Public Employees Retirement System of Ohio Invests $4.45 Million in Advanced Energy Industries, Inc. $AEIS

Key Points

• Public Employees Retirement System of Ohio acquired 11,929 Advanced Energy Industries shares worth approximately $4.45 million in the second quarter. Institutional investors collectively own 99.67% of the company.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $409.50; Citigroup recently raised its target to $460.
• Advanced Energy exceeded quarterly expectations, reporting $2.74 in EPS and $574.1 million in revenue, up 30% year over year. The company also declared a $0.10 quarterly dividend, while insiders sold roughly $8.38 million of stock over the past three months.

Public Employees Retirement System of Ohio purchased a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,929 shares of the electronics maker's stock, valued at approximately $4,448,000.

Several other large investors also recently added to or reduced their stakes in the stock. Corient Private Wealth LP bought a new stake in Advanced Energy Industries during the second quarter worth approximately $4,790,000. Bamco Inc. NY purchased a new position in shares of Advanced Energy Industries in the 2nd quarter worth approximately $51,966,000. Bank of America Corp DE bought a new position in shares of Advanced Energy Industries during the 2nd quarter valued at approximately $382,342,000. Freestone Grove Partners LP bought a new position in shares of Advanced Energy Industries during the 2nd quarter valued at approximately $32,519,000. Finally, Man Group plc purchased a new stake in Advanced Energy Industries during the 2nd quarter valued at $12,279,000. 99.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Advanced Energy Industries in a research note on Wednesday, August 26th. Wall Street Zen upgraded shares of Advanced Energy Industries from a "hold" rating to a "buy" rating in a report on Saturday, June 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 price target on shares of Advanced Energy Industries in a research note on Tuesday, August 4th. Citigroup upped their price target on shares of Advanced Energy Industries from $435.00 to $460.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Energy Industries in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $409.50.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock opened at $268.19 on Thursday. The company has a quick ratio of 2.94, a current ratio of 3.79 and a debt-to-equity ratio of 0.78. The stock's fifty day moving average is $306.12 and its two-hundred day moving average is $326.67. Advanced Energy Industries, Inc. has a 52 week low of $144.33 and a 52 week high of $397.44. The company has a market capitalization of $10.74 billion, a PE ratio of 50.04 and a beta of 1.31.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its earnings results on Monday, August 3rd. The electronics maker reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.53. The business had revenue of $574.10 million during the quarter, compared to the consensus estimate of $544.41 million. Advanced Energy Industries had a return on equity of 20.75% and a net margin of 10.77%.The business's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. As a group, analysts expect that Advanced Energy Industries, Inc. will post 9.5 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, August 24th. Advanced Energy Industries's payout ratio is 7.46%.

Insider Activity

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 24,771 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $315.48, for a total value of $7,814,755.08. Following the transaction, the chief operating officer directly owned 23,109 shares in the company, valued at $7,290,427.32. This represents a 51.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Elizabeth Karpinski Vonne sold 907 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $290.05, for a total transaction of $263,075.35. Following the transaction, the executive vice president directly owned 9,805 shares in the company, valued at approximately $2,843,940.25. This trade represents a 8.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 26,586 shares of company stock valued at $8,379,904. 1.30% of the stock is owned by corporate insiders.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.

Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.

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