M&T Bank Corp Has $2.96 Million Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

M&T Bank Corp increased its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 99.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,564 shares of the electronics maker's stock after buying an additional 12,774 shares during the period. M&T Bank Corp owned 0.07% of Advanced Energy Industries worth $2,956,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, Director Lanesha Minnix sold 1,600 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the transaction, the director now directly owns 3,492 shares of the company's stock, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the business's stock in a transaction 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 sale, the chief operating officer now directly owns 19,822 shares in the company, valued at $2,212,333.42. The trade was a 49.34 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock opened at $109.67 on Friday. Advanced Energy Industries, Inc. has a 52 week low of $89.12 and a 52 week high of $132.16. The company's 50 day moving average price is $118.04 and its two-hundred day moving average price is $112.23. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The stock has a market cap of $4.14 billion, a P/E ratio of 76.69, a P/E/G ratio of 1.39 and a beta of 1.43.

Remove Ads

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its 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%. On average, equities analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries's dividend payout ratio (DPR) is 27.97%.

Analysts Set New Price Targets

A number of research firms have issued reports on AEIS. Citigroup upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and lifted their price target for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Stifel Nicolaus lifted their price target on Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a research note 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 target for the company in a research note on Monday, December 16th. Wells Fargo & Company cut their price target on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Finally, Benchmark reiterated a "buy" rating and set a $125.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $126.56.

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.

Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.