Healthcare of Ontario Pension Plan Trust Fund Buys 5,000 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Healthcare of Ontario Pension Plan Trust Fund increased its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 14.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 39,578 shares of the electronics maker’s stock after purchasing an additional 5,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Advanced Energy Industries were worth $4,036,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Advanced Energy Industries in the first quarter worth approximately $25,000. Parallel Advisors LLC raised its position in shares of Advanced Energy Industries by 78.2% during the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 154 shares during the period. Signaturefd LLC lifted its holdings in shares of Advanced Energy Industries by 52.3% in the 4th quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock worth $66,000 after purchasing an additional 209 shares in the last quarter. Principal Securities Inc. acquired a new stake in Advanced Energy Industries in the 4th quarter valued at $87,000. Finally, Central Pacific Bank Trust Division bought a new stake in Advanced Energy Industries during the 1st quarter valued at $114,000. 99.67% of the stock is owned by institutional investors.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock opened at $108.58 on Friday. The firm has a market capitalization of $4.07 billion, a P/E ratio of 39.92, a price-to-earnings-growth ratio of 5.37 and a beta of 1.52. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $108.89 and its 200 day simple moving average is $103.39. Advanced Energy Industries, Inc. has a 12 month low of $81.86 and a 12 month high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The company had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $351.74 million. During the same period last year, the firm posted $1.10 earnings per share. Advanced Energy Industries’s quarterly revenue was down 22.9% compared to the same quarter last year. As a group, analysts anticipate that Advanced Energy Industries, Inc. will post 2.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AEIS shares. Benchmark reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. StockNews.com cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Susquehanna lowered their price objective on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Citigroup downgraded Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a report on Monday, July 15th. Finally, Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Advanced Energy Industries has an average rating of “Hold” and a consensus target price of $105.33.

Advanced Energy Industries 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.