Dana Investment Advisors Inc. boosted its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 64,236 shares of the electronics maker’s stock after acquiring an additional 6,715 shares during the period. Dana Investment Advisors Inc.’s holdings in Advanced Energy Industries were worth $13,449,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in AEIS. Bayforest Capital Ltd bought a new position in Advanced Energy Industries in the fourth quarter worth about $29,000. Danske Bank A S bought a new position in Advanced Energy Industries in the third quarter worth about $34,000. Measured Wealth Private Client Group LLC bought a new position in Advanced Energy Industries in the third quarter worth about $36,000. EverSource Wealth Advisors LLC raised its holdings in Advanced Energy Industries by 67.7% in the second quarter. EverSource Wealth Advisors LLC now owns 312 shares of the electronics maker’s stock worth $41,000 after purchasing an additional 126 shares in the last quarter. Finally, Park Place Capital Corp bought a new position in Advanced Energy Industries in the fourth quarter worth about $51,000. 99.67% of the stock is currently owned by institutional investors.
Advanced Energy Industries Stock Down 6.1%
AEIS opened at $323.46 on Friday. Advanced Energy Industries, Inc. has a 52-week low of $112.25 and a 52-week high of $397.44. The company has a market cap of $12.30 billion, a P/E ratio of 68.10, a price-to-earnings-growth ratio of 1.45 and a beta of 1.40. The firm’s 50-day moving average price is $344.21 and its 200-day moving average price is $278.25.
Advanced Energy Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Monday, May 25th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, May 22nd. Advanced Energy Industries’s dividend payout ratio is 8.42%.
Insider Buying and Selling at Advanced Energy Industries
In related news, CEO Stephen Douglas Kelley sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $316.62, for a total value of $15,831,000.00. Following the transaction, the chief executive officer owned 80,376 shares in the company, valued at approximately $25,448,649.12. This represents a 38.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Shirley sold 1,234 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $310.19, for a total transaction of $382,774.46. Following the completion of the transaction, the director owned 5,584 shares in the company, valued at approximately $1,732,100.96. This trade represents a 18.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,478 shares of company stock worth $18,250,393 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.
Wall Street Analyst Weigh In
AEIS has been the topic of several recent analyst reports. Citigroup upped their price objective on shares of Advanced Energy Industries from $385.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Advanced Energy Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Needham & Company LLC upped their price objective on shares of Advanced Energy Industries from $330.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Susquehanna upped their price objective on shares of Advanced Energy Industries from $375.00 to $430.00 and gave the company a “positive” rating in a report on Tuesday, May 5th. Finally, Stifel Nicolaus upped their price objective on shares of Advanced Energy Industries from $310.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Moderate Buy” and a consensus price target of $358.00.
Check Out Our Latest Stock Analysis on AEIS
About Advanced Energy Industries
Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.
Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.
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