Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 90.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,685 shares of the electronics maker’s stock after buying an additional 63,625 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.33% of Advanced Energy Industries worth $37,675,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of AEIS. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Advanced Energy Industries in the 2nd quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Advanced Energy Industries during the 1st quarter worth about $29,000. Fortitude Family Office LLC boosted its position in Advanced Energy Industries by 286.2% during the 3rd quarter. Fortitude Family Office LLC now owns 112 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 83 shares during the period. Root Financial Partners LLC boosted its position in Advanced Energy Industries by 33.3% during the 1st quarter. Root Financial Partners LLC now owns 108 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 27 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new position in Advanced Energy Industries during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Trading Down 5.4%
Shares of NASDAQ AEIS opened at $260.77 on Thursday. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 48.65 and a beta of 1.31. The business has a 50 day simple moving average of $287.42 and a 200 day simple moving average of $317.40. Advanced Energy Industries, Inc. has a 52 week low of $184.85 and a 52 week high of $397.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.94 and a current ratio of 3.79.
Advanced Energy Industries Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, August 24th. Advanced Energy Industries’s payout ratio is currently 7.46%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on AEIS. Bank of America upped their target price on Advanced Energy Industries from $430.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. TD Cowen increased their price target on shares of Advanced Energy Industries from $350.00 to $370.00 and gave the stock a “hold” rating in a research report on Tuesday, August 4th. Citigroup restated a “buy” rating on shares of Advanced Energy Industries in a report on Monday, September 28th. Susquehanna boosted their price objective on shares of Advanced Energy Industries from $430.00 to $535.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. Finally, Zacks Research raised shares of Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Advanced Energy Industries has an average rating of “Moderate Buy” and a consensus price target of $409.50.
View Our Latest Analysis on AEIS
Insider Buying and Selling at Advanced Energy Industries
In other news, COO Eduardo Acebedo sold 24,771 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $315.48, for a total transaction of $7,814,755.08. Following the transaction, the chief operating officer owned 23,109 shares in the company, valued at $7,290,427.32. This represents a 51.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Elizabeth Vonne sold 908 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $332.68, for a total transaction of $302,073.44. Following the transaction, the executive vice president owned 10,712 shares in the company, valued at $3,563,668.16. This represents a 7.81% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 27,218 shares of company stock worth $8,562,008. 1.30% of the stock is currently owned by company insiders.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc (NASDAQ: AEIS) designs and manufactures precision power-conversion, measurement and control technologies. Its products help customers generate, convert, deliver and manage electrical power with high levels of efficiency, reliability and accuracy.
The company’s offerings include AC-DC and DC-DC power supplies, high-voltage power systems, radio-frequency power products, power-control equipment and precision measurement instruments. These products are used in semiconductor and electronics manufacturing equipment, industrial and medical applications, telecommunications, data centers, renewable energy systems and other demanding environments.
Founded in 1981, Advanced Energy serves a global customer base through operations and sales activities across North America, Europe and Asia.
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