Loomis Sayles & Co. L P Has $70.14 Million Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Loomis Sayles & Co. L P cut its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.4% during the third quarter, HoldingsChannel.com reports. The firm owned 666,506 shares of the electronics maker’s stock after selling 9,444 shares during the period. Loomis Sayles & Co. L P’s holdings in Advanced Energy Industries were worth $70,143,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AEIS. Vanguard Group Inc. boosted its stake in shares of Advanced Energy Industries by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after buying an additional 73,028 shares during the period. Earnest Partners LLC grew its stake in Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after purchasing an additional 199,578 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in 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 valued at $103,428,000 after purchasing an additional 15,577 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Advanced Energy Industries by 22.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after purchasing an additional 118,328 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Advanced Energy Industries by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after purchasing an additional 102,659 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the sale, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Advanced Energy Industries Stock Up 2.4 %

NASDAQ AEIS opened at $115.19 on Monday. Advanced Energy Industries, Inc. has a twelve month low of $89.11 and a twelve month high of $120.81. The stock has a market cap of $4.34 billion, a PE ratio of 101.04, a PEG ratio of 6.77 and a beta of 1.48. The firm has a 50-day simple moving average of $107.87 and a 200 day simple moving average of $106.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The firm had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. During the same quarter in the prior year, the firm posted $1.12 EPS. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, research analysts forecast that Advanced Energy Industries, Inc. will post 2.52 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid 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 0.35%. Advanced Energy Industries’s dividend payout ratio is currently 35.09%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AEIS shares. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, November 20th. TD Cowen decreased their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus initiated coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price on the stock. Robert W. Baird decreased their price target on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Benchmark reiterated a “buy” rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $113.75.

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.