Vaughan Nelson Investment Management L.P. Sells 525,880 Shares of AAON, Inc. (NASDAQ:AAON)

Vaughan Nelson Investment Management L.P. trimmed its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 42.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 699,720 shares of the construction company's stock after selling 525,880 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.86% of AAON worth $82,343,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wasatch Advisors LP grew its position in shares of 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 holdings in AAON by 258.8% in the 3rd quarter. Franklin Resources Inc. now owns 330,397 shares of the construction company's stock valued at $37,014,000 after buying an additional 238,308 shares during the last quarter. FMR LLC lifted its holdings in shares of 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 last quarter. JPMorgan Chase & Co. increased 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 acquiring an additional 150,207 shares during the period. Finally, Victory Capital Management Inc. raised its stake in AAON by 75.7% during the 3rd quarter. Victory Capital Management Inc. now owns 344,620 shares of the construction company's stock valued at $37,164,000 after purchasing an additional 148,507 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

AAON Price Performance

Shares of AAON traded down $3.17 during mid-day trading on Wednesday, reaching $109.59. The company had a trading volume of 470,622 shares, compared to its average volume of 721,179. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The company has a market capitalization of $8.91 billion, a P/E ratio of 48.28 and a beta of 0.87. AAON, Inc. has a twelve month low of $70.28 and a twelve month high of $144.07. The company's 50-day moving average is $123.07 and its 200-day moving average is $112.78.

Insiders Place Their Bets

In related news, CEO Gary D. Fields sold 35,000 shares of AAON stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the transaction, the chief executive officer now directly owns 64,295 shares of the company's stock, valued at $8,488,868.85. The trade was a 35.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Casey Kidwell sold 1,421 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $135.14, for a total transaction of $192,033.94. Following the sale, the vice president now directly owns 4,953 shares in the company, valued at approximately $669,348.42. This represents a 22.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,533 shares of company stock worth $7,009,647 over the last three months. 18.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. 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 research report on Friday, November 8th. Baird R W raised AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Sidoti lowered AAON from a "buy" rating to a "neutral" rating and upped their target price for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Finally, Robert W. Baird lifted their price target on shares of AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Two investment 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.