Wealth Enhancement Advisory Services LLC Boosts Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,065 shares of the electronics maker’s stock after buying an additional 569 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Advanced Energy Industries were worth $323,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AEIS. The Manufacturers Life Insurance Company increased its position in Advanced Energy Industries by 22.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after purchasing an additional 118,328 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Advanced Energy Industries by 7.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 82,345 shares of the electronics maker’s stock worth $8,956,000 after purchasing an additional 5,930 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after purchasing an additional 199,578 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Advanced Energy Industries by 3.6% during the third quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker’s stock worth $19,244,000 after buying an additional 6,217 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position 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 valued at $50,920,000 after buying an additional 53,566 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $121.16 on Friday. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 106.28, a price-to-earnings-growth ratio of 3.77 and a beta of 1.46. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $128.70. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The stock’s 50-day moving average is $116.47 and its 200-day moving average is $109.74.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 EPS. Equities analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. Advanced Energy Industries’s payout ratio is 35.09%.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now directly owns 5,092 shares of the company’s stock, valued at $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Susquehanna lowered their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a research note on Wednesday. Robert W. Baird raised their price target on Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.89.

Advanced Energy Industries Company 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.