Balyasny Asset Management L.P. Cuts Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Balyasny Asset Management L.P. decreased its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,460 shares of the electronics maker's stock after selling 6,491 shares during the period. Balyasny Asset Management L.P. owned 0.13% of Advanced Energy Industries worth $5,835,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of 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 valued at $50,920,000 after purchasing an additional 53,566 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Advanced Energy Industries by 22.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,065 shares of the electronics maker's stock worth $323,000 after buying an additional 569 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Advanced Energy Industries by 17.7% during the fourth quarter. Park Avenue Securities LLC now owns 3,853 shares of the electronics maker's stock worth $446,000 after buying an additional 580 shares during the period. Heritage Family Offices LLP grew its holdings 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 valued at $233,000 after buying an additional 116 shares during the last quarter. Finally, Integrated Investment Consultants LLC increased its position in shares of Advanced Energy Industries by 2.2% in the 4th quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker's stock valued at $531,000 after acquiring an additional 100 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the transaction, the chief operating officer now directly owns 19,822 shares of the company's stock, valued at $2,212,333.42. The trade was a 49.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now directly owns 3,492 shares of the company's stock, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on AEIS. Citigroup lifted their price target on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Robert W. Baird increased their price target on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. StockNews.com upgraded shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Wells Fargo & Company cut their price objective on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Finally, Needham & Company LLC lowered their price target on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.67.

Advanced Energy Industries Trading Up 1.5 %

Shares of AEIS stock opened at $112.20 on Friday. Advanced Energy Industries, Inc. has a 1-year low of $75.01 and a 1-year high of $132.16. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 78.46, a PEG ratio of 1.39 and a beta of 1.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. The stock has a 50 day simple moving average of $98.29 and a 200-day simple moving average of $110.20.

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 for the quarter, topping the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. The firm had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The company's revenue for the quarter was up 23.5% on a year-over-year basis. On average, equities research analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

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

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.

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