Quantinno Capital Management LP increased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 32.6% in the 1st quarter, HoldingsChannel reports. The fund owned 14,789 shares of the electronics maker’s stock after purchasing an additional 3,640 shares during the quarter. Quantinno Capital Management LP’s holdings in Advanced Energy Industries were worth $4,773,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Advanced Energy Industries by 16.5% during the 1st quarter. Royal Bank of Canada now owns 11,155 shares of the electronics maker’s stock worth $1,063,000 after purchasing an additional 1,578 shares during the period. Advisors Asset Management Inc. raised its holdings in Advanced Energy Industries by 47.7% in the 1st quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker’s stock valued at $51,000 after buying an additional 174 shares during the period. AQR Capital Management LLC acquired a new position in Advanced Energy Industries in the first quarter valued at about $468,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Advanced Energy Industries by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,278 shares of the electronics maker’s stock valued at $2,123,000 after buying an additional 970 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in Advanced Energy Industries during the first quarter worth about $228,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Price Performance
Shares of AEIS opened at $323.91 on Friday. The company has a market cap of $12.97 billion, a P/E ratio of 60.43, a PEG ratio of 1.34 and a beta of 1.29. Advanced Energy Industries, Inc. has a fifty-two week low of $140.66 and a fifty-two week high of $397.44. The company has a quick ratio of 1.13, a current ratio of 3.79 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average price is $320.03 and its 200 day moving average price is $322.50.
Advanced Energy Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be issued a $0.10 dividend. The ex-dividend date is Monday, August 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. Advanced Energy Industries’s dividend payout ratio (DPR) is 7.46%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on AEIS shares. Citigroup lifted their price target on shares of Advanced Energy Industries from $435.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday. Robert W. Baird increased their price objective on shares of Advanced Energy Industries from $360.00 to $380.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Zacks Research raised Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, KeyCorp upped their price target on Advanced Energy Industries from $375.00 to $415.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and an average price target of $409.50.
View Our Latest Analysis on Advanced Energy Industries
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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