Quantinno Capital Management LP boosted its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 32.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,789 shares of the electronics maker’s stock after purchasing an additional 3,640 shares during the period. Quantinno Capital Management LP’s holdings in Advanced Energy Industries were worth $4,773,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Advanced Energy Industries in the first quarter worth about $29,000. Root Financial Partners LLC grew its holdings in Advanced Energy Industries by 33.3% during the first quarter. Root Financial Partners LLC now owns 108 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 27 shares during the period. Kemnay Advisory Services Inc. purchased a new position in Advanced Energy Industries during the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new position in Advanced Energy Industries in the first quarter valued at approximately $40,000. Finally, Main Street Group LTD acquired a new position in Advanced Energy Industries in the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Price Performance
NASDAQ:AEIS opened at $323.91 on Friday. The stock has a 50 day moving average of $320.03 and a two-hundred day moving average of $322.50. The company has a current ratio of 3.79, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. The firm has a market cap of $12.97 billion, a P/E ratio of 60.43, a price-to-earnings-growth ratio of 1.34 and a beta of 1.29. Advanced Energy Industries, Inc. has a 12 month low of $140.66 and a 12 month high of $397.44.
Advanced Energy Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Advanced Energy Industries’s payout ratio is presently 7.46%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on AEIS shares. TD Cowen raised their price objective on shares of Advanced Energy Industries from $350.00 to $370.00 and gave the stock a “hold” rating in a research note on Tuesday. Cantor Fitzgerald reissued an “overweight” rating on shares of Advanced Energy Industries in a report on Tuesday. KeyCorp raised their price target on shares of Advanced Energy Industries from $375.00 to $415.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Zacks Research raised shares of Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Susquehanna upped their price objective on shares of Advanced Energy Industries from $430.00 to $535.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $409.50.
View Our Latest Analysis on Advanced Energy Industries
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.
Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.
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