Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 215.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,195 shares of the electronics maker's stock after acquiring an additional 7,644 shares during the quarter. Cerity Partners LLC's holdings in Advanced Energy Industries were worth $1,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its stake in Advanced Energy Industries by 61.6% in the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock valued at $41,000 after purchasing an additional 135 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Advanced Energy Industries in the fourth quarter valued at $47,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Advanced Energy Industries in the fourth quarter valued at $51,000. Fifth Third Bancorp increased its stake in Advanced Energy Industries by 71.5% in the first quarter. Fifth Third Bancorp now owns 559 shares of the electronics maker's stock valued at $53,000 after purchasing an additional 233 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in Advanced Energy Industries in the first quarter valued at $78,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Advanced Energy Industries news, EVP John Donaghey sold 2,000 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Paul R. Oldham sold 1,173 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $131.29, for a total transaction of $154,003.17. Following the completion of the transaction, the executive vice president directly owned 31,006 shares in the company, valued at approximately $4,070,777.74. This represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Advanced Energy Industries Trading Down 0.3%

NASDAQ AEIS traded down $0.37 during mid-day trading on Friday, reaching $140.54. 182,599 shares of the stock were exchanged, compared to its average volume of 310,503. Advanced Energy Industries, Inc. has a 1-year low of $75.01 and a 1-year high of $145.52. The business's fifty day simple moving average is $129.52 and its 200 day simple moving average is $115.38. The stock has a market capitalization of $5.29 billion, a PE ratio of 72.44, a PEG ratio of 1.29 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.28 and a current ratio of 4.43.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.26. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The firm had revenue of $404.60 million for the quarter, compared to analyst estimates of $392.36 million. During the same quarter last year, the business earned $0.58 earnings per share. Advanced Energy Industries's revenue was up 23.5% compared to the same quarter last year. On average, research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AEIS has been the topic of a number of recent analyst reports. Needham & Company LLC dropped 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 research note on Thursday, May 1st. Citigroup boosted their price target on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Wall Street Zen upgraded shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Wells Fargo & Company boosted their price target on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Friday, June 27th. Finally, Stifel Nicolaus restated a "buy" rating and set a $130.00 target price (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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.