Fiera Capital Corp lowered its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 1.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 44,604 shares of the electronics maker’s stock after selling 497 shares during the quarter. Fiera Capital Corp’s holdings in Advanced Energy Industries were worth $5,910,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AEIS. Bessemer Group Inc. boosted its position in shares of Advanced Energy Industries by 98.3% during the 2nd quarter. Bessemer Group Inc. now owns 234 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 116 shares in the last quarter. UMB Bank n.a. boosted its holdings in Advanced Energy Industries by 42.9% in the second quarter. UMB Bank n.a. now owns 313 shares of the electronics maker’s stock worth $41,000 after acquiring an additional 94 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Advanced Energy Industries in the first quarter valued at approximately $31,000. Russell Investments Group Ltd. grew its stake in Advanced Energy Industries by 26.0% in the first quarter. Russell Investments Group Ltd. now owns 446 shares of the electronics maker’s stock valued at $43,000 after acquiring an additional 92 shares during the period. Finally, Huntington National Bank increased its holdings in shares of Advanced Energy Industries by 26.8% during the second quarter. Huntington National Bank now owns 473 shares of the electronics maker’s stock valued at $63,000 after acquiring an additional 100 shares in the last quarter. 99.67% of the stock is owned by institutional investors.
Advanced Energy Industries Price Performance
Shares of NASDAQ:AEIS opened at $202.48 on Friday. The company has a quick ratio of 2.97, a current ratio of 4.09 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $7.64 billion, a PE ratio of 91.62, a P/E/G ratio of 1.65 and a beta of 1.60. Advanced Energy Industries, Inc. has a twelve month low of $75.01 and a twelve month high of $232.05. The company has a 50-day moving average price of $185.22 and a two-hundred day moving average price of $151.15.
Advanced Energy Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 24th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, November 24th. Advanced Energy Industries’s payout ratio is presently 10.50%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on AEIS shares. Susquehanna reaffirmed a “neutral” rating and issued a $190.00 price objective on shares of Advanced Energy Industries in a research note on Thursday, November 6th. Needham & Company LLC upped their target price on Advanced Energy Industries from $188.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Zacks Research raised Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 10th. Wall Street Zen cut Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Cowen reissued a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.
Check Out Our Latest Report on Advanced Energy Industries
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.
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