Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Scout Investments Inc.

Scout Investments Inc. cut its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,540 shares of the electronics maker’s stock after selling 1,291 shares during the period. Scout Investments Inc. owned 0.22% of Advanced Energy Industries worth $8,990,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AEIS. Vanguard Group Inc. lifted its stake in Advanced Energy Industries by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,437,545 shares of the electronics maker’s stock worth $457,600,000 after purchasing an additional 37,231 shares in the last quarter. FMR LLC lifted its stake in Advanced Energy Industries by 16.8% during the third quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock worth $415,262,000 after purchasing an additional 577,765 shares in the last quarter. Earnest Partners LLC lifted its stake in Advanced Energy Industries by 0.5% during the third quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock worth $161,750,000 after purchasing an additional 7,701 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Advanced Energy Industries by 6.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,167,892 shares of the electronics maker’s stock worth $127,207,000 after purchasing an additional 75,351 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Advanced Energy Industries by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 923,960 shares of the electronics maker’s stock worth $100,641,000 after purchasing an additional 3,093 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Down 2.0 %

Advanced Energy Industries stock traded down $2.15 during midday trading on Friday, reaching $105.39. The company’s stock had a trading volume of 111,848 shares, compared to its average volume of 157,983. Advanced Energy Industries, Inc. has a fifty-two week low of $81.86 and a fifty-two week high of $126.38. The company has a quick ratio of 4.40, a current ratio of 5.61 and a debt-to-equity ratio of 0.78. The company has a market cap of $3.95 billion, a P/E ratio of 38.75, a P/E/G ratio of 5.26 and a beta of 1.53. The business has a 50-day simple moving average of $100.93 and a 200-day simple moving average of $101.80.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The business had revenue of $327.50 million during the quarter, compared to analyst estimates of $351.74 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. The firm’s quarterly revenue was down 22.9% on a year-over-year basis. On average, research analysts expect that Advanced Energy Industries, Inc. will post 2.33 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, May 27th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 14.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AEIS shares. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research note on Tuesday, May 21st. StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Susquehanna cut their price objective on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Benchmark reaffirmed a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research report on Thursday, May 2nd. Finally, Citigroup upped their price objective on Advanced Energy Industries from $107.00 to $113.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Energy Industries presently has a consensus rating of “Hold” and an average target price of $108.86.

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.