AAON, Inc. $AAON Shares Sold by Aberdeen Group plc

Aberdeen Group plc cut its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 24.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 125,596 shares of the construction company’s stock after selling 40,301 shares during the quarter. Aberdeen Group plc owned about 0.15% of AAON worth $11,657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC purchased a new position in shares of AAON during the 3rd quarter worth about $91,000. CBIZ Investment Advisory Services LLC acquired a new position in AAON during the third quarter worth approximately $26,000. Savvy Advisors Inc. acquired a new position in AAON during the third quarter worth approximately $438,000. Impax Asset Management Group plc raised its stake in AAON by 56.0% during the third quarter. Impax Asset Management Group plc now owns 916,047 shares of the construction company’s stock worth $84,730,000 after purchasing an additional 328,751 shares during the period. Finally, Krilogy Financial LLC acquired a new position in shares of AAON in the 3rd quarter valued at $649,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Down 1.2%

AAON stock opened at $101.02 on Friday. The company has a fifty day simple moving average of $87.54 and a 200 day simple moving average of $89.77. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $116.04. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42. The company has a market cap of $8.25 billion, a P/E ratio of 83.49 and a beta of 1.11.

Insider Buying and Selling

In other AAON news, EVP Stephen E. Wakefield purchased 4,141 shares of the stock in a transaction on Friday, December 12th. The shares were purchased at an average price of $77.59 per share, with a total value of $321,300.19. Following the completion of the transaction, the executive vice president directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 18.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AAON shares. DA Davidson restated a “buy” rating and set a $120.00 price objective on shares of AAON in a report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. William Blair restated an “outperform” rating on shares of AAON in a report on Tuesday, December 30th. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Oppenheimer reiterated an “outperform” rating and set a $115.00 target price on shares of AAON in a report on Friday, November 7th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, AAON has a consensus rating of “Moderate Buy” and a consensus price target 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.