Alliancebernstein L.P. Sells 450 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Alliancebernstein L.P. trimmed its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,403 shares of the electronics maker’s stock after selling 450 shares during the quarter. Alliancebernstein L.P. owned 0.12% of Advanced Energy Industries worth $5,366,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AEIS. Versant Capital Management Inc lifted its holdings in shares of Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 182 shares during the period. Venturi Wealth Management LLC acquired a new stake in Advanced Energy Industries during the fourth quarter valued at approximately $74,000. Blue Trust Inc. grew its stake in shares of Advanced Energy Industries by 26.3% in the 4th quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker’s stock valued at $108,000 after purchasing an additional 213 shares during the period. Principal Securities Inc. raised its holdings in shares of Advanced Energy Industries by 16.1% in the 4th quarter. Principal Securities Inc. now owns 989 shares of the electronics maker’s stock worth $114,000 after buying an additional 137 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Advanced Energy Industries by 398.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the electronics maker’s stock valued at $122,000 after buying an additional 845 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Price Performance

Shares of AEIS stock opened at $86.77 on Friday. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 60.68, a PEG ratio of 1.39 and a beta of 1.47. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $132.16. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $106.58 and a 200 day moving average price of $111.37.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. Research analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 27.97%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $138.00 in a report on Monday, January 6th. Wells Fargo & Company reduced their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Monday, December 16th. Stifel Nicolaus increased their price target on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Robert W. Baird cut their price objective on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $126.56.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the transaction, the director now directly owns 3,492 shares in the company, valued at approximately $451,760.04. The trade was a 31.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the sale, the chief operating officer now owns 19,822 shares of the company’s stock, valued at $2,212,333.42. This trade represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

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.