FDx Advisors Inc. Has $590,000 Holdings in Advanced Energy Industries, Inc. (AEIS)

FDx Advisors Inc. boosted its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 128.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,307 shares of the electronics maker’s stock after buying an additional 4,110 shares during the quarter. FDx Advisors Inc.’s holdings in Advanced Energy Industries were worth $590,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its position in shares of Advanced Energy Industries by 9.5% in the second quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock valued at $140,000 after purchasing an additional 187 shares during the period. Meeder Asset Management Inc. grew its position in shares of Advanced Energy Industries by 12.5% in the second quarter. Meeder Asset Management Inc. now owns 2,191 shares of the electronics maker’s stock valued at $141,000 after purchasing an additional 244 shares during the period. D.A. Davidson & CO. grew its position in shares of Advanced Energy Industries by 0.7% in the second quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock valued at $142,000 after purchasing an additional 16 shares during the period. Riverhead Capital Management LLC grew its position in shares of Advanced Energy Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock valued at $151,000 after purchasing an additional 831 shares during the period. Finally, Pacad Investment Ltd. acquired a new stake in shares of Advanced Energy Industries in the second quarter valued at about $188,000. Institutional investors own 92.99% of the company’s stock.

Advanced Energy Industries, Inc. (NASDAQ AEIS) traded down $2.31 on Monday, reaching $70.24. 678,237 shares of the company were exchanged, compared to its average volume of 430,475. The firm has a market capitalization of $2,877.14, a price-to-earnings ratio of 17.61, a PEG ratio of 1.16 and a beta of 1.29. Advanced Energy Industries, Inc. has a 52-week low of $52.12 and a 52-week high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. The firm had revenue of $176.60 million for the quarter, compared to analyst estimates of $165.77 million. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. Advanced Energy Industries’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 earnings per share. analysts forecast that Advanced Energy Industries, Inc. will post 4.26 EPS for the current fiscal year.

In other Advanced Energy Industries news, Director Frederick Ball sold 4,000 shares of Advanced Energy Industries stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.51, for a total transaction of $334,040.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas O. Mcgimpsey sold 5,190 shares of Advanced Energy Industries stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $85.06, for a total transaction of $441,461.40. The disclosure for this sale can be found here. Insiders have sold 70,603 shares of company stock worth $5,750,808 over the last 90 days. 1.13% of the stock is currently owned by company insiders.

Several analysts have recently issued reports on the stock. ValuEngine lowered shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Needham & Company LLC lifted their target price on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. KeyCorp reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Friday, November 3rd. Finally, Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Advanced Energy Industries has an average rating of “Hold” and an average target price of $81.60.

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About Advanced Energy Industries

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.

Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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