Rockefeller Capital Management L.P. Reduces Stake in AAON,
June 30, 2023
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Rockefeller Capital Management L.P. recently announced that it has reduced its stake in AAON ($NASDAQ:AAON), Inc, a leading manufacturer of heating and air conditioning equipment and related products. AAON is a publicly traded company on the NASDAQ and has seen its stock price steadily increase over the past few years. The company has a strong presence in the HVAC industry and continues to diversify its product offering. It has been able to capitalize on the growing demand for energy efficient and high-performance air conditioning systems and related products.
In addition, its strategic acquisitions and investments have further bolstered its position in the market. AAON’s products are used in a wide range of commercial and residential applications and are available through distributors, contractors, and dealers. The company is well-positioned to capitalize on the current growth in the industry and continue to expand its presence in North America and other international markets. Overall, the recent move by Rockefeller Capital Management L.P. to reduce its stake in AAON reflects the confidence of large investors in the company’s long-term prospects.
Stock Price
On Monday, AAON, Inc. experienced a slight increase of 0.3% in share prices as the stock opened at $95.0 and closed at $95.6, compared to the prior closing price of 95.3. This increase in stock price came as Rockefeller Capital Management L.P. reduced their stake in the company. Rockefeller Capital Management L.P. sold off a portion of their holdings, indicating that they had less confidence in the stock. Despite this, AAON shares experienced a slight increase in stock prices. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aaon. AAON“>More…
| Total Revenues | Net Income | Net Margin |
| 971.97 | 119.13 | 12.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aaon. AAON“>More…
| Operations | Investing | Financing |
| 72.94 | -90.77 | 14.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aaon. AAON“>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 867.91 | 258.5 | 11.24 |
Key Ratios Snapshot
Some of the financial key ratios for Aaon are shown below. AAON“>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.4% | 20.7% | 15.3% |
| FCF Margin | ROE | ROA |
| -1.9% | 15.9% | 10.7% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of AAON‘s wellbeing. Our Risk Rating analysis indicates that AAON is a high risk investment, both financially and from a business perspective. We have detected two risk warnings in AAON’s income sheet that are non-financial in nature. To find out more details about these warnings, become a registered user on our platform. With our risk analysis capabilities, you can make more informed decisions when investing in any company. More…
Peers
The competition between AAON Inc and its competitors is fierce. Each company is trying to get a leg up on the other by offering better products and services. Kyoritsu Air Tech Inc, Harbin Air Conditioning Co Ltd, and Zhejiang Langdi Group Co Ltd are all major players in the industry, and they are all constantly innovating to stay ahead of the competition.
– Kyoritsu Air Tech Inc ($TSE:5997)
Kyoritsu Air Tech Inc has a market cap of 2.25B as of 2022, a Return on Equity of 4.9%. The company is engaged in the manufacture and sale of air conditioning equipment and related products. The company’s products are used in a variety of industries, including commercial, industrial, and residential. Kyoritsu Air Tech’s products are sold through a network of distributors and dealers in Japan and overseas.
– Harbin Air Conditioning Co Ltd ($SHSE:600202)
Harbin Air Conditioning Co Ltd is a Chinese company that manufactures air conditioners. The company has a market capitalization of 1.97 billion as of 2022 and a return on equity of 4.63%. The company’s products are sold in over 60 countries and regions. Harbin Air Conditioning Co Ltd is a publicly traded company listed on the Shenzhen Stock Exchange.
– Zhejiang Langdi Group Co Ltd ($SHSE:603726)
Zhejiang Langdi Group Co Ltd is a Chinese company that manufactures and sells construction materials. The company has a market cap of 2.88 billion as of 2022 and a return on equity of 7.03%. The company’s products include concrete, bricks, tiles, and other building materials.
Summary
Rockefeller Capital Management L.P. recently reduced its stake in AAON, Inc., a leading manufacturer of air conditioning and heating products. An analysis of the company’s performance reveals that AAON’s stock has been on an uptrend for the past few months and its revenue has been increasing steadily. In addition, the company has seen robust growth in its operations and has been expanding rapidly. It is also noteworthy that the company has a strong balance sheet with little debt. As such, current shareholders may be pleased with the overall outlook of the company.
However, investors should carefully analyze the company’s future prospects before making any investment decisions.
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