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

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

Several other equities analysts also recently issued reports on AAON. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. DA Davidson reiterated a “buy” rating and issued a $120.00 price target on shares of AAON in a report on Tuesday, February 3rd. Oppenheimer reissued an “outperform” rating and set a $115.00 price target on shares of AAON in a research note on Friday, November 7th. Finally, William Blair restated an “outperform” rating on shares of AAON in a report on Tuesday, December 30th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $107.60.

AAON Trading Down 0.6%

AAON stock opened at $101.04 on Friday. The stock has a 50-day moving average price of $86.02 and a 200 day moving average price of $89.22. AAON has a 52 week low of $62.00 and a 52 week high of $116.04. The stock has a market cap of $8.25 billion, a PE ratio of 83.50 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.

Insider Activity

In other news, EVP Stephen E. Wakefield acquired 4,141 shares of the company’s stock in a transaction dated 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 acquisition, the executive vice president directly owned 15,212 shares in the company, valued at approximately $1,180,299.08. This represents a 37.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 18.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AAON

Institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in AAON by 512.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock worth $442,896,000 after purchasing an additional 3,966,088 shares in the last quarter. Franklin Resources Inc. increased its position in shares of AAON by 8,956.4% in the fourth quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock worth $93,231,000 after acquiring an additional 1,209,205 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of AAON in the second quarter worth $87,147,000. First Trust Advisors LP raised its stake in shares of AAON by 136.4% in the 3rd quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock valued at $180,675,000 after acquiring an additional 1,115,566 shares during the period. Finally, Copeland Capital Management LLC purchased a new position in shares of AAON in the 3rd quarter valued at $68,036,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.