Savant Capital LLC Makes New $884,000 Investment in AAON, Inc. (NASDAQ:AAON)

Savant Capital LLC acquired a new position in AAON, Inc. (NASDAQ:AAON) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,511 shares of the construction company’s stock, valued at approximately $884,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. increased its stake in AAON by 521.6% in the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after buying an additional 193 shares in the last quarter. Blue Trust Inc. grew its position 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. UMB Bank n.a. raised its stake in AAON by 67.5% during the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock valued at $38,000 after purchasing an additional 131 shares during the period. Westside Investment Management Inc. purchased a new position in AAON in the 3rd quarter worth approximately $36,000. Finally, Empowered Funds LLC bought a new position in AAON in the 4th quarter worth approximately $42,000. 70.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AAON

In related news, VP Stephen E. Wakefield sold 5,362 shares of the stock in a transaction dated 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 $597,052.42. This represents a 54.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Casey Kidwell sold 1,421 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $135.14, for a total value of $192,033.94. Following the transaction, the vice president now owns 4,953 shares of the company’s stock, valued at $669,348.42. This trade represents a 22.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,533 shares of company stock worth $2,388,597 over the last ninety days. Company insiders own 18.55% of the company’s stock.

AAON Stock Up 0.3 %

Shares of NASDAQ:AAON opened at $113.16 on Friday. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 49.85 and a beta of 0.87. AAON, Inc. has a 12 month low of $70.28 and a 12 month high of $144.07. 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 company has a 50-day moving average price of $122.13 and a 200 day moving average price of $112.96.

Analysts Set New Price Targets

AAON has been the topic of several recent analyst reports. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Robert W. Baird boosted their price target on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, DA Davidson boosted their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.