Hardman Johnston Global Advisors LLC Trims Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Hardman Johnston Global Advisors LLC lowered its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 120,525 shares of the electronics maker's stock after selling 3,125 shares during the quarter. Hardman Johnston Global Advisors LLC owned about 0.32% of Advanced Energy Industries worth $13,936,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AEIS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Advanced Energy Industries during the 3rd quarter worth $12,306,000. Principal Financial Group Inc. grew its holdings in shares of Advanced Energy Industries by 12.4% during the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker's stock worth $50,920,000 after purchasing an additional 53,566 shares during the last quarter. Sora Investors LLC purchased a new position in shares of Advanced Energy Industries during the third quarter worth about $4,736,000. Southernsun Asset Management LLC acquired a new stake in shares of Advanced Energy Industries during the third quarter worth about $3,575,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Advanced Energy Industries in the 3rd quarter valued at about $3,153,000. Institutional investors and hedge funds own 99.67% of the company's stock.

Advanced Energy Industries Stock Performance

Shares of NASDAQ:AEIS traded down $6.97 during midday trading on Thursday, hitting $116.43. The stock had a trading volume of 248,392 shares, compared to its average volume of 301,502. The company has a market capitalization of $4.39 billion, a PE ratio of 81.42, a P/E/G ratio of 1.39 and a beta of 1.45. The stock has a 50 day moving average price of $118.74 and a two-hundred day moving average price of $112.00. Advanced Energy Industries, Inc. has a 1 year low of $89.11 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.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings data 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 return on equity of 8.90% and a net margin of 3.66%. As a group, equities analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Monday, February 24th. Advanced Energy Industries's dividend payout ratio is currently 27.97%.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the sale, the director now owns 3,492 shares of the company's stock, valued at approximately $451,760.04. This represents a 31.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AEIS has been the topic of a number of research reports. Benchmark restated a "buy" rating and set a $125.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Bank of America upgraded 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. TD Cowen reduced their price target on shares of Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating for the company in a research report on Thursday, October 31st. StockNews.com upgraded shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a research note on Monday, November 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $126.56.

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.