Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,412 shares of the electronics maker’s stock after selling 188 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Advanced Energy Industries were worth $626,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AEIS. Versant Capital Management Inc boosted its stake in shares of Advanced Energy Industries by 535.3% in the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 182 shares during the period. Venturi Wealth Management LLC purchased a new position in Advanced Energy Industries in the 4th quarter valued at about $74,000. Blue Trust Inc. grew its stake in shares of Advanced Energy Industries by 26.3% during the fourth quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker’s stock valued at $108,000 after acquiring an additional 213 shares in the last quarter. Principal Securities Inc. grew its stake in shares of Advanced Energy Industries by 16.1% during the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker’s stock valued at $114,000 after acquiring an additional 137 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Advanced Energy Industries by 398.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the electronics maker’s stock worth $122,000 after acquiring an additional 845 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Price Performance

AEIS opened at $81.93 on Tuesday. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $109.66 and its 200 day moving average price is $112.08. Advanced Energy Industries, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $132.16. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 57.29, a price-to-earnings-growth ratio of 1.39 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. As a group, sell-side analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. Advanced Energy Industries’s dividend payout ratio is currently 27.97%.

Insider Buying and Selling

In related news, Director Lanesha Minnix sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the sale, the director now owns 3,492 shares of the company’s stock, valued at $451,760.04. The trade was a 31.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the sale, the chief operating officer now directly owns 19,822 shares in the company, valued at $2,212,333.42. This represents a 49.34 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

AEIS has been the subject of a number of analyst reports. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $110.00 to $138.00 in a report on Monday, January 6th. Wells Fargo & Company reduced their target price on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Robert W. Baird dropped their price target on shares of Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus increased their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Monday, December 16th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.56.

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.