Fort Washington Investment Advisors Inc. OH Purchases 12,860 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,556 shares of the electronics maker’s stock after acquiring an additional 12,860 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.37% of Advanced Energy Industries worth $16,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Advanced Energy Industries by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock valued at $103,428,000 after purchasing an additional 15,577 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Advanced Energy Industries by 7.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,259 shares of the electronics maker’s stock worth $463,000 after buying an additional 312 shares during the period. Canada Pension Plan Investment Board bought a new stake in Advanced Energy Industries during the 2nd quarter valued at $87,000. Evergreen Capital Management LLC purchased a new position in shares of Advanced Energy Industries in the 2nd quarter valued at $220,000. Finally, Squarepoint Ops LLC bought a new position in shares of Advanced Energy Industries in the 2nd quarter worth $688,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Benchmark reiterated a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Bank of America upgraded 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 research note on Monday, December 16th. Susquehanna lowered their target price on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Finally, TD Cowen lowered their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.89.

Advanced Energy Industries Price Performance

Shares of AEIS opened at $125.95 on Thursday. The company has a market capitalization of $4.74 billion, a P/E ratio of 110.48, a P/E/G ratio of 3.85 and a beta of 1.46. The business’s 50-day moving average is $117.09 and its two-hundred day moving average is $110.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $130.50.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.07. The company had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. Advanced Energy Industries’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period last year, the business earned $1.12 earnings per share. Research analysts predict that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a $0.10 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Advanced Energy Industries’s dividend payout ratio is presently 35.09%.

Insider Buying and Selling

In other news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now directly owns 5,092 shares of the company’s stock, valued at $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.87% of the stock is currently owned by insiders.

About Advanced Energy Industries

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.