Park Avenue Securities LLC Acquires 580 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Park Avenue Securities LLC boosted its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 17.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,853 shares of the electronics maker’s stock after buying an additional 580 shares during the period. Park Avenue Securities LLC’s holdings in Advanced Energy Industries were worth $446,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AEIS. Versant Capital Management Inc raised its stake in shares of Advanced Energy Industries by 535.3% during 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. Huntington National Bank boosted its position in Advanced Energy Industries by 200.0% in the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 208 shares in the last quarter. Quantbot Technologies LP purchased a new position in Advanced Energy Industries during the third quarter worth approximately $41,000. Meeder Asset Management Inc. grew its stake in Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 186 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Advanced Energy Industries in the second quarter worth approximately $87,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on AEIS shares. Robert W. Baird lifted their target price on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Citigroup upgraded 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 report on Monday, January 6th. Wells Fargo & Company upped their target price on Advanced Energy Industries from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Susquehanna lowered their price objective on shares of 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. Finally, TD Cowen dropped their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Moderate Buy” and an average price target of $126.89.

Advanced Energy Industries Stock Down 0.5 %

Shares of Advanced Energy Industries stock opened at $125.29 on Friday. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 109.90, a PEG ratio of 4.06 and a beta of 1.46. The stock’s 50-day moving average is $117.35 and its 200 day moving average is $110.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. Advanced Energy Industries, Inc. has a one year low of $89.11 and a one year high of $130.50.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The firm had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. During the same period last year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. Equities research analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid 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 0.32%. Advanced Energy Industries’s payout ratio is 35.09%.

Insider Buying and Selling

In other news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the transaction, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.

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.