Caprock Group LLC Sells 183 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Caprock Group LLC trimmed its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 8.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,979 shares of the electronics maker’s stock after selling 183 shares during the period. Caprock Group LLC’s holdings in Advanced Energy Industries were worth $208,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AEIS. Earnest Partners LLC boosted its position in Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after acquiring an additional 199,578 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Advanced Energy Industries by 22.4% during the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after purchasing an additional 118,328 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Advanced Energy Industries by 23.5% during the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock valued at $58,754,000 after purchasing an additional 102,659 shares in the last quarter. Vanguard Group Inc. grew its stake in Advanced Energy Industries by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock worth $463,335,000 after purchasing an additional 73,028 shares during the period. Finally, Great Lakes Advisors LLC bought a new position in Advanced Energy Industries in the second quarter worth $6,873,000. Institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

AEIS has been the topic of a number of research reports. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They set a “buy” rating and a $135.00 target price for the company. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Finally, Susquehanna dropped their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Eight equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Advanced Energy Industries presently has a consensus rating of “Hold” and a consensus price target of $113.75.

Advanced Energy Industries Trading Up 2.4 %

Shares of NASDAQ:AEIS opened at $115.19 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. Advanced Energy Industries, Inc. has a 1 year low of $89.11 and a 1 year high of $120.81. The company has a market cap of $4.34 billion, a P/E ratio of 101.04, a PEG ratio of 6.61 and a beta of 1.48. The stock’s fifty day moving average price is $107.87 and its 200-day moving average price is $106.88.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The business had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The firm’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 EPS. Sell-side analysts expect that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Advanced Energy Industries’s dividend payout ratio (DPR) is 35.09%.

Insider Buying and Selling

In related news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.