Allspring Global Investments Holdings LLC Trims Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Allspring Global Investments Holdings LLC reduced its stake in AAON, Inc. (NASDAQ:AAON - Free Report) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 315,236 shares of the construction company's stock after selling 60,263 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.39% of AAON worth $37,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AAON. Wasatch Advisors LP lifted its position in AAON by 39.1% during the third quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company's stock worth $201,310,000 after buying an additional 525,132 shares during the period. Franklin Resources Inc. lifted its position in AAON by 258.8% during the third 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 period. FMR LLC lifted its position in AAON by 9.6% during the third quarter. FMR LLC now owns 1,729,498 shares of the construction company's stock worth $186,509,000 after buying an additional 151,540 shares during the period. 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 worth $351,615,000 after buying an additional 150,207 shares during the period. 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 worth $37,164,000 after buying an additional 148,507 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. DA Davidson increased 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. Baird R W upgraded AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. Sidoti lowered AAON from a "buy" rating to a "neutral" rating and upped their price target for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Finally, Robert W. Baird upped their price target on AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $133.00.

Insider Activity

In related news, CFO Rebecca Thompson sold 5,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $138.00, for a total value of $690,000.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 16,112 shares of company stock worth $2,196,563. 18.55% of the stock is currently owned by corporate insiders.

AAON Stock Up 0.3 %

Shares of AAON stock traded up $0.38 during trading hours on Tuesday, reaching $113.54. The company had a trading volume of 210,135 shares, compared to its average volume of 684,946. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON, Inc. has a twelve month low of $70.28 and a twelve month high of $144.07. The company has a market capitalization of $9.23 billion, a P/E ratio of 50.02 and a beta of 0.87. The stock's fifty day simple moving average is $121.81 and its 200 day simple moving average is $113.50.

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.