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

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its holdings in shares of Advanced Energy Industries by 9.4% in the first quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the electronics maker's stock valued at $207,000 after purchasing an additional 187 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Advanced Energy Industries by 65.1% in the first quarter. GAMMA Investing LLC now owns 2,032 shares of the electronics maker's stock valued at $194,000 after purchasing an additional 801 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Advanced Energy Industries by 13.9% in the first quarter. Vontobel Holding Ltd. now owns 6,372 shares of the electronics maker's stock valued at $607,000 after purchasing an additional 780 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Advanced Energy Industries in the first quarter valued at $914,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Advanced Energy Industries by 6.7% in the first quarter. QRG Capital Management Inc. now owns 5,622 shares of the electronics maker's stock valued at $536,000 after purchasing an additional 355 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP John Donaghey sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $140.00, for a total value 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 represents a 15.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Paul R. Oldham sold 1,173 shares of the company's 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 directly owned 31,006 shares of the company's stock, valued at $4,070,777.74. This represents a 3.65% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Advanced Energy Industries Price Performance

AEIS traded up $0.52 on Friday, hitting $143.25. 239,254 shares of the stock were exchanged, compared to its average volume of 286,673. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $144.54. The business has a 50-day moving average of $126.62 and a two-hundred day moving average of $114.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.43 and a quick ratio of 3.28. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 73.84, a PEG ratio of 1.28 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 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 business's quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Sell-side analysts forecast that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 26th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.28%. The ex-dividend date was Friday, May 23rd. Advanced Energy Industries's payout ratio is 20.62%.

Analysts Set New Price Targets

AEIS has been the subject of a number of recent research reports. Needham & Company LLC reduced their target price on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company boosted their target price on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. Stifel Nicolaus reissued a "buy" rating and issued a $130.00 target price (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Wall Street Zen raised shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, Robert W. Baird boosted their target price on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Energy Industries presently has a consensus rating of "Moderate Buy" and a consensus price target 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.