Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,448 shares of the electronics maker's stock after buying an additional 17,551 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.41% of Advanced Energy Industries worth $17,859,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its holdings in shares of Advanced Energy Industries by 535.3% in the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 182 shares in the last quarter. Quantbot Technologies LP purchased a new position in Advanced Energy Industries in the third quarter valued at about $41,000. Venturi Wealth Management LLC purchased a new position in Advanced Energy Industries in the fourth quarter valued at about $74,000. Principal Securities Inc. raised its holdings in Advanced Energy Industries by 16.1% in the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker's stock worth $114,000 after purchasing an additional 137 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Advanced Energy Industries by 26.3% during the fourth 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 during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AEIS. Bank of America upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price objective for the company in a research note on Monday, December 16th. Citigroup raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and upped their price target for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Needham & Company LLC reissued a "buy" rating and issued a $145.00 price objective on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Stifel Nicolaus upped their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company lowered their price target on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Four investment 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 company. According to MarketBeat.com, Advanced Energy Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.56.

Insider Buying and Selling at Advanced Energy Industries

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries 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 directly owns 19,822 shares of the company's stock, valued at $2,212,333.42. The trade was a 49.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the director now directly owns 3,492 shares in the company, valued at $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. Company insiders own 1.20% of the company's stock.

Advanced Energy Industries Stock Performance

Shares of AEIS stock traded down $5.22 during mid-day trading on Friday, reaching $94.80. The stock had a trading volume of 654,301 shares, compared to its average volume of 234,212. The business's fifty day moving average is $113.80 and its 200-day moving average is $112.51. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 66.29, a PEG ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a 1-year low of $89.12 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 posted its quarterly 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%. On average, research analysts forecast that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current 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 given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries's dividend payout ratio is currently 27.97%.

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.