Ameriprise Financial Inc. Has $262.04 Million Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Ameriprise Financial Inc. lessened its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,673,887 shares of the electronics maker’s stock after selling 202,920 shares during the period. Ameriprise Financial Inc. owned about 7.12% of Advanced Energy Industries worth $262,041,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEIS. Dark Forest Capital Management LP purchased a new stake in Advanced Energy Industries in the 4th quarter valued at about $25,000. Point72 Middle East FZE purchased a new stake in shares of Advanced Energy Industries during the 4th quarter worth approximately $29,000. Fifth Third Bancorp increased its stake in shares of Advanced Energy Industries by 78.1% during the 1st quarter. Fifth Third Bancorp now owns 390 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 171 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Advanced Energy Industries by 193.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 499 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 329 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Advanced Energy Industries during the 1st quarter worth approximately $49,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Stock Down 2.0 %

AEIS opened at $104.58 on Friday. The company has a fifty day moving average price of $114.56 and a 200-day moving average price of $102.53. The firm has a market capitalization of $3.94 billion, a P/E ratio of 22.39 and a beta of 1.58. 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, Inc. has a one year low of $68.00 and a one year high of $126.38.

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

Advanced Energy Industries Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on AEIS. Needham & Company LLC lowered shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Raymond James raised their price objective on shares of Advanced Energy Industries from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Susquehanna raised their price objective on shares of Advanced Energy Industries from $98.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 4th. Citigroup raised their price objective on shares of Advanced Energy Industries from $114.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, KeyCorp raised their price target on shares of Advanced Energy Industries from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.57.

Insider Buying and Selling

In related news, CFO Paul R. Oldham sold 3,080 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $110.00, for a total value of $338,800.00. Following the completion of the transaction, the chief financial officer now directly owns 32,434 shares in the company, valued at $3,567,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Advanced Energy Industries news, Director Ronald C. Foster sold 2,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $110.92, for a total value of $221,840.00. Following the completion of the sale, the director now directly owns 7,618 shares of the company’s stock, valued at $844,988.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul R. Oldham sold 3,080 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 32,434 shares of the company’s stock, valued at $3,567,740. The disclosure for this sale can be found here. Over the last ninety days, insiders 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.