Cerity Partners LLC Has $1.07 Million Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Cerity Partners LLC boosted its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 215.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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.

Other hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its position in shares of Advanced Energy Industries by 9.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the electronics maker's stock worth $207,000 after buying an additional 187 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Advanced Energy Industries by 65.1% during the 1st quarter. GAMMA Investing LLC now owns 2,032 shares of the electronics maker's stock worth $194,000 after acquiring an additional 801 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of Advanced Energy Industries during the 1st quarter worth about $914,000. Vontobel Holding Ltd. lifted its holdings in shares of Advanced Energy Industries by 13.9% during the 1st quarter. Vontobel Holding Ltd. now owns 6,372 shares of the electronics maker's stock worth $607,000 after acquiring an additional 780 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of Advanced Energy Industries by 6.7% during the 1st quarter. QRG Capital Management Inc. now owns 5,622 shares of the electronics maker's stock worth $536,000 after acquiring an additional 355 shares during the period. Institutional investors and hedge funds own 99.67% of the company's stock.

Insider Activity

In related news, EVP John Donaghey sold 2,000 shares of the stock in a transaction dated Wednesday, July 9th. The stock was 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 directly owned 11,029 shares in the company, valued at approximately $1,544,060. This trade represents a 15.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul R. Oldham sold 1,173 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $131.29, for a total value of $154,003.17. Following the transaction, the executive vice president owned 31,006 shares of the company's stock, valued at approximately $4,070,777.74. The trade was a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Advanced Energy Industries Stock Performance

NASDAQ AEIS traded down $0.77 during trading on Friday, hitting $140.14. The company's stock had a trading volume of 86,513 shares, compared to its average volume of 336,458. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $129.07 and a 200 day moving average price of $115.30. The firm has a market cap of $5.28 billion, a P/E ratio of 72.35, a price-to-earnings-growth ratio of 1.31 and a beta of 1.52. Advanced Energy Industries, Inc. has a 52 week low of $75.01 and a 52 week high of $145.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating the consensus estimate of $0.97 by $0.26. The business had revenue of $404.60 million for the quarter, compared to analyst estimates of $392.36 million. Advanced Energy Industries had a return on equity of 10.70% and a net margin of 4.73%. Advanced Energy Industries'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 EPS. Equities research analysts forecast that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on AEIS shares. Stifel Nicolaus reissued a "buy" rating and set a $130.00 target price (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Needham & Company LLC reduced their price objective on 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 raised their price objective on 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 Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, KeyCorp raised 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. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.