11,567 Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS) Bought by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC acquired a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,567 shares of the electronics maker’s stock, valued at approximately $590,000.

A number of other institutional investors have also made changes to their positions in AEIS. Dark Forest Capital Management LP acquired a new stake in shares of Advanced Energy Industries during the fourth quarter worth $25,000. Point72 Middle East FZE bought a new position in Advanced Energy Industries during the fourth quarter worth about $29,000. Fifth Third Bancorp lifted its holdings in Advanced Energy Industries by 78.1% during the first quarter. Fifth Third Bancorp now owns 390 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 171 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Advanced Energy Industries by 193.5% during the first quarter. Tower Research Capital LLC TRC now owns 499 shares of the electronics maker’s stock worth $49,000 after acquiring an additional 329 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Advanced Energy Industries during the first quarter worth about $49,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on AEIS. StockNews.com began coverage on Advanced Energy Industries in a report on Thursday, August 17th. They set a “hold” rating on the stock. Needham & Company LLC lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. KeyCorp lifted their target price on Advanced Energy Industries from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Citigroup lifted their target price on Advanced Energy Industries from $114.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Susquehanna lifted their target price on Advanced Energy Industries from $98.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Moderate Buy” and an average target price of $121.57.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock opened at $104.58 on Friday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 22.39 and a beta of 1.58. The stock’s 50-day moving average is $114.56 and its 200-day moving average is $102.53. Advanced Energy Industries, Inc. has a one year low of $68.00 and a one year high of $126.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.80 and a quick ratio of 2.51.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Advanced Energy Industries had a net margin of 9.52% and a return on equity of 19.88%. The firm had revenue of $415.51 million during the quarter, compared to the consensus estimate of $414.11 million. Equities analysts predict that Advanced Energy Industries, Inc. will post 4.16 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 21st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.40 annualized dividend and a yield of 0.38%. Advanced Energy Industries’s payout ratio is presently 8.57%.

Insider Buying and Selling

In related news, Director Ronald C. Foster sold 2,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $118.48, for a total transaction of $236,960.00. Following the sale, the director now owns 3,618 shares in the company, valued at $428,660.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Advanced Energy Industries news, CFO Paul R. Oldham sold 3,080 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $110.00, for a total transaction of $338,800.00. Following the transaction, the chief financial officer now owns 32,434 shares of the company’s stock, valued at $3,567,740. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ronald C. Foster sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $118.48, for a total value of $236,960.00. Following the transaction, the director now directly owns 3,618 shares in the company, valued at approximately $428,660.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,080 shares of company stock worth $1,044,520. Corporate insiders own 2.00% of the company’s stock.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, and high voltage systems, as well as radio frequency (RF) power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.