AAON, Inc. $AAON Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of AAON, Inc. (NASDAQ:AAON) by 17.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,186,585 shares of the construction company’s stock after selling 257,353 shares during the period. JPMorgan Chase & Co. owned 1.45% of AAON worth $110,875,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D raised its position in shares of AAON by 8.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 26,283 shares of the construction company’s stock valued at $2,456,000 after buying an additional 2,081 shares during the period. Ameritas Advisory Services LLC acquired a new stake in AAON during the third quarter worth $91,000. CBIZ Investment Advisory Services LLC purchased a new stake in AAON in the third quarter valued at $26,000. Savvy Advisors Inc. purchased a new stake in AAON in the third quarter valued at $438,000. Finally, Impax Asset Management Group plc lifted its stake in shares of AAON by 56.0% in the 3rd quarter. Impax Asset Management Group plc now owns 916,047 shares of the construction company’s stock valued at $84,730,000 after purchasing an additional 328,751 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AAON

In related news, EVP Stephen E. Wakefield acquired 4,141 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was acquired at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the purchase, the executive vice president owned 15,212 shares of the company’s stock, valued at $1,180,299.08. This represents a 37.40% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AAON has been the subject of a number of recent analyst reports. Oppenheimer reiterated an “outperform” rating and set a $115.00 price target on shares of AAON in a research report on Friday, November 7th. Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. William Blair restated an “outperform” rating on shares of AAON in a research report on Tuesday, December 30th. Finally, DA Davidson reiterated a “buy” rating and issued a $120.00 price objective on shares of AAON in a report on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.60.

AAON Stock Performance

Shares of AAON stock opened at $102.30 on Monday. The firm has a 50 day moving average of $88.03 and a two-hundred day moving average of $90.02. The stock has a market capitalization of $8.35 billion, a PE ratio of 84.55 and a beta of 1.11. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $116.04.

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.