Los Angeles Capital Management LLC Has $1.34 Million Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Los Angeles Capital Management LLC increased its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 123.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,265 shares of the electronics maker’s stock after purchasing an additional 6,782 shares during the period. Los Angeles Capital Management LLC’s holdings in Advanced Energy Industries were worth $1,336,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Peregrine Capital Management LLC acquired a new stake in shares of Advanced Energy Industries during the 4th quarter worth about $7,856,000. Moody Aldrich Partners LLC raised its stake in shares of Advanced Energy Industries by 130.4% in the fourth quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock valued at $3,571,000 after acquiring an additional 18,561 shares during the last quarter. III Capital Management acquired a new position in shares of Advanced Energy Industries in the 3rd quarter worth approximately $897,000. Vaughan Nelson Investment Management L.P. grew its position in Advanced Energy Industries by 4.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock worth $45,991,000 after acquiring an additional 17,290 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Advanced Energy Industries by 61.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker’s stock valued at $24,021,000 after purchasing an additional 88,267 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Price Performance

AEIS opened at $101.57 on Thursday. The company has a fifty day moving average price of $97.94 and a two-hundred day moving average price of $99.31. The firm has a market capitalization of $3.80 billion, a PE ratio of 37.34, a P/E/G ratio of 3.43 and a beta of 1.54. Advanced Energy Industries, Inc. has a 52 week low of $81.86 and a 52 week high of $126.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.40 and a current ratio of 5.61.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The company had revenue of $327.50 million for the quarter, compared to analyst estimates of $351.74 million. During the same period last year, the firm earned $1.10 earnings per share. The firm’s revenue for the quarter was down 22.9% on a year-over-year basis. As a group, analysts anticipate that Advanced Energy Industries, Inc. will post 2.88 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 27th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, May 23rd. Advanced Energy Industries’s payout ratio is 14.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AEIS shares. Benchmark reissued a “buy” rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Wells Fargo & Company decreased their price objective on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. StockNews.com lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a report on Thursday, May 2nd. Finally, Citigroup upped their price objective on Advanced Energy Industries from $107.00 to $113.00 and gave the stock a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $108.86.

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.