BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires New Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the third quarter, HoldingsChannel reports. The firm bought 116,934 shares of the electronics maker’s stock, valued at approximately $12,306,000.

Other large investors also recently bought and sold shares of the company. Earnest Partners LLC raised its position in shares of Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after acquiring an additional 199,578 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Advanced Energy Industries by 22.4% during the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after purchasing an additional 118,328 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Advanced Energy Industries by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after buying an additional 102,659 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Advanced Energy Industries by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after buying an additional 73,028 shares during the period. Finally, Great Lakes Advisors LLC bought a new stake in shares of Advanced Energy Industries during the 2nd quarter valued at about $6,873,000. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

Shares of AEIS opened at $115.19 on Friday. Advanced Energy Industries, Inc. has a 52-week low of $89.11 and a 52-week high of $120.81. The firm has a market capitalization of $4.34 billion, a PE ratio of 101.04, a P/E/G ratio of 6.61 and a beta of 1.48. The firm has a 50-day moving average price of $107.87 and a 200 day moving average price of $106.84. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The company had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. During the same period last year, the firm earned $1.12 EPS. The firm’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 fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 35.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AEIS shares. TD Cowen decreased their target price 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. Benchmark restated a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday. Robert W. Baird dropped their target price on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $113.75.

Insider Activity

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’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 completion of the transaction, the director now directly owns 5,092 shares in the company, valued at $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by company 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.