Natixis Advisors LLC Has $3.08 Million Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Natixis Advisors LLC lifted its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 21.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,638 shares of the electronics maker's stock after purchasing an additional 4,666 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Advanced Energy Industries worth $3,080,000 as of its most recent SEC filing.

A number of 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 position in shares of Advanced Energy Industries in the 3rd quarter valued at $12,306,000. Raymond James Financial Inc. acquired a new position in Advanced Energy Industries in the 4th quarter worth $9,864,000. Wealthfront Advisers LLC acquired a new stake in Advanced Energy Industries during the 4th quarter valued at approximately $8,002,000. Principal Financial Group Inc. increased its stake in shares of Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker's stock worth $50,920,000 after buying an additional 53,566 shares during the last quarter. Finally, Sora Investors LLC bought a new position in shares of Advanced Energy Industries during the third quarter worth about $4,736,000. Hedge funds and other institutional investors own 99.67% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Bank of America raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target for the company in a report on Monday, December 16th. Citigroup upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $110.00 to $138.00 in a research report on Monday, January 6th. Wells Fargo & Company lowered 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 note on Thursday, February 13th. Robert W. Baird cut their target price on Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Finally, Needham & Company LLC restated a "buy" rating and set a $145.00 price target on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.56.

Remove Ads

Advanced Energy Industries Price Performance

NASDAQ AEIS traded down $2.99 on Wednesday, reaching $105.12. 298,618 shares of the stock traded hands, compared to its average volume of 224,485. 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 $3.98 billion, a price-to-earnings ratio of 73.51, a P/E/G ratio of 1.39 and a beta of 1.43. The firm's fifty day simple moving average is $115.04 and its 200 day simple moving average is $112.39. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) 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, research analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were issued a $0.10 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Advanced Energy Industries's dividend payout ratio is currently 27.97%.

Insider Activity

In related news, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the transaction, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

About Advanced Energy Industries

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.