Channing Capital Management LLC Reduces Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Channing Capital Management LLC cut its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 732,697 shares of the electronics maker’s stock after selling 16,264 shares during the quarter. Advanced Energy Industries accounts for about 2.3% of Channing Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Channing Capital Management LLC owned 1.95% of Advanced Energy Industries worth $84,722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its stake in shares of Advanced Energy Industries by 1.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock worth $579,000 after purchasing an additional 85 shares in the last quarter. Integrated Investment Consultants LLC lifted its position in Advanced Energy Industries by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker’s stock valued at $531,000 after purchasing an additional 100 shares in the last quarter. Stifel Financial Corp grew its holdings in Advanced Energy Industries by 1.0% during the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock valued at $1,132,000 after purchasing an additional 102 shares during the period. Heritage Family Offices LLP increased its position in Advanced Energy Industries by 6.1% in the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker’s stock worth $233,000 after buying an additional 116 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Advanced Energy Industries by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after buying an additional 130 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Energy Industries

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value 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. The trade was a 49.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the sale, the director now owns 3,492 shares in the company, valued at $451,760.04. The trade was a 31.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Advanced Energy Industries Trading Down 3.8 %

Shares of Advanced Energy Industries stock opened at $105.48 on Tuesday. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 73.76, a PEG ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a twelve month low of $89.12 and a twelve month high of $132.16. The business has a 50-day moving average price of $117.85 and a 200-day moving average price of $112.24.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) 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%. Equities research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were issued a $0.10 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 27.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AEIS. Wells Fargo & Company cut their price objective on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price target on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Benchmark reissued a “buy” rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Monday, December 16th. Finally, Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and increased their price target for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Four 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.56.

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.