Allworth Financial LP Sells 144 Shares of AAON, Inc. (NASDAQ:AAON)

Allworth Financial LP cut its stake in shares of AAON, Inc. (NASDAQ:AAON) by 31.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 307 shares of the construction company’s stock after selling 144 shares during the period. Allworth Financial LP’s holdings in AAON were worth $36,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in shares of AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of AAON during the third quarter worth about $233,000. Private Advisor Group LLC purchased a new position in shares of AAON during the third quarter worth about $251,000. State of Alaska Department of Revenue grew its holdings in shares of AAON by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 7,865 shares of the construction company’s stock worth $848,000 after purchasing an additional 530 shares in the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of AAON by 1.0% during the third quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock worth $2,083,000 after purchasing an additional 200 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on AAON shares. DA Davidson boosted their price objective on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Robert W. Baird upped their target price on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Two investment 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $133.00.

Insiders Place Their Bets

In other news, CFO Rebecca Thompson sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $138.00, for a total transaction 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 approximately $2,386,986. This represents a 22.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stephen E. Wakefield sold 5,362 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $130.99, for a total value of $702,368.38. Following the sale, the vice president now directly owns 4,558 shares of the company’s stock, valued at approximately $597,052.42. This trade represents a 54.05 % decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is owned by insiders.

AAON Stock Up 0.2 %

Shares of AAON opened at $100.29 on Wednesday. The firm has a market cap of $8.15 billion, a P/E ratio of 44.18 and a beta of 0.87. The stock has a 50 day simple moving average of $118.93 and a two-hundred day simple moving average of $114.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. AAON, Inc. has a 1 year low of $70.28 and a 1 year high of $144.07.

About AAON

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.