Parametrica Management Ltd acquired a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the fourth quarter, HoldingsChannel reports. The firm acquired 4,158 shares of the electronics maker’s stock, valued at approximately $281,000.
Other institutional investors also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Advanced Energy Industries by 4.1% during the 2nd quarter. State Street Corp now owns 1,019,290 shares of the electronics maker’s stock worth $65,937,000 after purchasing an additional 40,286 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Advanced Energy Industries during the 3rd quarter worth approximately $3,467,000. Cortina Asset Management LLC acquired a new position in shares of Advanced Energy Industries during the 3rd quarter worth approximately $18,683,000. ARP Americas LLC acquired a new position in shares of Advanced Energy Industries during the 3rd quarter worth approximately $300,000. Finally, Gotham Asset Management LLC increased its holdings in shares of Advanced Energy Industries by 820.4% during the 2nd quarter. Gotham Asset Management LLC now owns 136,617 shares of the electronics maker’s stock worth $8,838,000 after acquiring an additional 121,774 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.
Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at $69.69 on Monday. The firm has a market capitalization of $2,763.72, a P/E ratio of 16.06, a P/E/G ratio of 1.33 and a beta of 1.24. Advanced Energy Industries, Inc. has a 1-year low of $60.59 and a 1-year high of $95.00.
Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Tuesday, January 30th. The electronics maker reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.09. Advanced Energy Industries had a return on equity of 35.06% and a net margin of 20.55%. The firm had revenue of $179.21 million for the quarter, compared to analyst estimates of $177.07 million. During the same period in the prior year, the firm posted $1.06 EPS. The company’s revenue for the quarter was up 32.4% on a year-over-year basis. equities research analysts anticipate that Advanced Energy Industries, Inc. will post 4.76 EPS for the current year.
In other Advanced Energy Industries news, Director Frederick Ball sold 4,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.51, for a total value of $334,040.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Thomas O. Mcgimpsey sold 5,190 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $85.06, for a total value of $441,461.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,190 shares of company stock worth $1,494,101. Insiders own 1.13% of the company’s stock.
A number of research analysts recently weighed in on the company. Needham & Company LLC boosted their target price on Advanced Energy Industries from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. BidaskClub lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Zacks Investment Research lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Monday, January 15th. DA Davidson assumed coverage on Advanced Energy Industries in a report on Wednesday, January 10th. They set a “buy” rating and a $100.00 target price on the stock. Finally, ValuEngine lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Advanced Energy Industries presently has an average rating of “Hold” and a consensus target price of $85.20.
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Advanced Energy Industries Profile
Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.
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