Healthcare of Ontario Pension Plan Trust Fund Buys 2,562 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 8.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 34,578 shares of the electronics maker’s stock after purchasing an additional 2,562 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.09% of Advanced Energy Industries worth $3,766,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AEIS. Norges Bank bought a new position in shares of Advanced Energy Industries in the fourth quarter worth about $43,516,000. Peregrine Capital Management LLC bought a new position in shares of Advanced Energy Industries in the fourth quarter worth about $7,856,000. Moody Aldrich Partners LLC boosted its stake in shares of Advanced Energy Industries by 130.4% in the fourth quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock worth $3,571,000 after acquiring an additional 18,561 shares during the period. Seizert Capital Partners LLC boosted its stake in shares of Advanced Energy Industries by 71.2% in the fourth quarter. Seizert Capital Partners LLC now owns 28,479 shares of the electronics maker’s stock worth $3,102,000 after acquiring an additional 11,846 shares during the period. Finally, III Capital Management bought a new position in shares of Advanced Energy Industries in the third quarter worth about $897,000. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Trading Down 0.1 %

Shares of AEIS stock opened at $108.92 on Wednesday. Advanced Energy Industries, Inc. has a 1 year low of $81.86 and a 1 year high of $126.38. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.40. The stock’s 50 day simple moving average is $101.97 and its two-hundred day simple moving average is $102.35. The company has a market cap of $4.08 billion, a PE ratio of 40.04, a price-to-earnings-growth ratio of 5.22 and a beta of 1.53.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The company had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $351.74 million. During the same quarter last year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. Research analysts predict that Advanced Energy Industries, Inc. will post 2.33 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, May 27th were issued a $0.10 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Advanced Energy Industries’s payout ratio is 14.71%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AEIS. Benchmark reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research note on Tuesday, May 21st. Susquehanna dropped their price target on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Citigroup increased their price target on Advanced Energy Industries from $107.00 to $113.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Advanced Energy Industries presently has an average rating of “Hold” and an average target price of $108.86.

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.