Fort Washington Investment Advisors Inc. OH Cuts Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Fort Washington Investment Advisors Inc. OH trimmed its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 9.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,745 shares of the electronics maker's stock after selling 12,811 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.33% of Advanced Energy Industries worth $12,080,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in shares of 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 last quarter. Public Employees Retirement System of Ohio purchased a new stake in Advanced Energy Industries in the 4th quarter valued at $47,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Advanced Energy Industries in the 4th quarter valued at $51,000. Fifth Third Bancorp increased its stake in shares of Advanced Energy Industries by 71.5% in the 1st quarter. Fifth Third Bancorp now owns 559 shares of the electronics maker's stock worth $53,000 after acquiring an additional 233 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of Advanced Energy Industries during the 4th quarter worth $74,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEIS has been the subject of a number of analyst reports. Needham & Company LLC dropped 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 report on Thursday, May 1st. 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 report on Thursday, May 1st. Citigroup increased their price target on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Stifel Nicolaus reaffirmed a "buy" rating and set a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Finally, Wall Street Zen upgraded Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $124.67.

Advanced Energy Industries Trading Down 3.1%

Shares of NASDAQ:AEIS traded down $3.88 during mid-day trading on Friday, reaching $122.80. 148,279 shares of the company were exchanged, compared to its average volume of 271,164. Advanced Energy Industries, Inc. has a 1 year low of $75.01 and a 1 year high of $132.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. The firm's 50-day simple moving average is $106.87 and its 200 day simple moving average is $111.35. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 85.87, a P/E/G ratio of 1.39 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly 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. Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. The business had revenue of $404.60 million during the quarter, compared to analyst estimates of $392.36 million. During the same period last year, the business posted $0.58 earnings per share. The company's quarterly revenue was up 23.5% on a year-over-year basis. Equities research analysts forecast that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. Advanced Energy Industries's dividend payout ratio (DPR) is presently 20.62%.

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.