Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Purchased by Public Sector Pension Investment Board

Key Points

• Public Sector Pension Investment Board increased its stake in Advanced Energy Industries by 27.4%, purchasing an additional 25,695 shares, bringing their total ownership to approximately 119,511 shares valued at $11.39 million.
• Advanced Energy Industries announced a quarterly dividend of $0.10 per share, with a payout ratio of 18.10%, which will be distributed on September 5th.
• Analysts have raised price targets for Advanced Energy Industries, with Citigroup setting a new target of $140.00 and multiple firms maintaining buy ratings on the stock.

Public Sector Pension Investment Board raised its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 27.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 119,511 shares of the electronics maker's stock after buying an additional 25,695 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of Advanced Energy Industries worth $11,391,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in Advanced Energy Industries by 21.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock valued at $89,565,000 after buying an additional 138,814 shares during the period. Summit Partners Public Asset Management LLC purchased a new stake in shares of Advanced Energy Industries during the 4th quarter worth $71,494,000. Silvercrest Asset Management Group LLC purchased a new stake in shares of Advanced Energy Industries during the 4th quarter worth $58,393,000. Principal Financial Group Inc. boosted its position in shares of Advanced Energy Industries by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 477,296 shares of the electronics maker's stock worth $45,491,000 after purchasing an additional 1,624 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Advanced Energy Industries by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 465,162 shares of the electronics maker's stock worth $44,335,000 after purchasing an additional 5,041 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Down 0.4%

NASDAQ:AEIS traded down $0.63 during trading hours on Thursday, hitting $161.89. The stock had a trading volume of 896,617 shares, compared to its average volume of 450,363. The company has a current ratio of 4.09, a quick ratio of 2.97 and a debt-to-equity ratio of 0.45. Advanced Energy Industries, Inc. has a 1-year low of $75.01 and a 1-year high of $163.07. The business has a 50 day simple moving average of $137.95 and a two-hundred day simple moving average of $117.90. The company has a market cap of $6.11 billion, a PE ratio of 73.25, a price-to-earnings-growth ratio of 1.32 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The electronics maker reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.22. Advanced Energy Industries had a net margin of 5.13% and a return on equity of 12.38%. The business had revenue of $441.50 million during the quarter, compared to the consensus estimate of $421.32 million. During the same quarter last year, the company earned $0.85 earnings per share. The business's quarterly revenue was up 21.0% compared to the same quarter last year. Analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 25th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Advanced Energy Industries's dividend payout ratio (DPR) is presently 18.10%.

Analysts Set New Price Targets

Several brokerages have commented on AEIS. Robert W. Baird boosted their target price on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Citigroup upped their target price on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 5th. KeyCorp upped their target price on shares of Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Needham & Company LLC upped their price objective on shares of Advanced Energy Industries from $135.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, TD Cowen upped their price objective on shares of Advanced Energy Industries from $118.00 to $140.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $138.90.

Insider Buying and Selling

In related news, EVP Paul R. Oldham sold 1,173 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $131.29, for a total transaction of $154,003.17. Following the transaction, the executive vice president directly owned 31,006 shares in the company, valued at $4,070,777.74. This trade represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Donaghey sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $160.73, for a total value of $160,730.00. Following the transaction, the executive vice president owned 10,029 shares in the company, valued at $1,611,961.17. This trade represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,173 shares of company stock valued at $594,733 in the last three months. Corporate insiders own 1.20% of the company's stock.

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.