CenterBook Partners LP Has $1.14 Million Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

CenterBook Partners LP grew its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 41.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,002 shares of the electronics maker's stock after acquiring an additional 3,490 shares during the quarter. CenterBook Partners LP's holdings in Advanced Energy Industries were worth $1,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AEIS. Raymond James Financial Inc. purchased a new stake in shares of Advanced Energy Industries in the fourth quarter worth about $9,864,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Advanced Energy Industries in the fourth quarter worth about $229,000. Swiss National Bank boosted its position in shares of Advanced Energy Industries by 1.4% in the fourth quarter. Swiss National Bank now owns 74,100 shares of the electronics maker's stock worth $8,568,000 after buying an additional 1,000 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Advanced Energy Industries by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 9,629 shares of the electronics maker's stock valued at $1,113,000 after purchasing an additional 206 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in Advanced Energy Industries by 21.2% in the fourth quarter. Natixis Advisors LLC now owns 26,638 shares of the electronics maker's stock valued at $3,080,000 after purchasing an additional 4,666 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

Advanced Energy Industries Stock Up 0.4%

NASDAQ AEIS traded up $0.52 during trading on Friday, hitting $143.25. 239,254 shares of the company traded hands, compared to its average volume of 287,801. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $144.54. The business has a fifty day simple moving average of $127.24 and a 200 day simple moving average of $114.62. The company has a current ratio of 4.43, a quick ratio of 3.28 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $5.39 billion, a P/E ratio of 73.84, a PEG ratio of 1.32 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.26. The company had revenue of $404.60 million for 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 firm's revenue was up 23.5% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share. As a group, sell-side analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently announced 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 0.28%. The ex-dividend date was Friday, May 23rd. Advanced Energy Industries's dividend payout ratio (DPR) is presently 20.62%.

Insider Transactions at Advanced Energy Industries

In other news, EVP Paul R. Oldham sold 1,173 shares of Advanced Energy Industries stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $131.29, for a total value of $154,003.17. Following the completion of the transaction, the executive vice president owned 31,006 shares in the company, valued at approximately $4,070,777.74. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Donaghey sold 2,000 shares of Advanced Energy Industries stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total transaction of $280,000.00. Following the completion of the transaction, the executive vice president owned 11,029 shares of the company's stock, valued at $1,544,060. This trade represents a 15.35% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AEIS has been the subject of a number of analyst reports. KeyCorp increased their price target on Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Wells Fargo & Company increased their price target on Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. Robert W. Baird increased their price target on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Citigroup increased 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. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $130.00 price target (down from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $130.20.

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.