Northern Trust Corp Raises Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Northern Trust Corp raised its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 457,759 shares of the electronics maker's stock after buying an additional 53,692 shares during the quarter. Northern Trust Corp owned about 1.22% of Advanced Energy Industries worth $52,931,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Nisa Investment Advisors LLC increased its stake in shares of Advanced Energy Industries by 1.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker's stock worth $579,000 after acquiring an additional 85 shares during the last quarter. Integrated Investment Consultants LLC increased its position in Advanced Energy Industries by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker's stock worth $531,000 after purchasing an additional 100 shares during the last quarter. Heritage Family Offices LLP raised its stake in Advanced Energy Industries by 6.1% during the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker's stock worth $233,000 after purchasing an additional 116 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Advanced Energy Industries by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,916 shares of the electronics maker's stock valued at $453,000 after purchasing an additional 124 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Advanced Energy Industries by 61.6% in the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock valued at $41,000 after buying an additional 135 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Up 1.5 %

Shares of NASDAQ AEIS traded up $1.64 during mid-day trading on Friday, hitting $112.20. The company had a trading volume of 265,224 shares, compared to its average volume of 261,995. The company has a market capitalization of $4.22 billion, a PE ratio of 78.46, a price-to-earnings-growth ratio of 1.39 and a beta of 1.50. The business's 50-day simple moving average is $98.29 and its 200 day simple moving average is $110.20. Advanced Energy Industries, Inc. has a 1-year low of $75.01 and a 1-year high of $132.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.26. Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. The company had revenue of $404.60 million for the quarter, compared to analyst estimates of $392.36 million. During the same quarter last year, the company earned $0.58 EPS. Advanced Energy Industries's revenue for the quarter was up 23.5% compared to the same quarter last year. On average, analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Monday, May 26th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Friday, May 23rd. Advanced Energy Industries's dividend payout ratio is presently 20.62%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Needham & Company LLC lowered their price objective on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Robert W. Baird increased their price target on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Stifel Nicolaus restated a "buy" rating and issued a $130.00 price objective (down from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Citigroup increased their price objective on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, StockNews.com raised Advanced Energy Industries from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Four equities research 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, Advanced Energy Industries has an average rating of "Moderate Buy" and an average price target of $124.67.

Insider Activity

In related news, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the transaction, the director now owns 3,492 shares of the company's stock, valued at $451,760.04. This represents a 31.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the sale, the chief operating officer now directly owns 19,822 shares of the company's stock, valued at $2,212,333.42. This trade represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

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.