Federated Investors Inc. PA Cuts Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Federated Investors Inc. PA trimmed its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 44.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 207,371 shares of the electronics maker’s stock after selling 165,574 shares during the quarter. Federated Investors Inc. PA’s holdings in Advanced Energy Industries were worth $10,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its stake in Advanced Energy Industries by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,906 shares of the electronics maker’s stock valued at $741,000 after acquiring an additional 269 shares in the last quarter. Mason Street Advisors LLC boosted its stake in Advanced Energy Industries by 2.6% in the first quarter. Mason Street Advisors LLC now owns 12,269 shares of the electronics maker’s stock valued at $610,000 after acquiring an additional 316 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its stake in Advanced Energy Industries by 6.1% in the first quarter. Bbva Compass Bancshares Inc. now owns 6,690 shares of the electronics maker’s stock valued at $332,000 after acquiring an additional 383 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Advanced Energy Industries by 15.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,909 shares of the electronics maker’s stock valued at $125,000 after acquiring an additional 393 shares in the last quarter. Finally, Brinker Capital Inc. boosted its stake in Advanced Energy Industries by 4.9% in the fourth quarter. Brinker Capital Inc. now owns 8,743 shares of the electronics maker’s stock valued at $375,000 after acquiring an additional 406 shares in the last quarter. Institutional investors own 97.82% of the company’s stock.

NASDAQ:AEIS opened at $55.14 on Wednesday. Advanced Energy Industries, Inc. has a 12 month low of $38.74 and a 12 month high of $64.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.12 and a quick ratio of 4.23. The firm has a market cap of $2.11 billion, a PE ratio of 13.16, a P/E/G ratio of 3.15 and a beta of 1.53.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, May 6th. The electronics maker reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.12. Advanced Energy Industries had a net margin of 17.46% and a return on equity of 22.16%. The business had revenue of $140.74 million during the quarter, compared to the consensus estimate of $143.63 million. During the same period in the previous year, the firm posted $1.34 earnings per share. The business’s revenue for the quarter was down 28.1% compared to the same quarter last year. On average, equities analysts predict that Advanced Energy Industries, Inc. will post 1.71 EPS for the current year.

Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Advanced Energy Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, May 13th. Cowen restated an “outperform” rating and issued a $60.00 target price (up from $58.00) on shares of Advanced Energy Industries in a research note on Thursday, May 16th. BidaskClub downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. TheStreet upgraded shares of Advanced Energy Industries from a “c+” rating to a “b” rating in a research note on Wednesday, April 3rd. Finally, Susquehanna Bancshares upgraded shares of Advanced Energy Industries from a “neutral” rating to a “positive” rating and raised their target price for the company from $45.00 to $82.00 in a research note on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Advanced Energy Industries presently has a consensus rating of “Hold” and a consensus price target of $71.20.

WARNING: This story was originally published by WKRB News and is owned by of WKRB News. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.wkrb13.com/2019/06/12/federated-investors-inc-pa-cuts-position-in-advanced-energy-industries-inc-nasdaqaeis.html.

About Advanced Energy Industries

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

Featured Article: How Do Mutual Funds Work?

Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS).

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

Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.