Public Sector Pension Investment Board Sells 2,400 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Public Sector Pension Investment Board trimmed its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,945 shares of the electronics maker’s stock after selling 2,400 shares during the period. Public Sector Pension Investment Board owned about 0.21% of Advanced Energy Industries worth $8,413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Advanced Energy Industries by 9.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 43,357 shares of the electronics maker’s stock worth $4,563,000 after purchasing an additional 3,736 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Advanced Energy Industries during the third quarter valued at approximately $41,000. Cerity Partners LLC lifted its holdings in shares of Advanced Energy Industries by 45.7% in the third quarter. Cerity Partners LLC now owns 4,148 shares of the electronics maker’s stock worth $436,000 after buying an additional 1,302 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in shares of Advanced Energy Industries by 17.6% during the third quarter. Integrated Investment Consultants LLC now owns 4,494 shares of the electronics maker’s stock worth $473,000 after acquiring an additional 673 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Advanced Energy Industries during the third quarter worth $718,000. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $115.04 on Friday. The firm has a market capitalization of $4.33 billion, a PE ratio of 100.91, a PEG ratio of 6.73 and a beta of 1.48. The stock’s fifty day moving average is $109.20 and its 200 day moving average is $107.20. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $120.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a $0.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Advanced Energy Industries’s payout ratio is 35.09%.

Analysts Set New Price Targets

Several analysts have commented on AEIS shares. Stifel Nicolaus initiated coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They issued a “buy” rating and a $135.00 price target on the stock. 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. TD Cowen dropped their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Finally, StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $113.75.

Insider Buying and Selling

In other news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

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.