Impax Asset Management Group plc Has $84.73 Million Stake in AAON, Inc. $AAON

Impax Asset Management Group plc lifted its position in shares of AAON, Inc. (NASDAQ:AAON) by 56.0% during the third quarter, Holdings Channel.com reports. The firm owned 916,047 shares of the construction company’s stock after buying an additional 328,751 shares during the quarter. Impax Asset Management Group plc’s holdings in AAON were worth $84,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AAON. EverSource Wealth Advisors LLC grew its holdings in AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after buying an additional 164 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of AAON during the second quarter worth $26,000. Jones Financial Companies Lllp lifted its holdings in shares of AAON by 59.5% during the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after buying an additional 141 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of AAON in the second quarter valued at about $53,000. Finally, Hantz Financial Services Inc. grew its stake in shares of AAON by 273.8% in the third quarter. Hantz Financial Services Inc. now owns 871 shares of the construction company’s stock valued at $81,000 after acquiring an additional 638 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Price Performance

AAON stock opened at $99.03 on Wednesday. The company’s 50-day moving average price is $85.18 and its two-hundred day moving average price is $88.91. The firm has a market cap of $8.08 billion, a P/E ratio of 81.84 and a beta of 1.11. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $116.04.

Insiders Place Their Bets

In other AAON news, EVP Stephen E. Wakefield bought 4,141 shares of AAON stock in a transaction on Friday, December 12th. The shares were purchased at an average price of $77.59 per share, with a total value of $321,300.19. Following the acquisition, the executive vice president owned 15,212 shares in the company, valued at $1,180,299.08. This trade represents a 37.40% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 18.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on AAON. DA Davidson reiterated a “buy” rating and issued a $120.00 price objective on shares of AAON in a research note on Tuesday, February 3rd. Wall Street Zen cut shares of AAON from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. William Blair reiterated an “outperform” rating on shares of AAON in a research note on Tuesday, December 30th. Finally, Oppenheimer reissued an “outperform” rating and set a $115.00 price target on shares of AAON in a research report on Friday, November 7th. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.