Strs Ohio Cuts Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)


Share on StockTwits

Strs Ohio trimmed its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 44.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,600 shares of the electronics maker’s stock after selling 1,300 shares during the quarter. Strs Ohio’s holdings in Advanced Energy Industries were worth $100,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AEIS. Point72 Hong Kong Ltd acquired a new stake in Advanced Energy Industries in the 3rd quarter valued at $28,000. Nachman Norwood & Parrott Inc acquired a new stake in Advanced Energy Industries in the 3rd quarter valued at $28,000. USA Financial Portformulas Corp acquired a new stake in Advanced Energy Industries in the 3rd quarter valued at $32,000. Ropes Wealth Advisors LLC acquired a new stake in Advanced Energy Industries in the 3rd quarter valued at $38,000. Finally, Eudaimonia Partners LLC acquired a new stake in Advanced Energy Industries during the 3rd quarter worth $68,000. 78.85% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:AEIS opened at $96.97 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.91 and a quick ratio of 2.14. The firm has a market capitalization of $3.71 billion, a PE ratio of 35.91 and a beta of 1.83. The firm’s 50-day moving average is $96.11 and its two-hundred day moving average is $76.54. Advanced Energy Industries, Inc. has a 1 year low of $33.38 and a 1 year high of $104.43.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Tuesday, November 10th. The electronics maker reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.50. Advanced Energy Industries had a net margin of 7.45% and a return on equity of 23.64%. The company had revenue of $389.52 million for the quarter, compared to analyst estimates of $350.91 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up 122.4% compared to the same quarter last year. Analysts expect that Advanced Energy Industries, Inc. will post 4.82 EPS for the current fiscal year.

Several equities research analysts have issued reports on the stock. Raymond James lifted their target price on shares of Advanced Energy Industries from $90.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 15th. DA Davidson boosted their price target on shares of Advanced Energy Industries from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, December 15th. BidaskClub raised shares of Advanced Energy Industries from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 5th. Cowen boosted their price target on shares of Advanced Energy Industries from $88.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, December 15th. Finally, ValuEngine raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Friday, October 30th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $103.38.

In other news, CEO Yuval Wasserman sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $84.73, for a total transaction of $423,650.00. Following the completion of the transaction, the chief executive officer now directly owns 162,448 shares of the company’s stock, valued at $13,764,219.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

Read More: How to calculate the annual rate of depreciation

Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS).

Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.