Heritage Family Offices LLP Buys 116 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Heritage Family Offices LLP grew its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 6.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,019 shares of the electronics maker’s stock after purchasing an additional 116 shares during the quarter. Heritage Family Offices LLP’s holdings in Advanced Energy Industries were worth $233,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AEIS. Earnest Partners LLC grew its holdings in shares of Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after acquiring an additional 199,578 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Advanced Energy Industries by 22.4% during the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after purchasing an additional 118,328 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Advanced Energy Industries during the third quarter valued at approximately $12,306,000. Principal Financial Group Inc. grew its stake in Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after purchasing an additional 53,566 shares during the period. Finally, Sora Investors LLC bought a new position in Advanced Energy Industries in the third quarter worth $4,736,000. 99.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AEIS has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. TD Cowen dropped their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their price target on Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.89.

Insider Buying and Selling at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the sale, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.87% of the stock is owned by corporate insiders.

Advanced Energy Industries Price Performance

Shares of NASDAQ:AEIS opened at $119.66 on Friday. The business has a 50-day simple moving average of $116.35 and a two-hundred day simple moving average of $109.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 104.97, a price-to-earnings-growth ratio of 3.77 and a beta of 1.46. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $128.70.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, analysts expect that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Monday, November 25th. Advanced Energy Industries’s payout ratio is currently 35.09%.

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.