Advanced Energy Industries, Inc. (AEIS) Shares Bought by Clark Estates Inc. NY

Clark Estates Inc. NY boosted its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 57,000 shares of the electronics maker’s stock after acquiring an additional 2,000 shares during the period. Clark Estates Inc. NY owned about 0.15% of Advanced Energy Industries worth $2,944,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Royce & Associates LP grew its holdings in shares of Advanced Energy Industries by 32.8% in the third quarter. Royce & Associates LP now owns 865,110 shares of the electronics maker’s stock valued at $44,683,000 after purchasing an additional 213,898 shares during the period. Franklin Resources Inc. grew its holdings in shares of Advanced Energy Industries by 21.6% in the third quarter. Franklin Resources Inc. now owns 1,104,646 shares of the electronics maker’s stock valued at $57,055,000 after purchasing an additional 196,494 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Advanced Energy Industries by 3.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,150,050 shares of the electronics maker’s stock valued at $59,400,000 after purchasing an additional 41,664 shares during the period. Quantbot Technologies LP grew its holdings in shares of Advanced Energy Industries by 2,068.5% in the third quarter. Quantbot Technologies LP now owns 17,196 shares of the electronics maker’s stock valued at $888,000 after purchasing an additional 16,403 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in shares of Advanced Energy Industries by 153.4% in the third quarter. Panagora Asset Management Inc. now owns 113,719 shares of the electronics maker’s stock valued at $5,874,000 after purchasing an additional 68,834 shares during the period. Institutional investors own 99.32% of the company’s stock.

Shares of AEIS stock opened at $47.04 on Friday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 1.11 and a beta of 1.16. Advanced Energy Industries, Inc. has a 1-year low of $40.43 and a 1-year high of $84.45.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, October 29th. The electronics maker reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The company had revenue of $173.10 million during the quarter, compared to analyst estimates of $170.50 million. Advanced Energy Industries had a net margin of 13.18% and a return on equity of 32.09%. Advanced Energy Industries’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 earnings per share. As a group, equities analysts forecast that Advanced Energy Industries, Inc. will post 4.19 EPS for the current year.

A number of equities research analysts recently issued reports on AEIS shares. TheStreet lowered shares of Advanced Energy Industries from a “b-” rating to a “c+” rating in a report on Tuesday, October 30th. Citigroup dropped their price objective on shares of Advanced Energy Industries from $58.00 to $50.00 and set a “hold” rating for the company in a report on Wednesday, October 31st. Zacks Investment Research lowered shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Stifel Nicolaus set a $74.00 price objective on shares of Advanced Energy Industries and gave the company a “hold” rating in a report on Tuesday, October 23rd. Finally, Cowen dropped their price objective on shares of Advanced Energy Industries from $76.00 to $58.00 and set an “outperform” rating for the company in a report on Wednesday, October 31st. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $70.17.

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About Advanced Energy Industries

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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

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