Loomis Sayles & Co. L P Sells 19,446 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Loomis Sayles & Co. L P decreased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 647,060 shares of the electronics maker's stock after selling 19,446 shares during the quarter. Loomis Sayles & Co. L P owned 1.72% of Advanced Energy Industries worth $74,820,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Versant Capital Management Inc raised its position in Advanced Energy Industries by 535.3% in the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock worth $25,000 after purchasing an additional 182 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Advanced Energy Industries in the 3rd quarter worth approximately $41,000. Venturi Wealth Management LLC bought a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $74,000. Blue Trust Inc. boosted its stake in Advanced Energy Industries by 26.3% in the 4th quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker's stock valued at $108,000 after buying an additional 213 shares in the last quarter. Finally, Principal Securities Inc. grew its position in 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 acquiring an additional 137 shares during the period. 99.67% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of brokerages have issued reports on AEIS. Citigroup raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $110.00 to $138.00 in a report on Monday, January 6th. Wells Fargo & Company reduced 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 report on Thursday, February 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $145.00 price objective on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Bank of America upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 target price for the company in a research note on Monday, December 16th. Finally, Stifel Nicolaus raised their price target on Advanced Energy Industries from $130.00 to $135.00 and gave the company 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $126.56.

Insider Buying and Selling

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the business'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 completion of the transaction, the chief operating officer now owns 19,822 shares in the company, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the sale, the director now owns 3,492 shares in the company, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Advanced Energy Industries Trading Down 1.1 %

Advanced Energy Industries stock traded down $1.09 during mid-day trading on Monday, hitting $93.71. The stock had a trading volume of 57,368 shares, compared to its average volume of 233,528. The stock has a market capitalization of $3.55 billion, a PE ratio of 65.50, a P/E/G ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a 12 month low of $89.12 and a 12 month 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 stock has a 50-day simple moving average of $113.80 and a two-hundred day simple moving average of $112.51.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued 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 return on equity of 8.90% and a net margin of 3.66%. As a group, sell-side analysts forecast that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. Advanced Energy Industries's dividend payout ratio is currently 27.97%.

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.