Crossmark Global Holdings Inc. Sells 170 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Crossmark Global Holdings Inc. lessened its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 6.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,352 shares of the electronics maker’s stock after selling 170 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Advanced Energy Industries were worth $248,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after acquiring an additional 383 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Advanced Energy Industries during the second quarter valued at approximately $87,000. Blue Trust Inc. increased its stake in Advanced Energy Industries by 2,150.0% in the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock valued at $88,000 after purchasing an additional 774 shares in the last quarter. Signaturefd LLC raised its holdings in Advanced Energy Industries by 28.0% in the third quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker’s stock worth $106,000 after purchasing an additional 220 shares during the period. Finally, Hilltop National Bank boosted its position in shares of Advanced Energy Industries by 13.4% during the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Stock Up 0.4 %

Shares of AEIS stock opened at $109.84 on Tuesday. The firm’s fifty day moving average price is $106.56 and its two-hundred day moving average price is $106.53. Advanced Energy Industries, Inc. has a 1 year low of $89.11 and a 1 year high of $120.81. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $4.14 billion, a P/E ratio of 96.35, a PEG ratio of 6.47 and a beta of 1.48.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07. The business had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. Advanced Energy Industries’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 earnings per share. On average, equities analysts predict that Advanced Energy Industries, Inc. will post 2.5 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. Advanced Energy Industries’s payout ratio is 35.09%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Robert W. Baird lowered their price objective on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Wells Fargo & Company cut their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Susquehanna lowered their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Finally, StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $112.75.

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.