Clean Energy Transition LLP Invests $47.98 Million in AAON, Inc. $AAON

Clean Energy Transition LLP acquired a new position in AAON, Inc. (NASDAQ:AAON) during the third quarter, HoldingsChannel.com reports. The fund acquired 513,442 shares of the construction company’s stock, valued at approximately $47,976,000. AAON makes up about 3.5% of Clean Energy Transition LLP’s portfolio, making the stock its 10th biggest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAON. CBIZ Investment Advisory Services LLC purchased a new position in shares of AAON during the 3rd quarter worth $26,000. EverSource Wealth Advisors LLC increased its stake in shares of AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in AAON by 59.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after purchasing an additional 141 shares during the period. Huntington National Bank lifted its position in AAON by 27.0% during the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after purchasing an additional 121 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in AAON during the second quarter valued at about $53,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on AAON. DA Davidson reaffirmed 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 upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. William Blair reaffirmed an “outperform” rating on shares of AAON in a report on Tuesday, December 30th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Finally, Oppenheimer restated an “outperform” rating and set a $115.00 price objective on shares of AAON in a research report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, AAON currently has a consensus rating of “Moderate Buy” and an average price target of $107.00.

AAON Trading Up 2.3%

AAON stock opened at $101.20 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $116.04. The business has a 50 day simple moving average of $90.49 and a two-hundred day simple moving average of $90.67. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 83.64 and a beta of 1.11.

Insider Buying and Selling at AAON

In related news, EVP Stephen E. Wakefield bought 4,141 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was bought at an average cost of $77.59 per share, with a total value of $321,300.19. Following the completion of the purchase, the executive vice president owned 15,212 shares of the company’s stock, valued at approximately $1,180,299.08. The trade was a 37.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 18.70% of the company’s stock.

AAON Company 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.