Teachers Retirement System of The State of Kentucky Continues to Hold Stake in Advanced Energy Industries, Inc. (AEIS)

Teachers Retirement System of The State of Kentucky held its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,100 shares of the electronics maker’s stock at the end of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in Advanced Energy Industries were worth $977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in Advanced Energy Industries by 23.2% during the 2nd quarter. Renaissance Technologies LLC now owns 482,022 shares of the electronics maker’s stock worth $31,182,000 after acquiring an additional 90,822 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Advanced Energy Industries by 2.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 133,550 shares of the electronics maker’s stock worth $8,639,000 after acquiring an additional 3,344 shares during the period. Advisor Group Inc. increased its holdings in Advanced Energy Industries by 10.6% during the 2nd quarter. Advisor Group Inc. now owns 4,516 shares of the electronics maker’s stock worth $291,000 after acquiring an additional 434 shares during the period. Quantbot Technologies LP increased its holdings in Advanced Energy Industries by 81.7% during the 2nd quarter. Quantbot Technologies LP now owns 18,971 shares of the electronics maker’s stock worth $1,227,000 after acquiring an additional 8,529 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Advanced Energy Industries by 2.4% during the 2nd quarter. California Public Employees Retirement System now owns 219,700 shares of the electronics maker’s stock worth $14,212,000 after acquiring an additional 5,200 shares during the period. 92.20% of the stock is currently owned by institutional investors.

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In other news, CFO Thomas Liguori sold 16,000 shares of Advanced Energy Industries stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $73.64, for a total transaction of $1,178,240.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Yuval Wasserman sold 11,744 shares of Advanced Energy Industries stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $75.09, for a total transaction of $881,856.96. Following the sale, the chief executive officer now owns 127,396 shares in the company, valued at approximately $9,566,165.64. The disclosure for this sale can be found here. Company insiders own 1.13% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 target price on the stock. Finally, BidaskClub lowered shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $72.60.

Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at 84.11 on Wednesday. The stock has a market cap of $3.36 billion, a PE ratio of 21.37 and a beta of 1.38. The firm has a 50-day moving average of $76.00 and a 200-day moving average of $73.13. Advanced Energy Industries, Inc. has a 1-year low of $45.47 and a 1-year high of $86.25.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, July 31st. The electronics maker reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.15. Advanced Energy Industries had a net margin of 27.42% and a return on equity of 36.19%. The company had revenue of $165.95 million for the quarter, compared to analysts’ expectations of $155.72 million. During the same quarter last year, the business earned $0.73 EPS. The firm’s revenue was up 39.7% compared to the same quarter last year. Analysts expect that Advanced Energy Industries, Inc. will post $4.59 EPS for the current fiscal year.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

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Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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