Sanctuary Advisors LLC Invests $250,000 in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Sanctuary Advisors LLC acquired a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,301 shares of the electronics maker’s stock, valued at approximately $250,000.

Several other large investors have also modified their holdings of AEIS. Rise Advisors LLC acquired a new position in Advanced Energy Industries during the first quarter valued at approximately $25,000. GAMMA Investing LLC lifted its position in Advanced Energy Industries by 157.6% during the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after buying an additional 383 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Advanced Energy Industries during the second quarter valued at approximately $87,000. Hilltop National Bank lifted its position in Advanced Energy Industries by 13.4% during the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after buying an additional 116 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Advanced Energy Industries during the second quarter valued at approximately $109,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Energy Industries Stock Down 0.5 %

Shares of NASDAQ:AEIS opened at $110.47 on Friday. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $103.65 and a 200 day simple moving average of $104.18. The firm has a market cap of $4.14 billion, a PE ratio of 40.61, a price-to-earnings-growth ratio of 5.41 and a beta of 1.49. Advanced Energy Industries, Inc. has a 12-month low of $81.86 and a 12-month high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. The business had revenue of $364.95 million during the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The business’s revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 earnings per share. On average, equities research analysts anticipate that Advanced Energy Industries, Inc. will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 annualized dividend and a yield of 0.36%. Advanced Energy Industries’s payout ratio is 14.71%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AEIS. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. StockNews.com lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Susquehanna dropped their price objective on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Robert W. Baird assumed coverage on shares of Advanced Energy Industries in a research note on Friday, September 20th. They set an “outperform” rating and a $128.00 price objective on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Energy Industries has an average rating of “Hold” and a consensus target price of $113.11.

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.