Advanced Energy Industries, Inc. (NASDAQ:AEIS) Stock Holdings Lowered by Flputnam Investment Management Co.

Flputnam Investment Management Co. reduced its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,686 shares of the electronics maker’s stock after selling 352 shares during the quarter. Flputnam Investment Management Co.’s holdings in Advanced Energy Industries were worth $510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Advanced Energy Industries by 0.7% in the 1st quarter. BlackRock Inc. now owns 5,649,921 shares of the electronics maker’s stock worth $486,344,000 after purchasing an additional 40,829 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Advanced Energy Industries by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,437,545 shares of the electronics maker’s stock worth $457,600,000 after purchasing an additional 37,231 shares in the last quarter. FMR LLC raised its holdings in shares of Advanced Energy Industries by 16.8% during the third quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock valued at $415,262,000 after acquiring an additional 577,765 shares during the period. State Street Corp raised its holdings in shares of Advanced Energy Industries by 0.5% during the first quarter. State Street Corp now owns 1,855,952 shares of the electronics maker’s stock valued at $159,760,000 after acquiring an additional 8,883 shares during the period. Finally, Earnest Partners LLC raised 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 valued at $161,750,000 after acquiring an additional 7,701 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Stock Performance

Shares of AEIS opened at $92.43 on Thursday. The company’s 50 day moving average price is $99.62 and its 200 day moving average price is $99.56. Advanced Energy Industries, Inc. has a 52 week low of $81.86 and a 52 week high of $126.38. The company has a market capitalization of $3.45 billion, a PE ratio of 27.19, a PEG ratio of 3.32 and a beta of 1.55. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10.

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

Advanced Energy Industries Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on AEIS. TheStreet upgraded shares of Advanced Energy Industries from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Wells Fargo & Company cut their price target 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. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.