Blue Trust Inc. Grows Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Blue Trust Inc. boosted its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 621.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,957 shares of the electronics maker's stock after buying an additional 2,547 shares during the period. Blue Trust Inc.'s holdings in Advanced Energy Industries were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Advanced Energy Industries by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker's stock worth $53,204,000 after acquiring an additional 18,533 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Advanced Energy Industries in the 1st quarter valued at approximately $795,000. Proficio Capital Partners LLC acquired a new position in Advanced Energy Industries during the 4th quarter worth approximately $3,971,000. Amundi increased its position in Advanced Energy Industries by 192.6% during the 4th quarter. Amundi now owns 19,405 shares of the electronics maker's stock worth $2,303,000 after purchasing an additional 12,773 shares during the period. Finally, Alpha DNA Investment Management LLC purchased a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $487,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Energy Industries Stock Performance

NASDAQ AEIS opened at $128.63 on Monday. 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, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $132.16. The business has a fifty day moving average of $111.56 and a 200-day moving average of $111.70. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 66.30, a price-to-earnings-growth ratio of 1.18 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share for the quarter, beating 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 net margin of 4.73% and a return on equity of 10.70%. The firm's revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 EPS. As a group, analysts predict 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. Shareholders of record on Monday, May 26th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date was Friday, May 23rd. Advanced Energy Industries's dividend payout ratio is currently 20.62%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AEIS. Citigroup increased their price objective 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. Needham & Company LLC reduced their price objective on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Robert W. Baird boosted their price objective 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. Stifel Nicolaus reaffirmed a "buy" rating and issued a $130.00 target price (down from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Finally, Wall Street Zen raised Advanced Energy Industries from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $124.67.

Advanced Energy Industries Company 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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