Louisiana State Employees Retirement System Makes New $2.04 Million Investment in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Louisiana State Employees Retirement System purchased a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the 4th quarter, Holdings Channel reports. The firm purchased 18,700 shares of the electronics maker’s stock, valued at approximately $2,037,000.

A number of other hedge funds have also modified their holdings of AEIS. Point72 Middle East FZE purchased a new stake in Advanced Energy Industries in the 4th quarter valued at approximately $29,000. Exchange Traded Concepts LLC acquired a new position in shares of Advanced Energy Industries in the third quarter worth $48,000. Tower Research Capital LLC TRC lifted its position in shares of Advanced Energy Industries by 193.5% in the first quarter. Tower Research Capital LLC TRC now owns 499 shares of the electronics maker’s stock valued at $49,000 after acquiring an additional 329 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Advanced Energy Industries during the first quarter valued at $49,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Advanced Energy Industries during the 3rd quarter worth about $85,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AEIS. Wells Fargo & Company reduced their target price on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. TheStreet upgraded shares of Advanced Energy Industries from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $115.14.

Advanced Energy Industries Trading Down 2.7 %

Shares of AEIS stock opened at $92.43 on Thursday. The firm has a market cap of $3.45 billion, a P/E ratio of 27.19, a PEG ratio of 3.32 and a beta of 1.55. Advanced Energy Industries, Inc. has a 1-year low of $81.86 and a 1-year high of $126.38. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.10 and a quick ratio of 4.10. The firm’s 50-day simple moving average is $99.62 and its 200-day simple moving average is $99.56.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.10. The business had revenue of $405.27 million for the quarter, compared to analyst estimates of $407.66 million. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. As a group, equities analysts forecast that Advanced Energy Industries, Inc. will post 2.88 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. Advanced Energy Industries’s payout ratio is currently 11.76%.

Advanced Energy Industries Company 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.