New York State Teachers Retirement System Lowers Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

New York State Teachers Retirement System reduced its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 8.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 57,372 shares of the electronics maker's stock after selling 5,265 shares during the period. New York State Teachers Retirement System owned approximately 0.15% of Advanced Energy Industries worth $5,468,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in shares of Advanced Energy Industries by 61.6% during the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock worth $41,000 after buying an additional 135 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Advanced Energy Industries in the 4th quarter valued at approximately $47,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Advanced Energy Industries during the fourth quarter worth approximately $51,000. Fifth Third Bancorp grew its position in Advanced Energy Industries by 71.5% in the 1st quarter. Fifth Third Bancorp now owns 559 shares of the electronics maker's stock valued at $53,000 after buying an additional 233 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Advanced Energy Industries by 385.6% in the 1st quarter. Versant Capital Management Inc now owns 1,049 shares of the electronics maker's stock valued at $100,000 after buying an additional 833 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Price Performance

Shares of Advanced Energy Industries stock traded down $1.53 on Monday, hitting $136.61. The company's stock had a trading volume of 246,243 shares, compared to its average volume of 280,817. The company has a market capitalization of $5.14 billion, a P/E ratio of 70.42, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. Advanced Energy Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $139.29. The firm has a fifty day moving average price of $120.38 and a 200-day moving average price of $112.85. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.26. The firm had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a return on equity of 10.70% and a net margin of 4.73%. The company's quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. On average, equities research analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Monday, May 26th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Friday, May 23rd. Advanced Energy Industries's dividend payout ratio is presently 20.62%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AEIS. KeyCorp restated an "overweight" rating on shares of Advanced Energy Industries in a research note on Wednesday, June 25th. Citigroup raised their price objective on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Wall Street Zen upgraded Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th. Robert W. Baird increased their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company lifted their price target on Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Energy Industries has a consensus rating of "Moderate Buy" and a consensus target price of $126.89.

Insiders Place Their Bets

In other Advanced Energy Industries news, EVP Paul R. Oldham sold 1,173 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $131.29, for a total transaction of $154,003.17. Following the sale, the executive vice president directly owned 31,006 shares of the company's stock, valued at $4,070,777.74. This trade represents a 3.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company's stock.

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.