Public Sector Pension Investment Board Has $11.39 Million Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

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

Other large investors have also made changes to their positions in the company. Isthmus Partners LLC lifted its position in Advanced Energy Industries by 0.3% during the 1st quarter. Isthmus Partners LLC now owns 29,565 shares of the electronics maker's stock valued at $2,818,000 after purchasing an additional 96 shares during the period. Summit Investment Advisors Inc. lifted its position in Advanced Energy Industries by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,916 shares of the electronics maker's stock valued at $453,000 after purchasing an additional 124 shares during the period. US Bancorp DE lifted its position in Advanced Energy Industries by 2.8% during the 1st quarter. US Bancorp DE now owns 4,857 shares of the electronics maker's stock valued at $463,000 after purchasing an additional 134 shares during the period. Russell Investments Group Ltd. lifted its position in Advanced Energy Industries by 61.6% during the 4th 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 period. Finally, Xponance Inc. lifted its position in Advanced Energy Industries by 5.8% during the 1st quarter. Xponance Inc. now owns 2,843 shares of the electronics maker's stock valued at $271,000 after purchasing an additional 156 shares during the period. Institutional investors own 99.67% of the company's stock.

Advanced Energy Industries Stock Down 6.5%

AEIS stock traded down $10.49 during mid-day trading on Friday, hitting $151.40. 547,024 shares of the company were exchanged, compared to its average volume of 476,232. Advanced Energy Industries, Inc. has a 1-year low of $75.01 and a 1-year high of $163.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.97 and a current ratio of 4.09. The firm's 50 day simple moving average is $138.55 and its 200 day simple moving average is $118.20. The firm has a market cap of $5.71 billion, a P/E ratio of 68.51, a P/E/G ratio of 1.23 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its earnings results on Tuesday, August 5th. The electronics maker reported $1.50 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $421.32 million. During the same period last year, the business earned $0.85 earnings per share. The firm's revenue was up 21.0% on a year-over-year basis. On average, sell-side analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 25th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, August 25th. Advanced Energy Industries's payout ratio is 18.10%.

Insiders Place Their Bets

In other Advanced Energy Industries news, EVP John Donaghey sold 2,000 shares of Advanced Energy Industries stock in a transaction on Wednesday, July 9th. The shares were 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 of the company's stock, valued at $1,544,060. The trade was a 15.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul R. Oldham sold 1,173 shares of Advanced Energy Industries 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 of the company's stock, valued at approximately $4,070,777.74. This trade represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,173 shares of company stock valued at $594,733. Company insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AEIS shares. Needham & Company LLC upped their target price on shares of Advanced Energy Industries from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. TD Cowen increased their price target on shares of Advanced Energy Industries from $118.00 to $140.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Wells Fargo & Company increased their price target on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. Wall Street Zen upgraded shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Finally, 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 report on Monday, May 5th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Energy Industries currently has a consensus rating of "Moderate Buy" and an average price target of $138.90.

About Advanced Energy Industries

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.