Holocene Advisors LP Has $3.11 Million Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Holocene Advisors LP raised its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 65.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,559 shares of the electronics maker’s stock after buying an additional 11,738 shares during the quarter. Holocene Advisors LP owned 0.08% of Advanced Energy Industries worth $3,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AEIS. Huntington National Bank lifted its position in shares of Advanced Energy Industries by 200.0% in the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 208 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Advanced Energy Industries in the third quarter valued at $41,000. Meeder Asset Management Inc. boosted its position in shares of Advanced Energy Industries by 68.4% in the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after buying an additional 186 shares during the period. GAMMA Investing LLC boosted its position in shares of Advanced Energy Industries by 157.6% in the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after buying an additional 383 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Advanced Energy Industries during the second quarter valued at $87,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the transaction, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Susquehanna decreased their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $115.00.

Advanced Energy Industries Stock Down 3.3 %

AEIS opened at $114.70 on Friday. The firm has a market cap of $4.32 billion, a P/E ratio of 100.61, a price-to-earnings-growth ratio of 6.93 and a beta of 1.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The business has a 50 day moving average price of $110.53 and a 200 day moving average price of $107.56. Advanced Energy Industries, Inc. has a twelve month low of $89.11 and a twelve month high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. During the same period in the previous year, the company earned $1.12 earnings per share. Advanced Energy Industries’s revenue for the quarter was down 8.7% on a year-over-year basis. Research analysts forecast that Advanced Energy Industries, Inc. will post 2.52 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is currently 35.09%.

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.