AAON, Inc. (NASDAQ:AAON) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its stake in AAON, Inc. (NASDAQ:AAON - Free Report) by 34.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,044 shares of the construction company's stock after acquiring an additional 16,933 shares during the quarter. Van ECK Associates Corp owned about 0.08% of AAON worth $7,772,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Wasatch Advisors LP grew its stake in AAON by 39.1% in the third quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company's stock valued at $201,310,000 after purchasing an additional 525,132 shares during the last quarter. Franklin Resources Inc. grew its position in shares of AAON by 258.8% in the 3rd quarter. Franklin Resources Inc. now owns 330,397 shares of the construction company's stock worth $37,014,000 after buying an additional 238,308 shares during the last quarter. FMR LLC raised its stake in shares of AAON by 9.6% during the 3rd 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. lifted its position in AAON by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock valued at $351,615,000 after acquiring an additional 150,207 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in AAON by 75.7% during the third quarter. Victory Capital Management Inc. now owns 344,620 shares of the construction company's stock valued at $37,164,000 after acquiring an additional 148,507 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

AAON Stock Performance

Shares of AAON traded down $6.96 during trading hours on Friday, reaching $103.63. 930,549 shares of the company traded hands, compared to its average volume of 694,607. 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 has a fifty day moving average price of $120.19 and a 200-day moving average price of $113.82. AAON, Inc. has a 12-month low of $70.28 and a 12-month high of $144.07. The stock has a market capitalization of $8.42 billion, a P/E ratio of 45.65 and a beta of 0.87.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AAON. DA Davidson upped their price target on AAON from $102.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Baird R W upgraded AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. Finally, Robert W. Baird increased 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 equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $133.00.

Insider Transactions at AAON

In other AAON news, VP Stephen E. Wakefield sold 5,362 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rebecca Thompson sold 5,000 shares of AAON 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 transaction, the chief financial officer now owns 17,297 shares of the company's stock, valued at $2,386,986. The trade was 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 over the last three months. 18.55% of the stock is currently owned by insiders.

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.