Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Channing Capital Management LLC

Channing Capital Management LLC lessened its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 732,697 shares of the electronics maker's stock after selling 16,264 shares during the quarter. Advanced Energy Industries comprises approximately 2.3% of Channing Capital Management LLC's holdings, making the stock its 14th biggest holding. Channing Capital Management LLC owned approximately 1.95% of Advanced Energy Industries worth $84,722,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AEIS. Nisa Investment Advisors LLC lifted its holdings in shares of Advanced Energy Industries by 1.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker's stock valued at $579,000 after acquiring an additional 85 shares in the last quarter. Integrated Investment Consultants LLC lifted its holdings in shares of Advanced Energy Industries by 2.2% during the 4th quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker's stock valued at $531,000 after acquiring an additional 100 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Advanced Energy Industries by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker's stock valued at $1,132,000 after acquiring an additional 102 shares in the last quarter. Heritage Family Offices LLP lifted its holdings in shares of Advanced Energy Industries by 6.1% during the 4th quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker's stock valued at $233,000 after acquiring an additional 116 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Advanced Energy Industries by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker's stock valued at $263,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

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Advanced Energy Industries Stock Up 4.5 %

Shares of AEIS traded up $4.58 during midday trading on Friday, hitting $106.19. The company had a trading volume of 144,943 shares, compared to its average volume of 224,751. The company's 50 day moving average price is $117.40 and its 200 day moving average price is $112.15. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 74.26, a PEG ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a 52 week low of $89.12 and a 52 week high of $132.16. 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 - Get Free Report) last posted its quarterly earnings results 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 net margin of 3.66% and a return on equity of 8.90%. On average, equities research analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Monday, February 24th. Advanced Energy Industries's dividend payout ratio (DPR) is presently 27.97%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AEIS shares. Robert W. Baird dropped 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 shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Benchmark reaffirmed a "buy" rating and set a $125.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $145.00 price target on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Finally, Stifel Nicolaus lifted their price target on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.56.

Insider Activity

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 19,822 shares of the company's stock, valued at $2,212,333.42. The trade was a 49.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lanesha Minnix sold 1,600 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the transaction, the director now directly owns 3,492 shares of the company's stock, valued at $451,760.04. The trade was a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Advanced Energy Industries Company 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.