Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 666,506 shares of the electronics maker’s stock after selling 9,444 shares during the period. Loomis Sayles & Co. L P owned 1.77% of Advanced Energy Industries worth $70,143,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AEIS. Cerity Partners LLC grew its position in Advanced Energy Industries by 45.7% in the 3rd quarter. Cerity Partners LLC now owns 4,148 shares of the electronics maker’s stock worth $436,000 after purchasing an additional 1,302 shares during the last quarter. Integrated Investment Consultants LLC increased its position in Advanced Energy Industries by 17.6% in the 3rd quarter. Integrated Investment Consultants LLC now owns 4,494 shares of the electronics maker’s stock valued at $473,000 after acquiring an additional 673 shares during the period. Intech Investment Management LLC acquired a new stake in Advanced Energy Industries in the 3rd quarter valued at approximately $718,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Advanced Energy Industries during the 3rd quarter worth $12,306,000. Finally, Commerce Bank grew its stake in shares of Advanced Energy Industries by 34.0% in the third quarter. Commerce Bank now owns 3,327 shares of the electronics maker’s stock worth $350,000 after purchasing an additional 845 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

AEIS has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They set a “buy” rating and a $135.00 price objective on the stock. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Robert W. Baird decreased their price target on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $113.75.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS opened at $115.19 on Monday. The stock’s fifty day simple moving average is $107.87 and its 200 day simple moving average is $106.88. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 101.04, a PEG ratio of 6.77 and a beta of 1.48. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. Advanced Energy Industries, Inc. has a 52-week low of $89.11 and a 52-week high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The firm had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. During the same quarter in the previous year, the company earned $1.12 EPS. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.35%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s payout ratio is 35.09%.

Insider Activity

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

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.