Jefferies Group started coverage on shares of AAON Inc. (NASDAQ:AAON) in a research note released on Thursday. The brokerage issued a buy rating and a $30.00 price objective on the stock.

Separately, Zacks Investment Research cut shares of AAON from a buy rating to a hold rating in a research note on Wednesday, July 6th.

AAON (NASDAQ:AAON) traded up 0.51% during mid-day trading on Thursday, hitting $29.45. 14,408 shares of the stock traded hands. The stock has a market capitalization of $1.56 billion, a PE ratio of 30.97 and a beta of 1.30. AAON has a one year low of $19.06 and a one year high of $30.80. The company has a 50 day moving average price of $28.59 and a 200-day moving average price of $27.51.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, August 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company earned $102.30 million during the quarter, compared to analysts’ expectations of $98.03 million. AAON had a net margin of 13.54% and a return on equity of 27.11%. AAON’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 EPS. Equities analysts anticipate that AAON will post $1.00 earnings per share for the current fiscal year.

In related news, insider Rebecca Thompson sold 1,792 shares of AAON stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $28.00, for a total transaction of $50,176.00. Following the sale, the insider now directly owns 20,365 shares of the company’s stock, valued at approximately $570,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 24.91% of the company’s stock.

Several large investors have recently made changes to their positions in AAON. Eagle Asset Management Inc. raised its stake in shares of AAON by 1.8% in the third quarter. Eagle Asset Management Inc. now owns 77,058 shares of the company’s stock valued at $2,220,000 after buying an additional 1,394 shares during the period. Conestoga Capital Advisors LLC raised its stake in shares of AAON by 5.9% in the third quarter. Conestoga Capital Advisors LLC now owns 1,478,609 shares of the company’s stock valued at $42,614,000 after buying an additional 82,440 shares during the period. Macquarie Group Ltd. raised its stake in shares of AAON by 26.8% in the second quarter. Macquarie Group Ltd. now owns 929,789 shares of the company’s stock valued at $25,578,000 after buying an additional 196,664 shares during the period. Mason Street Advisors LLC bought a new stake in shares of AAON during the second quarter valued at about $214,000. Finally, Personal Capital Advisors Corp raised its stake in shares of AAON by 10.7% in the second quarter. Personal Capital Advisors Corp now owns 454,253 shares of the company’s stock valued at $12,497,000 after buying an additional 43,731 shares during the period. 58.68% of the stock is currently owned by institutional investors.

AAON Company Profile

AAON, Inc (AAON) is engaged in the manufacture and sale of air-conditioning and heating equipment. The Company’s products consist of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils.

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