Peregrine Capital Management LLC Takes Position in AAON, Inc. (NASDAQ:AAON)

Peregrine Capital Management LLC acquired a new position in shares of AAON, Inc. (NASDAQ:AAON) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 72,435 shares of the construction company’s stock, valued at approximately $8,524,000. Peregrine Capital Management LLC owned about 0.09% of AAON at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc increased its position in shares of AAON by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 2,454 shares of the construction company’s stock worth $289,000 after acquiring an additional 118 shares in the last quarter. Congress Asset Management Co. acquired a new stake in shares of AAON during the fourth quarter worth $289,000. New York State Teachers Retirement System grew its position in AAON by 6.6% during the fourth quarter. New York State Teachers Retirement System now owns 20,583 shares of the construction company’s stock worth $2,422,000 after buying an additional 1,271 shares in the last quarter. MFG Wealth Management Inc. acquired a new position in shares of AAON in the 4th quarter valued at approximately $1,850,000. Finally, Van ECK Associates Corp lifted its position in shares of AAON by 34.5% during the 4th 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 last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Transactions at AAON

In other AAON news, VP Stephen E. Wakefield sold 5,362 shares of AAON stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $130.99, for a total transaction of $702,368.38. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Rebecca Thompson sold 5,000 shares of the 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 sale, the chief financial officer now directly owns 17,297 shares of the company’s stock, valued at approximately $2,386,986. This trade represents a 22.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,112 shares of company stock worth $2,196,563 in the last quarter. 18.55% of the stock is currently owned by corporate insiders.

AAON Stock Up 0.3 %

Shares of NASDAQ:AAON opened at $113.16 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $121.81 and its 200 day moving average is $113.50. AAON, Inc. has a 12-month low of $70.28 and a 12-month high of $144.07. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 49.85 and a beta of 0.87.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Robert W. Baird raised their price objective on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. DA Davidson lifted their target price on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Sidoti cut AAON from a “buy” rating to a “neutral” rating and increased their price target for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Finally, Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. 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 stock. According to data from MarketBeat.com, AAON presently has a consensus rating of “Moderate Buy” and an average price target of $133.00.

AAON Company 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.