CenterBook Partners LP Makes New $984,000 Investment in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

CenterBook Partners LP acquired a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the 4th quarter, Holdings Channel reports. The firm acquired 8,512 shares of the electronics maker’s stock, valued at approximately $984,000.

A number of other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc increased its stake in Advanced Energy Industries by 535.3% in the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 182 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Advanced Energy Industries by 61.6% in the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker’s stock valued at $41,000 after buying an additional 135 shares during the period. Venturi Wealth Management LLC bought a new stake in Advanced Energy Industries in the 4th quarter valued at about $74,000. Blue Trust Inc. raised its stake in Advanced Energy Industries by 26.3% during the 4th quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker’s stock worth $108,000 after buying an additional 213 shares during the period. Finally, Principal Securities Inc. boosted its holdings in Advanced Energy Industries by 16.1% in the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker’s stock worth $114,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AEIS shares. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $138.00 in a report on Monday, January 6th. Wells Fargo & Company lowered their price objective on shares of Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus lifted their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $145.00 target price on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Finally, Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Energy Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.56.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock opened at $86.77 on Friday. The firm has a market capitalization of $3.29 billion, a P/E ratio of 60.68, a price-to-earnings-growth ratio of 1.39 and a beta of 1.47. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $106.58 and its 200 day simple moving average is $111.37. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. As a group, analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. Advanced Energy Industries’s payout ratio is currently 27.97%.

Insider Buying and Selling

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the completion of the transaction, the chief operating officer now owns 19,822 shares in the company, valued at approximately $2,212,333.42. This represents a 49.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lanesha Minnix sold 1,600 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the sale, the director now owns 3,492 shares in the company, valued at $451,760.04. This represents a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

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.