10,754 Advanced Energy Industries, Inc. $AEIS Shares Acquired by CenterBook Partners LP

CenterBook Partners LP lifted its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 32.3% during the third quarter, Holdings Channel reports. The fund owned 44,006 shares of the electronics maker’s stock after buying an additional 10,754 shares during the quarter. CenterBook Partners LP’s holdings in Advanced Energy Industries were worth $12,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Basecamp Wealth Advisors LLC lifted its position in Advanced Energy Industries by 16.2% during the first quarter. Basecamp Wealth Advisors LLC now owns 222 shares of the electronics maker’s stock valued at $72,000 after purchasing an additional 31 shares during the period. Kintra Wealth LLC boosted its holdings in Advanced Energy Industries by 3.9% in the second quarter. Kintra Wealth LLC now owns 1,092 shares of the electronics maker’s stock valued at $407,000 after purchasing an additional 41 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Advanced Energy Industries by 21.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 246 shares of the electronics maker’s stock worth $69,000 after purchasing an additional 43 shares during the period. North Dakota State Investment Board grew its position in Advanced Energy Industries by 4.1% during the 3rd quarter. North Dakota State Investment Board now owns 1,156 shares of the electronics maker’s stock worth $326,000 after purchasing an additional 45 shares during the period. Finally, Sowell Financial Services LLC grew its position in Advanced Energy Industries by 5.0% during the 3rd quarter. Sowell Financial Services LLC now owns 1,377 shares of the electronics maker’s stock worth $388,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, COO Eduardo Acebedo sold 24,771 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total value of $7,814,755.08. Following the transaction, the chief operating officer owned 23,109 shares in the company, valued at approximately $7,290,427.32. This trade represents a 51.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth Vonne sold 908 shares of Advanced Energy Industries stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total transaction of $302,073.44. Following the sale, the executive vice president directly owned 10,712 shares in the company, valued at approximately $3,563,668.16. This trade represents a 7.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 27,218 shares of company stock valued at $8,562,008. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $360.00 to $310.00 and set an “overweight” rating for the company in a research note on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $400.00 target price on shares of Advanced Energy Industries in a research note on Tuesday, August 4th. Citigroup dropped their target price on Advanced Energy Industries from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday. Morgan Stanley reduced their price target on Advanced Energy Industries from $375.00 to $368.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Seaport Research Partners raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 price target for the company in a report on Tuesday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $391.64.

Advanced Energy Industries Price Performance

Shares of Advanced Energy Industries stock traded up $11.35 during trading hours on Friday, reaching $197.01. The stock had a trading volume of 971,943 shares, compared to its average volume of 617,481. The stock’s 50 day moving average is $260.11 and its 200 day moving average is $306.30. The company has a current ratio of 3.79, a quick ratio of 2.94 and a debt-to-equity ratio of 0.78. Advanced Energy Industries, Inc. has a twelve month low of $178.37 and a twelve month high of $397.44. The firm has a market capitalization of $7.89 billion, a PE ratio of 28.35 and a beta of 1.38.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Monday, November 2nd. The electronics maker reported $3.65 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.61. The firm had revenue of $696.40 million during the quarter, compared to analyst estimates of $644.85 million. Advanced Energy Industries had a return on equity of 25.79% and a net margin of 12.72%. Advanced Energy Industries’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 EPS. Equities analysts expect that Advanced Energy Industries, Inc. will post 9.86 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Monday, November 23rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, November 23rd. Advanced Energy Industries’s dividend payout ratio is currently 5.76%.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc develops and manufactures precision power-conversion, measurement and control technologies. Its products are designed to regulate, transform and deliver electrical power with high levels of accuracy and reliability in demanding industrial applications.

The company’s portfolio includes direct-current and alternating-current power supplies, radio-frequency power systems, high-voltage power supplies, thermal-management equipment, power control modules, and measurement and control instruments.