Strs Ohio Has $315,000 Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Strs Ohio trimmed its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 45.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,900 shares of the electronics maker’s stock after selling 2,400 shares during the quarter. Strs Ohio’s holdings in Advanced Energy Industries were worth $315,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Advanced Energy Industries by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,437,545 shares of the electronics maker’s stock worth $457,600,000 after buying an additional 37,231 shares during the period. FMR LLC lifted its position in Advanced Energy Industries by 16.8% during the third quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock worth $415,262,000 after acquiring an additional 577,765 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Advanced Energy Industries by 0.5% during the third quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock worth $161,750,000 after acquiring an additional 7,701 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Advanced Energy Industries by 4.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock worth $45,991,000 after acquiring an additional 17,290 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Advanced Energy Industries by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 395,884 shares of the electronics maker’s stock valued at $40,824,000 after purchasing an additional 27,041 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock opened at $97.62 on Tuesday. The firm has a market cap of $3.64 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 3.36 and a beta of 1.56. 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 stock’s fifty day moving average price is $98.03 and its two-hundred day moving average price is $99.17. Advanced Energy Industries, Inc. has a one year low of $81.86 and a one year high of $126.38.

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

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio is currently 11.76%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped their price target on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $115.14.

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.