Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in Advanced Energy Industries, Inc. (NASDAQ:AEISGet Rating) by 25.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,534 shares of the electronics maker’s stock after selling 3,247 shares during the period. Commonwealth Equity Services LLC’s holdings in Advanced Energy Industries were worth $868,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Advanced Energy Industries by 27.7% in the 3rd quarter. Victory Capital Management Inc. now owns 1,522,647 shares of the electronics maker’s stock valued at $133,612,000 after buying an additional 329,988 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Advanced Energy Industries by 13.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 811,285 shares of the electronics maker’s stock valued at $71,190,000 after purchasing an additional 93,108 shares during the last quarter. Bamco Inc. NY raised its stake in Advanced Energy Industries by 21.0% in the 3rd quarter. Bamco Inc. NY now owns 496,048 shares of the electronics maker’s stock valued at $43,528,000 after purchasing an additional 86,048 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Advanced Energy Industries by 29.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 358,295 shares of the electronics maker’s stock valued at $32,626,000 after purchasing an additional 81,810 shares during the last quarter. Finally, Heartland Advisors Inc. raised its stake in Advanced Energy Industries by 118.7% in the 3rd quarter. Heartland Advisors Inc. now owns 109,365 shares of the electronics maker’s stock valued at $9,596,000 after purchasing an additional 59,365 shares during the last quarter. Institutional investors own 98.77% of the company’s stock.

Shares of Advanced Energy Industries stock opened at $77.11 on Friday. The company has a current ratio of 3.14, a quick ratio of 2.23 and a debt-to-equity ratio of 0.43. Advanced Energy Industries, Inc. has a 1 year low of $73.26 and a 1 year high of $120.95. The stock has a 50-day moving average price of $84.05 and a 200 day moving average price of $86.93. The company has a market cap of $2.90 billion, a P/E ratio of 21.91 and a beta of 1.64.

Advanced Energy Industries (NASDAQ:AEISGet Rating) last issued its quarterly earnings data on Wednesday, February 9th. The electronics maker reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.40. The business had revenue of $396.93 million for the quarter, compared to analyst estimates of $360.00 million. Advanced Energy Industries had a return on equity of 19.93% and a net margin of 9.25%. During the same quarter in the prior year, the firm posted $1.44 EPS. On average, equities analysts forecast that Advanced Energy Industries, Inc. will post 4.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 4th. Shareholders of record on Monday, February 21st were given a $0.10 dividend. The ex-dividend date was Thursday, February 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. Advanced Energy Industries’s dividend payout ratio is currently 11.36%.

Several research analysts recently weighed in on AEIS shares. Benchmark started coverage on shares of Advanced Energy Industries in a research note on Thursday, January 6th. They issued a “buy” rating and a $110.00 target price for the company. StockNews.com cut Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup lowered their price target on Advanced Energy Industries from $100.00 to $95.00 in a report on Thursday, February 10th. Finally, KeyCorp began coverage on Advanced Energy Industries in a report on Tuesday, January 25th. They issued an “overweight” rating and a $105.00 price target for the company. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Advanced Energy Industries currently has an average rating of “Buy” and a consensus price target of $106.00.

Advanced Energy Industries Profile (Get Rating)

Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

See Also

Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEISGet Rating).

Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.