Advanced Energy Industries, Inc. $AEIS Shares Bought by CenterBook Partners LP

CenterBook Partners LP increased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 32.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,006 shares of the electronics maker’s stock after buying an additional 10,754 shares during the period. CenterBook Partners LP owned about 0.11% of Advanced Energy Industries worth $12,402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. PDT Partners LLC bought a new stake in Advanced Energy Industries during the second quarter valued at about $23,188,000. Reinhart Partners LLC. purchased a new position in Advanced Energy Industries in the second quarter valued at about $3,433,000. Troluce Capital Advisors LLC bought a new position in Advanced Energy Industries in the second quarter worth about $24,237,000. Pacer Advisors Inc. bought a new position in Advanced Energy Industries in the first quarter worth about $1,939,000. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in Advanced Energy Industries by 90.8% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 133,685 shares of the electronics maker’s stock worth $37,675,000 after purchasing an additional 63,625 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. TD Cowen cut their price objective on shares of Advanced Energy Industries from $370.00 to $275.00 and set a “hold” rating on the stock in a research report on Tuesday. Cantor Fitzgerald reissued an “overweight” rating on shares of Advanced Energy Industries in a research report on Tuesday. Zacks Research downgraded shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 23rd. Weiss Ratings lowered shares of Advanced Energy Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Finally, Wells Fargo & Company reduced their price target on Advanced Energy Industries from $360.00 to $310.00 and set an “overweight” rating on the stock in a research report on Tuesday. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries has an average rating of “Moderate Buy” and an average target price of $391.64.

Insiders Place Their Bets

In other Advanced Energy Industries news, EVP Elizabeth Vonne sold 908 shares of Advanced Energy Industries stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total transaction of $302,073.44. Following the completion of the sale, the executive vice president owned 10,712 shares of the company’s stock, valued at approximately $3,563,668.16. The trade was a 7.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Eduardo Acebedo sold 24,771 shares of the business’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 sale, the chief operating officer owned 23,109 shares in the company, valued at approximately $7,290,427.32. The trade was a 51.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,218 shares of company stock valued at $8,562,008 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

Advanced Energy Industries Stock Up 6.1%

Shares of AEIS traded up $11.35 during mid-day trading on Friday, hitting $197.01. 971,943 shares of the company traded hands, compared to its average volume of 617,481. The company has a market capitalization of $7.89 billion, a PE ratio of 28.35 and a beta of 1.38. 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 business has a 50 day moving average of $260.11 and a 200 day moving average of $306.30. Advanced Energy Industries, Inc. has a 1-year low of $178.37 and a 1-year high of $397.44.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, November 2nd. The electronics maker reported $3.65 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.61. Advanced Energy Industries had a net margin of 12.72% and a return on equity of 25.79%. The company had revenue of $696.40 million during the quarter, compared to analysts’ expectations of $644.85 million. During the same period last year, the business earned $1.74 EPS. Advanced Energy Industries’s revenue for the quarter was up 50.3% on a year-over-year basis. Equities research analysts anticipate that Advanced Energy Industries, Inc. will post 9.86 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Monday, November 23rd will be paid a $0.10 dividend. The ex-dividend date is Monday, November 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Advanced Energy Industries’s dividend payout ratio (DPR) is 5.76%.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc develops and manufactures precision power-conversion, measurement and control technologies. Its products are designed to regulate, transform and deliver electrical power with high levels of accuracy and reliability in demanding industrial applications.

The company’s portfolio includes direct-current and alternating-current power supplies, radio-frequency power systems, high-voltage power supplies, thermal-management equipment, power control modules, and measurement and control instruments.