Blue Trust Inc. Has $88,000 Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Blue Trust Inc. lifted its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2,150.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 810 shares of the electronics maker’s stock after purchasing an additional 774 shares during the period. Blue Trust Inc.’s holdings in Advanced Energy Industries were worth $88,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Earnest Partners LLC grew its stake in Advanced Energy Industries by 13.5% in the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after buying an additional 199,578 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Advanced Energy Industries by 22.4% during the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after acquiring an additional 118,328 shares during the period. Bank of New York Mellon Corp grew its position in shares of Advanced Energy Industries by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock valued at $58,754,000 after purchasing an additional 102,659 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Advanced Energy Industries by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after purchasing an additional 73,028 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Advanced Energy Industries in the second quarter worth about $6,873,000. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Price Performance

Shares of AEIS stock opened at $111.01 on Wednesday. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. The company has a market cap of $4.18 billion, a P/E ratio of 46.25, a P/E/G ratio of 5.41 and a beta of 1.49. Advanced Energy Industries, Inc. has a twelve month low of $81.86 and a twelve month high of $119.75. The business has a fifty day simple moving average of $104.07 and a 200 day simple moving average of $104.69.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, topping the consensus estimate of $0.71 by $0.14. The business had revenue of $364.95 million for the quarter, compared to the consensus estimate of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The firm’s revenue was down 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. On average, sell-side analysts forecast that Advanced Energy Industries, Inc. will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were paid a $0.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. Advanced Energy Industries’s dividend payout ratio is currently 16.67%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AEIS shares. Benchmark reaffirmed a “buy” rating and set a $117.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. 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 report on Friday, October 11th. Stifel Nicolaus initiated coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price for the company. Citigroup lowered Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a research note on Monday, July 15th. Finally, TD Cowen raised their price objective on Advanced Energy Industries from $100.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.