Dana Investment Advisors Inc. reduced its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,328 shares of the electronics maker's stock after selling 3,399 shares during the quarter. Dana Investment Advisors Inc. owned about 0.16% of Advanced Energy Industries worth $6,976,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Arizona State Retirement System raised its stake in shares of Advanced Energy Industries by 1.3% during the fourth quarter. Arizona State Retirement System now owns 10,926 shares of the electronics maker's stock worth $1,263,000 after purchasing an additional 144 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Advanced Energy Industries during the fourth quarter worth approximately $3,971,000. M&T Bank Corp raised its stake in shares of Advanced Energy Industries by 99.9% during the fourth quarter. M&T Bank Corp now owns 25,564 shares of the electronics maker's stock worth $2,956,000 after purchasing an additional 12,774 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 purchasing an additional 18,533 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Advanced Energy Industries by 398.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the electronics maker's stock worth $122,000 after purchasing an additional 845 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.
Advanced Energy Industries Price Performance
Shares of AEIS stock traded up $3.68 during mid-day trading on Friday, reaching $109.67. The stock had a trading volume of 412,415 shares, compared to its average volume of 223,986. Advanced Energy Industries, Inc. has a 12-month low of $89.12 and a 12-month high of $132.16. The company has a market cap of $4.14 billion, a P/E ratio of 76.69, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. The business has a 50-day simple moving average of $118.04 and a 200 day simple moving average of $112.26. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts' consensus estimates 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, sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.
Advanced Energy Industries Announces Dividend
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries's payout ratio is currently 27.97%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Stifel Nicolaus upped their price target on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Citigroup upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Wells Fargo & Company cut their price objective 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. Bank of America upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price objective for the company in a research report on Monday, December 16th. Finally, Benchmark reiterated a "buy" rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Four investment 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 stock. According to data from MarketBeat.com, Advanced Energy Industries currently has a consensus rating of "Moderate Buy" and an average price target of $126.56.
Get Our Latest Stock Analysis on AEIS
Insider Activity at Advanced Energy Industries
In related news, Director Lanesha Minnix sold 1,600 shares of the 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 of the company's stock, valued at $451,760.04. This trade represents a 31.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the 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 sale, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.
Advanced Energy Industries Profile
(
Free Report)
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.
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