Fort Washington Investment Advisors Inc. OH Boosts Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Fort Washington Investment Advisors Inc. OH grew its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,556 shares of the electronics maker's stock after purchasing an additional 12,860 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.37% of Advanced Energy Industries worth $16,137,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Advanced Energy Industries by 535.3% during the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock valued at $25,000 after buying an additional 182 shares during the period. Huntington National Bank lifted its holdings in Advanced Energy Industries by 200.0% during the third quarter. Huntington National Bank now owns 312 shares of the electronics maker's stock worth $33,000 after buying an additional 208 shares during the period. Quantbot Technologies LP purchased a new position in shares of Advanced Energy Industries in the 3rd quarter valued at $41,000. Meeder Asset Management Inc. raised its position in shares of Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker's stock worth $48,000 after acquiring an additional 186 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Advanced Energy Industries during the 2nd quarter worth $87,000. 99.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AEIS has been the subject of a number of recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $145.00 target price on shares of Advanced Energy Industries in a report on Wednesday, January 15th. Benchmark restated a "buy" rating and set a $125.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Bank of America raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 target price on the stock in a research report on Monday, December 16th. Susquehanna decreased their price target on shares of Advanced Energy Industries from $103.00 to $92.00 and set a "neutral" rating for the company in a report on Friday, October 11th. Finally, Robert W. Baird boosted their price objective on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.89.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS traded down $0.85 during mid-day trading on Thursday, hitting $125.10. The company's stock had a trading volume of 151,422 shares, compared to its average volume of 245,896. The business's fifty day moving average is $117.09 and its two-hundred day moving average is $110.14. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 109.74, a PEG ratio of 4.06 and a beta of 1.46. Advanced Energy Industries, Inc. has a 1 year low of $89.11 and a 1 year high of $130.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The firm had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. During the same period last year, the company earned $1.12 earnings per share. Advanced Energy Industries's revenue for the quarter was down 8.7% compared to the same quarter last year. Analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Monday, November 25th. Advanced Energy Industries's dividend payout ratio is currently 35.09%.

Insider Activity at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the sale, the director now directly owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by company insiders.

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.