Louisiana State Employees Retirement System maintained its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,200 shares of the electronics maker’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Advanced Energy Industries were worth $1,048,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in shares of Advanced Energy Industries by 1.0% in the second quarter. Nisa Investment Advisors LLC now owns 14,780 shares of the electronics maker’s stock worth $1,079,000 after buying an additional 150 shares during the last quarter. James Investment Research Inc. purchased a new stake in shares of Advanced Energy Industries during the second quarter worth $2,762,000. Meeder Asset Management Inc. boosted its stake in shares of Advanced Energy Industries by 12.5% in the second quarter. Meeder Asset Management Inc. now owns 2,191 shares of the electronics maker’s stock worth $141,000 after buying an additional 244 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Advanced Energy Industries by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 7,850 shares of the electronics maker’s stock worth $507,000 after buying an additional 3,460 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Advanced Energy Industries by 17.7% in the second quarter. Fisher Asset Management LLC now owns 185,899 shares of the electronics maker’s stock worth $12,026,000 after buying an additional 27,898 shares during the last quarter. 93.90% of the stock is owned by institutional investors.
Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at 69.31 on Monday. Advanced Energy Industries, Inc. has a 12-month low of $40.76 and a 12-month high of $86.25. The company has a 50 day moving average price of $70.90 and a 200-day moving average price of $68.82. The firm has a market cap of $2.77 billion, a PE ratio of 17.61 and a beta of 1.34.
Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Monday, July 31st. The electronics maker reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.15. The company had revenue of $165.95 million during the quarter, compared to analysts’ expectations of $155.72 million. Advanced Energy Industries had a net margin of 27.42% and a return on equity of 36.19%. Advanced Energy Industries’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 EPS. Analysts expect that Advanced Energy Industries, Inc. will post $4.59 EPS for the current year.
A number of research firms recently issued reports on AEIS. BidaskClub downgraded Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. ValuEngine raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, July 10th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.25.
In other news, Director Thomas M. Rohrs sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $64.87, for a total value of $259,480.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Edward C. Grady sold 6,000 shares of Advanced Energy Industries stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $80.02, for a total transaction of $480,120.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,796 shares of company stock worth $8,381,106. Insiders own 1.13% of the company’s stock.
Advanced Energy Industries Company Profile
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.
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