Aristotle Capital Boston LLC Reduces Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Aristotle Capital Boston LLC reduced its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and 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 accounts for about 1.8% of Aristotle Capital Boston LLC's holdings, making the stock its 11th biggest holding. Aristotle Capital Boston LLC owned approximately 1.13% of Advanced Energy Industries worth $49,085,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in Advanced Energy Industries by 1.7% during 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 in the last quarter. Integrated Investment Consultants LLC increased its stake 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 period. Heritage Family Offices LLP lifted its position in shares of 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 in the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Advanced Energy Industries by 3.3% in the fourth 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 period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Advanced Energy Industries by 61.6% in the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock valued at $41,000 after purchasing an additional 135 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. This trade represents a 49.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lanesha Minnix sold 1,600 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the transaction, the director now directly 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. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AEIS shares. Wells Fargo & Company reduced their target price on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Robert W. Baird lifted their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a report on Thursday. Stifel Nicolaus restated a "buy" rating and set a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a report on Thursday. Citigroup upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Finally, StockNews.com lowered shares of Advanced Energy Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, three have assigned 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.44.

Advanced Energy Industries Price Performance

AEIS stock opened at $111.29 on Friday. The business has a 50 day moving average price of $98.68 and a 200 day moving average price of $110.15. Advanced Energy Industries, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $132.16. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 77.83, a PEG ratio of 1.39 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (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 firm had revenue of $404.60 million for the quarter, compared to the consensus estimate of $392.36 million. During the same quarter last year, the business posted $0.58 EPS. The firm's quarterly revenue was up 23.5% compared to the same quarter last year. Equities research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Saturday, May 24th will be given a $0.10 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.40 annualized dividend and a yield of 0.36%. Advanced Energy Industries's dividend payout ratio (DPR) is 27.97%.

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.

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