Legato Capital Management LLC Grows Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Legato Capital Management LLC increased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 59.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,408 shares of the electronics maker’s stock after buying an additional 8,379 shares during the quarter. Legato Capital Management LLC’s holdings in Advanced Energy Industries were worth $2,591,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Advanced Energy Industries by 10.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker’s stock worth $16,137,000 after purchasing an additional 12,860 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Advanced Energy Industries by 3.6% in the third quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker’s stock worth $19,244,000 after purchasing an additional 6,217 shares during the period. Principal Financial Group Inc. increased its stake in shares of Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after purchasing an additional 53,566 shares in the last quarter. MQS Management LLC bought a new stake in shares of Advanced Energy Industries during the 3rd quarter valued at $664,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Advanced Energy Industries during the 3rd quarter valued at $12,306,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insiders Place Their Bets

In other Advanced Energy Industries 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 owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by insiders.

Advanced Energy Industries Stock Down 1.3 %

Shares of NASDAQ AEIS opened at $111.36 on Wednesday. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. Advanced Energy Industries, Inc. has a 12-month low of $89.11 and a 12-month high of $130.50. The firm’s 50-day moving average price is $117.26 and its 200-day moving average price is $110.40. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 97.69, a P/E/G ratio of 3.60 and a beta of 1.45.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Monday, February 24th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. Advanced Energy Industries’s dividend payout ratio (DPR) is 35.09%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Benchmark restated a “buy” rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. TD Cowen lowered their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $138.00 in a report on Monday, January 6th. Wells Fargo & Company boosted their target price on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, Robert W. Baird raised their target price on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.89.

Advanced Energy Industries 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.