Envestnet Asset Management Inc. Acquires 36,721 Shares of AAON, Inc. $AAON

Envestnet Asset Management Inc. boosted its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 12.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 328,432 shares of the construction company’s stock after acquiring an additional 36,721 shares during the period. Envestnet Asset Management Inc. owned 0.40% of AAON worth $30,689,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Champlain Investment Partners LLC acquired a new stake in shares of AAON during the second quarter worth $87,147,000. Copeland Capital Management LLC acquired a new position in shares of AAON during the 3rd quarter worth about $68,036,000. Norges Bank bought a new stake in shares of AAON in the 2nd quarter valued at about $51,441,000. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of AAON by 73.1% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 623,811 shares of the construction company’s stock valued at $46,006,000 after acquiring an additional 263,434 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its position in shares of AAON by 39.7% in the 2nd quarter. Mawer Investment Management Ltd. now owns 790,466 shares of the construction company’s stock valued at $58,297,000 after acquiring an additional 224,494 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Trading Up 3.7%

AAON opened at $102.72 on Thursday. The stock has a market capitalization of $8.39 billion, a P/E ratio of 84.89 and a beta of 1.11. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $116.04. The firm’s fifty day simple moving average is $85.46 and its 200 day simple moving average is $89.00.

Insider Buying and Selling at AAON

In other news, EVP Stephen E. Wakefield acquired 4,141 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was acquired at an average cost of $77.59 per share, for a total transaction of $321,300.19. Following the completion of the acquisition, the executive vice president owned 15,212 shares in the company, valued at $1,180,299.08. This represents a 37.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 18.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AAON has been the subject of a number of analyst reports. William Blair restated an “outperform” rating on shares of AAON in a report on Tuesday, December 30th. Wall Street Zen lowered shares of AAON from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. DA Davidson restated a “buy” rating and issued a $120.00 price objective on shares of AAON in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. Finally, Oppenheimer restated an “outperform” rating and issued a $115.00 price target on shares of AAON in a report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $107.60.

About AAON

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.