AAON, Inc. $AAON Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. increased its stake in shares of AAON, Inc. (NASDAQ:AAON) by 105.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 19,675 shares of the construction company’s stock after purchasing an additional 10,112 shares during the period. Bessemer Group Inc.’s holdings in AAON were worth $1,838,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its position in shares of AAON by 273.8% during the third quarter. Hantz Financial Services Inc. now owns 871 shares of the construction company’s stock worth $81,000 after buying an additional 638 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of AAON by 12.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 328,432 shares of the construction company’s stock valued at $30,689,000 after buying an additional 36,721 shares during the period. Marco Investment Management LLC acquired a new position in AAON during the 3rd quarter worth about $244,000. Cornerstone Planning Group LLC purchased a new position in AAON during the 3rd quarter valued at about $124,000. Finally, WCM Investment Management LLC grew its position in AAON by 34.7% in the 3rd quarter. WCM Investment Management LLC now owns 281,288 shares of the construction company’s stock valued at $25,735,000 after acquiring an additional 72,506 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity at AAON

In other AAON news, EVP Stephen E. Wakefield purchased 4,141 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average cost of $77.59 per share, with a total value of $321,300.19. Following the completion of the acquisition, the executive vice president directly owned 15,212 shares of the company’s stock, valued at $1,180,299.08. This trade 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. Also, Director Gary D. Fields sold 3,553 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $105.14, for a total transaction of $373,562.42. Following the completion of the transaction, the director owned 26,340 shares in the company, valued at $2,769,387.60. This represents a 11.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 18.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on AAON. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of AAON from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. William Blair reissued an “outperform” rating on shares of AAON in a research report on Tuesday, December 30th. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, DA Davidson reiterated a “buy” rating and issued a $120.00 price objective on shares of AAON in a research note on Tuesday, February 3rd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, AAON currently has a consensus rating of “Moderate Buy” and an average price target of $107.60.

AAON Trading Up 3.8%

Shares of NASDAQ:AAON opened at $96.43 on Monday. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $116.04. The company’s 50 day moving average is $84.87 and its two-hundred day moving average is $88.65. The company has a market cap of $7.87 billion, a PE ratio of 79.69 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 (NASDAQ:AAON) last issued its earnings results on Thursday, November 6th. The construction company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. AAON had a net margin of 7.62% and a return on equity of 12.52%. The firm had revenue of $384.24 million during the quarter, compared to the consensus estimate of $337.20 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was up 17.4% compared to the same quarter last year. Equities analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

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.