630,746 Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS) Acquired by Channing Capital Management LLC

Channing Capital Management LLC acquired a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 630,746 shares of the electronics maker’s stock, valued at approximately $68,701,000. Advanced Energy Industries accounts for 2.0% of Channing Capital Management LLC’s portfolio, making the stock its 24th largest holding. Channing Capital Management LLC owned approximately 1.69% of Advanced Energy Industries at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Advanced Energy Industries by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,437,545 shares of the electronics maker’s stock valued at $457,600,000 after acquiring an additional 37,231 shares during the period. FMR LLC lifted its stake in Advanced Energy Industries by 16.8% during the 3rd quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock valued at $415,262,000 after acquiring an additional 577,765 shares during the period. Earnest Partners LLC lifted its stake in Advanced Energy Industries by 0.5% during the 3rd quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock valued at $161,750,000 after acquiring an additional 7,701 shares during the period. Victory Capital Management Inc. lifted its stake in Advanced Energy Industries by 6.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,167,892 shares of the electronics maker’s stock valued at $127,207,000 after acquiring an additional 75,351 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Advanced Energy Industries by 4.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock valued at $45,991,000 after acquiring an additional 17,290 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research note on Thursday. Benchmark reiterated a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research note on Thursday. Wells Fargo & Company decreased their target price on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Susquehanna decreased their target price on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, StockNews.com cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.86.

Advanced Energy Industries Price Performance

NASDAQ AEIS traded up $2.36 on Friday, hitting $97.99. The company had a trading volume of 259,377 shares, compared to its average volume of 190,477. The company has a market capitalization of $3.67 billion, a PE ratio of 36.03, a PEG ratio of 3.43 and a beta of 1.54. The company’s fifty day moving average price is $97.79 and its 200-day moving average price is $99.14. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.10. Advanced Energy Industries, Inc. has a 12-month low of $81.86 and a 12-month high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09). The company had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $351.74 million. Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. Advanced Energy Industries’s revenue was down 22.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. As a group, analysts predict that Advanced Energy Industries, Inc. will post 2.88 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 27th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date is Thursday, May 23rd. Advanced Energy Industries’s payout ratio is presently 14.71%.

Advanced Energy Industries Company Profile

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.