CenterBook Partners LP Invests $984,000 in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

CenterBook Partners LP purchased a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,512 shares of the electronics maker's stock, valued at approximately $984,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc increased its stake in shares of Advanced Energy Industries by 535.3% in the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock valued at $25,000 after purchasing an additional 182 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Advanced Energy Industries by 61.6% in the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock worth $41,000 after acquiring an additional 135 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Advanced Energy Industries during the fourth quarter worth $74,000. Blue Trust Inc. lifted its holdings in Advanced Energy Industries by 26.3% during the fourth quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker's stock valued at $108,000 after purchasing an additional 213 shares in the last quarter. Finally, Principal Securities Inc. grew its position in shares of Advanced Energy Industries by 16.1% in the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker's stock valued at $114,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 99.67% of the company's stock.

Insider Activity at Advanced Energy Industries

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the sale, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction that occurred 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 completion of the transaction, the director now owns 3,492 shares of the company's stock, valued at $451,760.04. This represents a 31.42 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Advanced Energy Industries Trading Up 0.5 %

AEIS traded up $0.42 on Thursday, hitting $85.99. The company had a trading volume of 98,241 shares, compared to its average volume of 250,692. The company's fifty day moving average price is $105.08 and its 200 day moving average price is $110.98. Advanced Energy Industries, Inc. has a 1 year low of $75.01 and a 1 year high of $132.16. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.26 billion, a P/E ratio of 60.18, a PEG ratio of 1.39 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. As a group, equities analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries's payout ratio is 27.97%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Robert W. Baird decreased their price target on shares of Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price target on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Needham & Company LLC restated a "buy" rating and issued a $145.00 price objective on shares of Advanced Energy Industries in a report on Thursday, February 13th. Citigroup upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and increased their target price for the company from $110.00 to $138.00 in a research report on Monday, January 6th. Finally, Stifel Nicolaus boosted their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $126.56.

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.