Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lowered its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.33% of Advanced Energy Industries worth $12,080,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew 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 worth $41,000 after purchasing an additional 135 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Advanced Energy Industries in the fourth quarter worth approximately $47,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in Advanced Energy Industries in the fourth quarter worth approximately $51,000. Fifth Third Bancorp grew 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 worth $53,000 after purchasing an additional 233 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Advanced Energy Industries during the 4th quarter valued at $74,000. Institutional investors own 99.67% of the company's stock.

Advanced Energy Industries Stock Up 2.0%

Shares of Advanced Energy Industries stock traded up $2.46 during trading on Monday, reaching $125.26. The company's stock had a trading volume of 230,713 shares, compared to its average volume of 271,629. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 87.60, a P/E/G ratio of 1.39 and a beta of 1.50. Advanced Energy Industries, Inc. has a 1-year low of $75.01 and a 1-year high of $132.16. The company has a 50-day simple moving average of $108.63 and a two-hundred day simple moving average of $111.42.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.26. The company had revenue of $404.60 million during the quarter, compared to analysts' expectations of $392.36 million. Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. The firm's revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 EPS. As a group, equities analysts forecast that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, May 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, May 23rd. Advanced Energy Industries's dividend payout ratio is presently 20.62%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AEIS. Stifel Nicolaus reaffirmed 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. Wall Street Zen raised Advanced Energy Industries from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Robert W. Baird increased their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Citigroup increased their target price on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Needham & Company LLC dropped their target price on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $124.67.

Advanced Energy Industries Company 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.