Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 774,586 shares of the electronics maker's stock after purchasing an additional 138,814 shares during the quarter. The Manufacturers Life Insurance Company owned about 2.06% of Advanced Energy Industries worth $89,565,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of Advanced Energy Industries in the fourth quarter valued at approximately $2,785,000. Coldstream Capital Management Inc. acquired a new position in Advanced Energy Industries in the 4th quarter valued at $203,000. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in Advanced Energy Industries during the 4th quarter worth $763,000. Dark Forest Capital Management LP acquired a new stake in shares of Advanced Energy Industries in the 4th quarter worth $330,000. Finally, Southernsun Asset Management LLC boosted its holdings in shares of Advanced Energy Industries by 240.5% in the fourth quarter. Southernsun Asset Management LLC now owns 115,668 shares of the electronics maker's stock valued at $13,375,000 after acquiring an additional 81,697 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Advanced Energy Industries Price Performance

Shares of Advanced Energy Industries stock traded down $1.06 during trading on Monday, hitting $110.23. 87,956 shares of the company were exchanged, compared to its average volume of 259,795. Advanced Energy Industries, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $132.16. 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 firm has a 50 day moving average price of $98.68 and a 200 day moving average price of $110.14. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 77.16, 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 earnings per share 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 business's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 earnings per share. On average, equities analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Saturday, May 24th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. Advanced Energy Industries's dividend payout ratio is currently 20.62%.

Insider Transactions at Advanced Energy Industries

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the sale, the chief operating officer now owns 19,822 shares in the company, valued at approximately $2,212,333.42. This trade represents a 49.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lanesha Minnix sold 1,600 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the transaction, the director now owns 3,492 shares of the company's stock, valued at $451,760.04. This trade represents a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Needham & Company LLC reduced 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 research report on Thursday. Citigroup raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and upped their price target for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. StockNews.com cut shares of Advanced Energy Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Wells Fargo & Company lowered their target price on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Finally, Robert W. Baird lifted their price target on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.44.

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.