Dimensional Fund Advisors LP Decreases Position in Advanced Energy Industries, Inc. (AEIS)

Dimensional Fund Advisors LP reduced its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 13.2% during the first quarter, Holdings Channel reports. The institutional investor owned 1,393,493 shares of the electronics maker’s stock after selling 211,085 shares during the period. Dimensional Fund Advisors LP’s holdings in Advanced Energy Industries were worth $95,537,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Advanced Energy Industries by 3.9% in the first quarter. Vanguard Group Inc. now owns 3,757,244 shares of the electronics maker’s stock valued at $257,596,000 after buying an additional 141,520 shares in the last quarter. State Street Corp increased its position in Advanced Energy Industries by 4.8% in the fourth quarter. State Street Corp now owns 919,386 shares of the electronics maker’s stock valued at $50,332,000 after buying an additional 41,776 shares in the last quarter. Principal Financial Group Inc. increased its position in Advanced Energy Industries by 0.6% in the first quarter. Principal Financial Group Inc. now owns 859,004 shares of the electronics maker’s stock valued at $58,893,000 after buying an additional 5,151 shares in the last quarter. Bank of New York Mellon Corp increased its position in Advanced Energy Industries by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 558,267 shares of the electronics maker’s stock valued at $38,275,000 after buying an additional 22,789 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Advanced Energy Industries by 1.4% in the first quarter. Wells Fargo & Company MN now owns 510,229 shares of the electronics maker’s stock valued at $34,982,000 after buying an additional 6,913 shares in the last quarter. 93.98% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at 69.05 on Friday. The firm has a market capitalization of $2.75 billion, a P/E ratio of 19.37 and a beta of 1.24. Advanced Energy Industries, Inc. has a 12 month low of $35.42 and a 12 month high of $86.25. The stock’s 50 day moving average price is $76.87 and its 200-day moving average price is $65.67.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, May 1st. The electronics maker reported $1.04 EPS for the quarter, beating the consensus estimate of $0.96 by $0.08. The business had revenue of $149.35 million for the quarter, compared to the consensus estimate of $147.86 million. Advanced Energy Industries had a return on equity of 35.38% and a net margin of 26.92%. The company’s revenue was up 45.0% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. On average, analysts forecast that Advanced Energy Industries, Inc. will post $3.99 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This report was first published by Mideast Time and is owned by of Mideast Time. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.mideasttime.com/dimensional-fund-advisors-lp-decreases-position-in-advanced-energy-industries-inc-aeis/1809321.html.

Several equities analysts have weighed in on AEIS shares. BidaskClub downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “strong-buy” rating and set a $86.00 target price for the company in a research report on Monday, May 8th. ValuEngine raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Citigroup Inc. lifted their target price on Advanced Energy Industries from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, March 20th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $75.00.

In related news, Director Thomas M. Rohrs sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $68.56, for a total transaction of $274,240.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Yuval Wasserman sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $77.25, for a total value of $1,545,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,796 shares of company stock worth $8,395,866. Company insiders own 1.13% of the company’s stock.

About Advanced Energy Industries

Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AEIS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS).

Receive News & Ratings for Advanced Energy Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.