Public Sector Pension Investment Board Boosts Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Public Sector Pension Investment Board grew its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 7.8% during the second quarter, HoldingsChannel.com reports. The fund owned 82,345 shares of the electronics maker’s stock after buying an additional 5,930 shares during the quarter. Public Sector Pension Investment Board’s holdings in Advanced Energy Industries were worth $8,956,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Advanced Energy Industries by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock worth $463,335,000 after acquiring an additional 73,028 shares during the period. Dimensional Fund Advisors LP increased its position in Advanced Energy Industries by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock worth $103,428,000 after purchasing an additional 15,577 shares during the last quarter. First Trust Advisors LP increased its stake in Advanced Energy Industries by 11.8% during the fourth quarter. First Trust Advisors LP now owns 545,079 shares of the electronics maker’s stock worth $59,370,000 after acquiring an additional 57,610 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Advanced Energy Industries by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock valued at $58,754,000 after buying an additional 102,659 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Advanced Energy Industries by 2.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 514,424 shares of the electronics maker’s stock worth $55,949,000 after acquiring an additional 13,967 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Robert W. Baird began coverage on shares of Advanced Energy Industries in a report on Friday. They issued an “outperform” rating and a $128.00 price target on the stock. Wells Fargo & Company boosted their price target on Advanced Energy Industries from $97.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. StockNews.com cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Friday. TD Cowen raised their price target on Advanced Energy Industries from $100.00 to $120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus assumed coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $114.89.

Advanced Energy Industries Stock Performance

NASDAQ AEIS opened at $101.16 on Tuesday. The company has a fifty day moving average of $104.30 and a two-hundred day moving average of $103.27. The company has a market capitalization of $3.79 billion, a PE ratio of 37.19, a P/E/G ratio of 4.88 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. Advanced Energy Industries, Inc. has a 1 year low of $81.86 and a 1 year high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The firm had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. During the same period last year, the firm posted $0.95 EPS. Advanced Energy Industries’s quarterly revenue was down 12.2% on a year-over-year basis. As a group, analysts expect that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Monday, August 26th. Advanced Energy Industries’s dividend payout ratio is currently 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.