Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,759 shares of the electronics maker’s stock after acquiring an additional 53,692 shares during the quarter. Northern Trust Corp owned about 1.22% of Advanced Energy Industries worth $52,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Advanced Energy Industries by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker’s stock worth $568,168,000 after purchasing an additional 69,908 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Advanced Energy Industries by 21.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker’s stock worth $89,565,000 after buying an additional 138,814 shares during the period. Norges Bank purchased a new stake in Advanced Energy Industries in the fourth quarter valued at approximately $68,949,000. Principal Financial Group Inc. boosted its holdings in shares of Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock valued at $50,920,000 after acquiring an additional 53,566 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Advanced Energy Industries by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker’s stock worth $53,204,000 after acquiring an additional 18,533 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AEIS has been the subject of a number of recent research reports. Citigroup increased their price target on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday. Stifel Nicolaus restated a “buy” rating and set a $130.00 price objective (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Robert W. Baird boosted their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Wells Fargo & Company reduced their price target on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Finally, StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.67.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock opened at $109.81 on Thursday. The firm has a market capitalization of $4.13 billion, a PE ratio of 76.79, a P/E/G ratio of 1.39 and a beta of 1.50. Advanced Energy Industries, Inc. has a 52 week low of $75.01 and a 52 week high of $132.16. The firm’s 50-day simple moving average is $98.13 and its 200 day simple moving average is $110.12. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. The business had revenue of $404.60 million for the quarter, compared to analyst estimates of $392.36 million. During the same period in the prior year, the business earned $0.58 earnings per share. The company’s quarterly revenue was up 23.5% on a year-over-year basis. On average, equities research analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Monday, May 26th will be given a $0.10 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. Advanced Energy Industries’s dividend payout ratio is currently 20.62%.

Insider Activity at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,600 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the sale, the director now owns 3,492 shares in the company, valued at $451,760.04. This trade represents a 31.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the transaction, the chief operating officer now owns 19,822 shares of the company’s stock, valued at $2,212,333.42. The trade was a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.