State of New Jersey Common Pension Fund D Has $3.12 Million Position in AAON, Inc. (NASDAQ:AAON)

State of New Jersey Common Pension Fund D lessened its stake in AAON, Inc. (NASDAQ:AAON) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,532 shares of the construction company’s stock after selling 837 shares during the period. State of New Jersey Common Pension Fund D’s holdings in AAON were worth $3,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Congress Asset Management Co. bought a new stake in AAON in the fourth quarter valued at approximately $289,000. New York State Teachers Retirement System boosted its stake in shares of AAON by 6.6% in the 4th quarter. New York State Teachers Retirement System now owns 20,583 shares of the construction company’s stock valued at $2,422,000 after purchasing an additional 1,271 shares during the last quarter. MFG Wealth Management Inc. acquired a new stake in shares of AAON during the fourth quarter worth $1,850,000. Van ECK Associates Corp increased its position in shares of AAON by 34.5% during the fourth quarter. Van ECK Associates Corp now owns 66,044 shares of the construction company’s stock worth $7,772,000 after buying an additional 16,933 shares during the period. Finally, Legato Capital Management LLC lifted its holdings in AAON by 22.8% in the fourth quarter. Legato Capital Management LLC now owns 11,055 shares of the construction company’s stock valued at $1,301,000 after buying an additional 2,055 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Rebecca Thompson sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $138.00, for a total value of $690,000.00. Following the sale, the chief financial officer now owns 17,297 shares in the company, valued at $2,386,986. This represents a 22.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Stephen E. Wakefield sold 5,750 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.86, for a total transaction of $804,195.00. Following the completion of the transaction, the vice president now directly owns 9,920 shares in the company, valued at approximately $1,387,411.20. The trade was a 36.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,112 shares of company stock worth $2,196,563. Corporate insiders own 18.55% of the company’s stock.

AAON Stock Performance

Shares of AAON opened at $114.11 on Thursday. AAON, Inc. has a one year low of $70.28 and a one year high of $144.07. The company has a market cap of $9.27 billion, a PE ratio of 50.27 and a beta of 0.87. The stock has a 50-day moving average of $121.16 and a 200-day moving average of $113.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AAON shares. DA Davidson increased their price target on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Robert W. Baird boosted their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AAON presently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

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.