Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 49.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 410 shares of the electronics maker’s stock after selling 400 shares during the quarter. Blue Trust Inc.’s holdings in Advanced Energy Industries were worth $47,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of AEIS. Raymond James & Associates raised its holdings in shares of Advanced Energy Industries by 2.4% in the 3rd quarter. Raymond James & Associates now owns 24,763 shares of the electronics maker’s stock worth $2,606,000 after purchasing an additional 583 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Advanced Energy Industries by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after buying an additional 130 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Advanced Energy Industries by 3.6% in the third quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker’s stock valued at $19,244,000 after buying an additional 6,217 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Advanced Energy Industries by 12.4% during the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock valued at $50,920,000 after acquiring an additional 53,566 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Advanced Energy Industries by 1.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 18,090 shares of the electronics maker’s stock worth $1,904,000 after acquiring an additional 260 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the transaction, the director now directly owns 3,492 shares of the company’s stock, valued at $451,760.04. The trade was a 31.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AEIS. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Benchmark reiterated a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Wells Fargo & Company reduced their price target on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. TD Cowen dropped their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, Robert W. Baird reduced their target price 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. Four equities research 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.56.

Advanced Energy Industries Trading Up 1.6 %

Shares of AEIS stock opened at $123.40 on Thursday. The business’s 50 day moving average is $118.69 and its two-hundred day moving average is $111.97. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $132.16. The company has a market cap of $4.65 billion, a PE ratio of 86.29, a price-to-earnings-growth ratio of 1.39 and a beta of 1.45.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. Equities analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Advanced Energy Industries’s dividend payout ratio is presently 27.97%.

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.