Seizert Capital Partners LLC Has $2.97 Million Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Seizert Capital Partners LLC decreased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,194 shares of the electronics maker’s stock after selling 269 shares during the quarter. Seizert Capital Partners LLC’s holdings in Advanced Energy Industries were worth $2,967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AEIS. Vanguard Group Inc. increased its holdings in shares of Advanced Energy Industries by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after acquiring an additional 73,028 shares during the last quarter. Earnest Partners LLC grew its holdings in Advanced Energy Industries by 13.5% during the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after purchasing an additional 199,578 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Advanced Energy Industries by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock valued at $103,428,000 after purchasing an additional 15,577 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after buying an additional 118,328 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Advanced Energy Industries by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after buying an additional 102,659 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Price Performance

NASDAQ:AEIS opened at $109.45 on Friday. The firm has a market cap of $4.12 billion, a PE ratio of 96.01, a price-to-earnings-growth ratio of 6.67 and a beta of 1.48. The company’s 50-day moving average price is $106.22 and its two-hundred day moving average price is $106.36. 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 12 month low of $89.11 and a 12 month high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. During the same period in the prior year, the company earned $1.12 EPS. Advanced Energy Industries’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, equities analysts anticipate that Advanced Energy Industries, Inc. will post 2.5 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Advanced Energy Industries’s dividend payout ratio is 35.09%.

Analysts Set New Price Targets

Several brokerages recently commented on AEIS. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Susquehanna decreased their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Finally, Robert W. Baird reduced their price objective on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $112.75.

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.