Hardman Johnston Global Advisors LLC Sells 3,125 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Hardman Johnston Global Advisors LLC lowered its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 120,525 shares of the electronics maker’s stock after selling 3,125 shares during the quarter. Hardman Johnston Global Advisors LLC owned about 0.32% of Advanced Energy Industries worth $13,936,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Handelsbanken Fonder AB lifted its stake in Advanced Energy Industries by 11.8% in the fourth quarter. Handelsbanken Fonder AB now owns 10,437 shares of the electronics maker’s stock valued at $1,207,000 after buying an additional 1,100 shares in the last quarter. Peregrine Capital Management LLC lifted its stake in Advanced Energy Industries by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 87,732 shares of the electronics maker’s stock valued at $10,144,000 after buying an additional 1,577 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Advanced Energy Industries in the fourth quarter worth $74,000. CIBC Asset Management Inc lifted its position in shares of Advanced Energy Industries by 22.8% in the fourth quarter. CIBC Asset Management Inc now owns 2,487 shares of the electronics maker’s stock worth $288,000 after purchasing an additional 461 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Advanced Energy Industries by 4.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 18,816 shares of the electronics maker’s stock worth $2,176,000 after purchasing an additional 726 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AEIS. Needham & Company LLC reissued a “buy” rating and issued a $145.00 price objective on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Monday, December 16th. TD Cowen cut their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Finally, StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Energy Industries has an average rating of “Moderate Buy” and a consensus price target of $126.56.

Advanced Energy Industries Trading Down 2.9 %

AEIS stock opened at $126.54 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. The company’s 50-day simple moving average is $118.47 and its 200 day simple moving average is $111.54. Advanced Energy Industries, Inc. has a 52 week low of $89.11 and a 52 week high of $132.16. The company has a market capitalization of $4.77 billion, a PE ratio of 88.49, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45.

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

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 27.97%.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the sale, the director now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

About Advanced Energy Industries

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.