Illinois Municipal Retirement Fund Trims Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Illinois Municipal Retirement Fund trimmed its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,089 shares of the electronics maker’s stock after selling 432 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of Advanced Energy Industries worth $2,406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Peregrine Capital Management LLC purchased a new stake in shares of Advanced Energy Industries in the fourth quarter valued at about $7,856,000. Moody Aldrich Partners LLC raised its holdings in shares of Advanced Energy Industries by 130.4% in the fourth quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock valued at $3,571,000 after buying an additional 18,561 shares during the last quarter. III Capital Management purchased a new position in Advanced Energy Industries during the third quarter worth about $897,000. Vaughan Nelson Investment Management L.P. raised its holdings in Advanced Energy Industries by 4.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock worth $45,991,000 after purchasing an additional 17,290 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Advanced Energy Industries by 61.0% during the third quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker’s stock worth $24,021,000 after purchasing an additional 88,267 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their price target on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $115.14.

Advanced Energy Industries Stock Up 1.0 %

Shares of NASDAQ AEIS opened at $93.78 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10. The firm has a market cap of $3.50 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 3.26 and a beta of 1.55. Advanced Energy Industries, Inc. has a 1 year low of $81.86 and a 1 year high of $126.38. The firm’s 50 day moving average price is $98.30 and its 200 day moving average price is $99.25.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Tuesday, February 6th. The electronics maker reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.10. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. The business had revenue of $405.27 million for the quarter, compared to the consensus estimate of $407.66 million. As a group, sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 2.88 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.43%. The ex-dividend date was Thursday, February 15th. Advanced Energy Industries’s dividend payout ratio (DPR) is 11.76%.

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.