Engineers Gate Manager LP Buys New Position in Advanced Energy Industries, Inc. (AEIS)
Engineers Gate Manager LP acquired a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,472 shares of the electronics maker’s stock, valued at approximately $289,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Advanced Energy Industries during the first quarter valued at about $130,000. Meeder Asset Management Inc. raised its position in Advanced Energy Industries by 797.2% in the first quarter. Meeder Asset Management Inc. now owns 1,947 shares of the electronics maker’s stock worth $133,000 after acquiring an additional 1,730 shares in the last quarter. Pacad Investment Ltd. bought a new stake in Advanced Energy Industries in the second quarter worth about $188,000. Teacher Retirement System of Texas raised its position in Advanced Energy Industries by 1.1% in the second quarter. Teacher Retirement System of Texas now owns 3,174 shares of the electronics maker’s stock worth $205,000 after acquiring an additional 34 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in Advanced Energy Industries by 113.2% in the first quarter. LS Investment Advisors LLC now owns 3,190 shares of the electronics maker’s stock worth $219,000 after acquiring an additional 1,694 shares in the last quarter. Institutional investors and hedge funds own 92.20% of the company’s stock.
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In other Advanced Energy Industries news, CFO Thomas Liguori sold 16,000 shares of Advanced Energy Industries stock in a transaction on Monday, September 11th. The stock was sold at an average price of $73.64, for a total value of $1,178,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas M. Rohrs sold 4,000 shares of Advanced Energy Industries stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $64.87, for a total value of $259,480.00. The disclosure for this sale can be found here. 1.13% of the stock is owned by insiders.
Shares of Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at 78.32 on Tuesday. The firm has a 50-day moving average price of $72.23 and a 200-day moving average price of $71.56. Advanced Energy Industries, Inc. has a 12 month low of $45.47 and a 12 month high of $86.25. The company has a market capitalization of $3.13 billion, a PE ratio of 19.90 and a beta of 1.35.
Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.15. The firm had revenue of $165.95 million during the quarter, compared to analysts’ expectations of $155.72 million. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The company’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 EPS. On average, equities research analysts predict that Advanced Energy Industries, Inc. will post $4.59 EPS for the current year.
AEIS has been the topic of a number of analyst reports. BidaskClub cut Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. ValuEngine raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus began coverage on Advanced Energy Industries in a research note on Wednesday, August 23rd. They set a “hold” rating and a $74.00 target price on the stock. Finally, Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, July 10th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Advanced Energy Industries has an average rating of “Buy” and an average target price of $72.60.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.
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