Selling at AAON

In other news, Director Gordon Douglas Wichman sold 21,302 shares of AAON stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total value of $2,225,632.96. Following the sale, the director owned 8,754 shares of the company’s stock, valued at $914,617.92. The trade was a 70.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.70% of the stock is currently owned by insiders.

Institutional Trading of AAON

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rakuten Securities Inc. boosted its holdings in AAON by 613.3% during the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company’s stock worth $25,000 after buying an additional 276 shares in the last quarter. Versant Capital Management Inc boosted its holdings in AAON by 652.3% during the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company’s stock worth $26,000 after buying an additional 287 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in AAON during the second quarter worth about $26,000. Quarry LP boosted its holdings in AAON by 49.0% during the fourth quarter. Quarry LP now owns 313 shares of the construction company’s stock worth $37,000 after buying an additional 103 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in AAON by 81.2% during the first quarter. UMB Bank n.a. now owns 589 shares of the construction company’s stock worth $46,000 after buying an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

About AAON

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.