Advanced Energy Industries, Inc. (NASDAQ:AEIS) Stake Cut by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC lessened its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 424,501 shares of the electronics maker's stock after selling 46,656 shares during the period. Advanced Energy Industries comprises 1.8% of Aristotle Capital Boston LLC's portfolio, making the stock its 11th largest position. Aristotle Capital Boston LLC owned 1.13% of Advanced Energy Industries worth $49,085,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Advanced Energy Industries during the fourth quarter worth $68,949,000. The Manufacturers Life Insurance Company raised its stake in Advanced Energy Industries by 21.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock worth $89,565,000 after acquiring an additional 138,814 shares during the period. Raymond James Financial Inc. bought a new position in Advanced Energy Industries in the fourth quarter worth about $9,864,000. Southernsun Asset Management LLC lifted its holdings in Advanced Energy Industries by 240.5% in the fourth quarter. Southernsun Asset Management LLC now owns 115,668 shares of the electronics maker's stock worth $13,375,000 after acquiring an additional 81,697 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Advanced Energy Industries by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker's stock valued at $568,168,000 after acquiring an additional 69,908 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Energy Industries

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction on 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 completion of the transaction, the chief operating officer now owns 19,822 shares in the company, valued at $2,212,333.42. This trade represents a 49.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the sale, the director now owns 3,492 shares in the company, valued at approximately $451,760.04. The trade was a 31.42 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Advanced Energy Industries Price Performance

NASDAQ:AEIS traded up $2.36 during midday trading on Thursday, hitting $112.17. 110,512 shares of the stock were exchanged, compared to its average volume of 260,548. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 78.44, a P/E/G ratio of 1.39 and a beta of 1.50. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. Advanced Energy Industries, Inc. has a one year low of $75.01 and a one year high of $132.16. The business has a 50-day moving average price of $98.13 and a two-hundred day moving average price of $110.12.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, topping 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 the consensus estimate of $392.36 million. During the same quarter in the previous year, the business earned $0.58 EPS. The company's quarterly revenue was up 23.5% compared to the same quarter last year. Sell-side analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Needham & Company LLC cut their price target on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company reduced their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. 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 report on Monday. StockNews.com raised shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a research note on Tuesday. Finally, Stifel Nicolaus restated a "buy" rating and issued a $130.00 target price (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Four 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 data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $124.67.

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.