Tributary Capital Management LLC Sells 930 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Tributary Capital Management LLC lessened its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,240 shares of the electronics maker’s stock after selling 930 shares during the period. Advanced Energy Industries comprises 1.5% of Tributary Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Tributary Capital Management LLC owned 0.50% of Advanced Energy Industries worth $19,705,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Advanced Energy Industries in the 1st quarter worth about $1,003,000. GSA Capital Partners LLP acquired a new stake in shares of Advanced Energy Industries in the 1st quarter worth about $799,000. SG Americas Securities LLC purchased a new stake in Advanced Energy Industries in the 1st quarter valued at about $732,000. Capstone Investment Advisors LLC purchased a new stake in Advanced Energy Industries in the 1st quarter valued at about $1,197,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Advanced Energy Industries by 14.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,578 shares of the electronics maker’s stock valued at $4,036,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AEIS. StockNews.com lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They set a “buy” rating and a $135.00 price target for the company. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Robert W. Baird assumed coverage on shares of Advanced Energy Industries in a report on Friday, September 20th. They issued an “outperform” rating and a $128.00 price objective for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $113.11.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $107.13 on Monday. The firm’s fifty day moving average price is $104.00 and its 200-day moving average price is $104.53. 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 stock has a market cap of $4.01 billion, a P/E ratio of 39.39, a price-to-earnings-growth ratio of 5.41 and a beta of 1.49. Advanced Energy Industries, Inc. has a fifty-two week low of $81.86 and a fifty-two week high of $119.75.

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

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Monday, August 26th. Advanced Energy Industries’s payout ratio is 14.71%.

Advanced Energy Industries Company 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.