Savant Capital LLC Acquires Shares of 7,511 AAON, Inc. (NASDAQ:AAON)

Savant Capital LLC purchased a new stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,511 shares of the construction company's stock, valued at approximately $884,000.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in AAON by 28.4% during the 4th quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock valued at $41,000 after purchasing an additional 84 shares during the period. Captrust Financial Advisors increased its holdings in AAON by 1.0% during the 3rd quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company's stock valued at $949,000 after purchasing an additional 89 shares during the period. Conway Capital Management Inc. increased its holdings in AAON by 4.0% during the 4th quarter. Conway Capital Management Inc. now owns 2,602 shares of the construction company's stock valued at $306,000 after purchasing an additional 101 shares during the period. UMB Bank n.a. increased its holdings 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. Finally, NBC Securities Inc. increased its holdings in AAON by 4.5% during the 3rd quarter. NBC Securities Inc. now owns 3,601 shares of the construction company's stock valued at $388,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

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 transaction of $702,368.38. Following the completion of the transaction, the vice president now 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 Securities & Exchange Commission, which is available at 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 transaction, the chief financial officer now directly owns 17,297 shares of the company's stock, valued at $2,386,986. This trade represents a 22.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,112 shares of company stock valued at $2,196,563. Company insiders own 18.55% of the company's stock.

Analysts Set New Price Targets

AAON has been the topic of several research reports. Sidoti cut 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. Baird R W raised AAON from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 28th. Robert W. Baird upped their price objective on AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, DA Davidson upped their price objective on AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, AAON has an average rating of "Moderate Buy" and an average target price of $133.00.

AAON Price Performance

AAON stock traded up $0.82 during mid-day trading on Tuesday, hitting $113.98. The stock had a trading volume of 153,381 shares, compared to its average volume of 683,679. The firm has a market capitalization of $9.26 billion, a P/E ratio of 50.21 and a beta of 0.87. 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 firm's 50 day moving average is $121.81 and its 200 day moving average is $113.50. AAON, Inc. has a one year low of $70.28 and a one year high of $144.07.

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.