AAON, Inc. (NASDAQ:AAON) Shares Acquired by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI grew its holdings in AAON, Inc. (NASDAQ:AAON) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,323 shares of the construction company’s stock after acquiring an additional 792 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in AAON were worth $1,686,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AAON. Wasatch Advisors LP boosted its holdings in AAON by 39.1% in the third quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company’s stock worth $201,310,000 after acquiring an additional 525,132 shares in the last quarter. Franklin Resources Inc. boosted its holdings in AAON by 258.8% in the third quarter. Franklin Resources Inc. now owns 330,397 shares of the construction company’s stock worth $37,014,000 after acquiring an additional 238,308 shares in the last quarter. FMR LLC boosted its holdings in AAON by 9.6% in the third quarter. FMR LLC now owns 1,729,498 shares of the construction company’s stock worth $186,509,000 after acquiring an additional 151,540 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of AAON by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock worth $351,615,000 after purchasing an additional 150,207 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of AAON by 75.7% in the third quarter. Victory Capital Management Inc. now owns 344,620 shares of the construction company’s stock worth $37,164,000 after purchasing an additional 148,507 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Down 3.1 %

Shares of AAON stock opened at $110.59 on Friday. The stock has a 50 day moving average of $120.75 and a 200 day moving average of $113.69. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The stock has a market cap of $8.99 billion, a P/E ratio of 48.72 and a beta of 0.87. AAON, Inc. has a twelve month low of $70.28 and a twelve month high of $144.07.

Analyst Ratings Changes

Several brokerages have recently issued reports on AAON. Robert W. Baird raised their price objective on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. DA Davidson raised their price objective on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.00.

Insider Activity at AAON

In other news, VP Stephen E. Wakefield sold 5,750 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.86, for a total value of $804,195.00. Following the completion of the sale, the vice president now directly owns 9,920 shares in the company, valued at $1,387,411.20. The trade was a 36.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Rebecca Thompson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total value of $690,000.00. Following the completion of the sale, the chief financial officer now owns 17,297 shares of the company’s stock, valued at $2,386,986. This trade represents a 22.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,112 shares of company stock worth $2,196,563. 18.55% of the stock is owned by corporate insiders.

AAON Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.