Blue Trust Inc. Acquires 213 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Blue Trust Inc. boosted its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 26.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,023 shares of the electronics maker’s stock after acquiring an additional 213 shares during the period. Blue Trust Inc.’s holdings in Advanced Energy Industries were worth $108,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AEIS. Geode Capital Management LLC lifted its holdings in Advanced Energy Industries by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock worth $93,094,000 after purchasing an additional 15,030 shares in the last quarter. Principal Financial Group Inc. increased its stake in Advanced Energy Industries by 12.4% in the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after acquiring an additional 53,566 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in shares of Advanced Energy Industries by 6.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 403,679 shares of the electronics maker’s stock valued at $42,483,000 after acquiring an additional 23,395 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Advanced Energy Industries by 3.6% in the 3rd 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 during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Advanced Energy Industries by 10.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker’s stock valued at $16,137,000 after acquiring an additional 12,860 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Stock Down 0.7 %

Shares of AEIS stock opened at $113.10 on Friday. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $130.50. The stock’s 50-day simple moving average is $117.58 and its 200-day simple moving average is $110.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The firm has a market capitalization of $4.26 billion, a PE ratio of 99.21, a P/E/G ratio of 3.66 and a beta of 1.45.

Insider Activity

In related 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 transaction of $111,720.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AEIS shares. Robert W. Baird upped their price objective on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company increased their price target on Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Monday, December 16th. Benchmark reissued a “buy” rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Four 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.89.

About Advanced Energy Industries

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.