Canada Pension Plan Investment Board Takes $87,000 Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Canada Pension Plan Investment Board bought a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the 2nd quarter, HoldingsChannel reports. The fund bought 800 shares of the electronics maker’s stock, valued at approximately $87,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC boosted its stake in Advanced Energy Industries by 7.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,259 shares of the electronics maker’s stock valued at $463,000 after acquiring an additional 312 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Advanced Energy Industries by 27.3% in the second quarter. Mutual of America Capital Management LLC now owns 37,850 shares of the electronics maker’s stock worth $4,117,000 after buying an additional 8,108 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Advanced Energy Industries by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock worth $103,428,000 after buying an additional 15,577 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Advanced Energy Industries by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 514,424 shares of the electronics maker’s stock worth $55,949,000 after buying an additional 13,967 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Advanced Energy Industries by 8.0% in the second quarter. Envestnet Asset Management Inc. now owns 209,522 shares of the electronics maker’s stock worth $22,788,000 after buying an additional 15,590 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock opened at $104.70 on Monday. Advanced Energy Industries, Inc. has a one year low of $81.86 and a one year high of $119.75. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 38.49, a PEG ratio of 5.12 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47. The business’s 50 day moving average price is $103.39 and its 200 day moving average price is $103.32.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The firm had revenue of $364.95 million for the quarter, compared to the consensus estimate of $350.06 million. During the same quarter last year, the business posted $0.95 earnings per share. The firm’s revenue was down 12.2% compared to the same quarter last year. On average, research analysts predict that Advanced Energy Industries, Inc. will post 2.47 EPS for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 annualized dividend and a yield of 0.38%. Advanced Energy Industries’s dividend payout ratio (DPR) is 14.71%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AEIS shares. StockNews.com cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Friday, September 20th. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Robert W. Baird started coverage on Advanced Energy Industries in a research report on Friday, September 20th. They issued an “outperform” rating and a $128.00 target price on the stock. Wells Fargo & Company raised their target price on Advanced Energy Industries from $97.00 to $103.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Finally, Benchmark restated a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $114.89.

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.