Flputnam Investment Management Co. increased its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 259.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,209 shares of the electronics maker’s stock after buying an additional 12,427 shares during the period. Flputnam Investment Management Co.’s holdings in Advanced Energy Industries were worth $6,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC boosted its holdings in Advanced Energy Industries by 33.3% during the first quarter. Root Financial Partners LLC now owns 108 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 27 shares during the period. Basecamp Wealth Advisors LLC grew its position in shares of Advanced Energy Industries by 16.2% in the first quarter. Basecamp Wealth Advisors LLC now owns 222 shares of the electronics maker’s stock valued at $72,000 after purchasing an additional 31 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Advanced Energy Industries by 4.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,191 shares of the electronics maker’s stock worth $384,000 after purchasing an additional 51 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of Advanced Energy Industries by 40.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 194 shares of the electronics maker’s stock worth $41,000 after purchasing an additional 56 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Advanced Energy Industries by 6.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 906 shares of the electronics maker’s stock worth $190,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.
Advanced Energy Industries Stock Down 5.0%
NASDAQ AEIS opened at $272.82 on Friday. Advanced Energy Industries, Inc. has a twelve month low of $144.09 and a twelve month high of $397.44. The stock has a market cap of $10.93 billion, a PE ratio of 50.90 and a beta of 1.29. The firm has a 50-day simple moving average of $312.14 and a 200 day simple moving average of $326.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.94 and a current ratio of 3.79.
Advanced Energy Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, August 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Advanced Energy Industries’s payout ratio is currently 7.46%.
Insider Buying and Selling
In related news, COO Eduardo Bernal Acebedo sold 24,771 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total value of $7,814,755.08. Following the completion of the transaction, the chief operating officer directly owned 23,109 shares in the company, valued at approximately $7,290,427.32. This represents a 51.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Elizabeth Karpinski Vonne sold 907 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $290.05, for a total value of $263,075.35. Following the completion of the transaction, the executive vice president directly owned 9,805 shares of the company’s stock, valued at approximately $2,843,940.25. This trade represents a 8.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,586 shares of company stock worth $8,379,904. 1.30% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several analysts recently weighed in on AEIS shares. Wall Street Zen upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Wells Fargo & Company raised Advanced Energy Industries from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $345.00 to $465.00 in a research report on Wednesday, July 1st. Zacks Research upgraded Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Seaport Research Partners raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 price objective for the company in a research report on Tuesday, August 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $400.00 price objective on shares of Advanced Energy Industries in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $409.50.
View Our Latest Stock Analysis on AEIS
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.
Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.
Featured Articles
- Five stocks we like better than Advanced Energy Industries
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report).
Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.
