Bessemer Group Inc. Raises Holdings in AAON, Inc. $AAON

Bessemer Group Inc. lifted its position in shares of AAON, Inc. (NASDAQ:AAON) by 105.7% during the third quarter, Holdings Channel reports. The firm owned 19,675 shares of the construction company’s stock after acquiring an additional 10,112 shares during the quarter. Bessemer Group Inc.’s holdings in AAON were worth $1,838,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Champlain Investment Partners LLC acquired a new position in AAON during the second quarter worth approximately $87,147,000. Copeland Capital Management LLC acquired a new position in shares of AAON in the 3rd quarter valued at $68,036,000. Norges Bank acquired a new position in shares of AAON in the 2nd quarter valued at $51,441,000. Grantham Mayo Van Otterloo & Co. LLC raised its position in AAON by 73.1% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 623,811 shares of the construction company’s stock valued at $46,006,000 after purchasing an additional 263,434 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its stake in AAON by 39.7% during the 2nd quarter. Mawer Investment Management Ltd. now owns 790,466 shares of the construction company’s stock worth $58,297,000 after purchasing an additional 224,494 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AAON

In other news, Director Gary D. Fields sold 26,746 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $105.21, for a total transaction of $2,813,946.66. Following the transaction, the director directly owned 26,340 shares of the company’s stock, valued at $2,771,231.40. This represents a 50.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen E. Wakefield acquired 4,141 shares of AAON stock in a transaction that occurred on Friday, December 12th. The stock was bought at an average price of $77.59 per share, with a total value of $321,300.19. Following the purchase, the executive vice president directly owned 15,212 shares of the company’s stock, valued at approximately $1,180,299.08. This trade represents a 37.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 18.55% of the company’s stock.

AAON Price Performance

Shares of AAON opened at $96.43 on Monday. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $84.87 and its two-hundred day moving average is $88.65. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $116.04. The firm has a market capitalization of $7.87 billion, a PE ratio of 79.69 and a beta of 1.11.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, November 6th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. AAON had a return on equity of 12.52% and a net margin of 7.62%.The business had revenue of $384.24 million during the quarter, compared to analysts’ expectations of $337.20 million. During the same period last year, the firm earned $0.63 EPS. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. Research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Zacks Research upgraded shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. DA Davidson reaffirmed a “buy” rating and set a $120.00 price objective on shares of AAON in a research note on Tuesday, February 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $115.00 price objective on shares of AAON in a research report on Friday, November 7th. Finally, William Blair reissued an “outperform” rating on shares of AAON in a report on Tuesday, December 30th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.60.

AAON Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.