Peregrine Capital Management LLC Invests $8.52 Million in AAON, Inc. (NASDAQ:AAON)

Peregrine Capital Management LLC acquired a new stake in AAON, Inc. (NASDAQ:AAON - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 72,435 shares of the construction company's stock, valued at approximately $8,524,000. Peregrine Capital Management LLC owned approximately 0.09% of AAON as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc increased its stake in AAON by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 2,454 shares of the construction company's stock valued at $289,000 after purchasing an additional 118 shares in the last quarter. Congress Asset Management Co. acquired a new position in shares of AAON during the fourth quarter valued at about $289,000. New York State Teachers Retirement System raised its holdings in shares of 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 valued at $2,422,000 after purchasing an additional 1,271 shares during the period. MFG Wealth Management Inc. acquired a new position in shares of AAON during the fourth quarter valued at about $1,850,000. Finally, Van ECK Associates Corp raised its holdings in shares of AAON by 34.5% during the fourth quarter. Van ECK Associates Corp now owns 66,044 shares of the construction company's stock valued at $7,772,000 after purchasing an additional 16,933 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

AAON Stock Down 6.3 %

Shares of AAON traded down $6.96 on Friday, reaching $103.63. The company's stock had a trading volume of 930,549 shares, compared to its average volume of 694,607. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a twelve month low of $70.28 and a twelve month high of $144.07. The stock has a market capitalization of $8.42 billion, a PE ratio of 45.65 and a beta of 0.87. The firm has a fifty day moving average of $120.19 and a 200-day moving average of $113.82.

Analyst Upgrades and Downgrades

AAON has been the topic of several research reports. Baird R W upgraded shares of AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. DA Davidson upped their price objective on shares of AAON from $102.00 to $150.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Robert W. Baird upped their price objective on shares of AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Two equities research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $133.00.

Insider Buying and Selling

In other AAON 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 completion of the sale, the vice president now owns 4,558 shares in the company, valued at approximately $597,052.42. This trade represents a 54.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Rebecca Thompson sold 5,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were 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 trade represents a 22.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,112 shares of company stock worth $2,196,563 in the last quarter. Insiders own 18.55% of the company's stock.

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.