Lingohr & Partner Asset Management GmbH decreased its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 14.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 20,035 shares of the electronics maker’s stock after selling 3,400 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Advanced Energy Industries were worth $1,035,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of AEIS. Summit Trail Advisors LLC increased its holdings in shares of Advanced Energy Industries by 5,051.2% during the 1st quarter. Summit Trail Advisors LLC now owns 106,167 shares of the electronics maker’s stock valued at $106,000 after acquiring an additional 104,106 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Advanced Energy Industries during the 2nd quarter valued at about $110,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Advanced Energy Industries during the 1st quarter valued at about $120,000. Integrated Investment Consultants LLC acquired a new position in shares of Advanced Energy Industries during the 2nd quarter valued at about $136,000. Finally, HPM Partners LLC acquired a new position in shares of Advanced Energy Industries during the 2nd quarter valued at about $211,000. 94.01% of the stock is currently owned by institutional investors and hedge funds.
AEIS opened at $46.90 on Friday. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 1.08 and a beta of 1.09. Advanced Energy Industries, Inc. has a 12-month low of $45.75 and a 12-month high of $95.00.
Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, July 30th. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.10). The business had revenue of $196.00 million during the quarter, compared to analyst estimates of $199.60 million. Advanced Energy Industries had a net margin of 19.68% and a return on equity of 33.40%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $1.22 EPS. Equities research analysts forecast that Advanced Energy Industries, Inc. will post 4.47 earnings per share for the current fiscal year.
In other Advanced Energy Industries news, CFO Thomas O. Mcgimpsey sold 8,391 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $59.32, for a total value of $497,754.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.
A number of analysts have issued reports on AEIS shares. DA Davidson lowered their target price on Advanced Energy Industries to $90.00 and set a “buy” rating on the stock in a report on Thursday, June 21st. Cowen reaffirmed a “buy” rating and issued a $76.00 target price on shares of Advanced Energy Industries in a report on Wednesday, August 1st. Stifel Nicolaus lowered their target price on Advanced Energy Industries from $87.00 to $78.00 and set a “hold” rating on the stock in a report on Wednesday, August 1st. Citigroup set a $58.00 target price on Advanced Energy Industries and gave the company a “hold” rating in a report on Monday. Finally, Zacks Investment Research lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Monday, June 25th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Advanced Energy Industries presently has an average rating of “Hold” and a consensus price target of $75.17.
Advanced Energy Industries Profile
Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.
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