Tributary Capital Management LLC Reduces Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Tributary Capital Management LLC lessened its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 187,041 shares of the electronics maker’s stock after selling 199 shares during the quarter. Advanced Energy Industries comprises 1.7% of Tributary Capital Management LLC’s portfolio, making the stock its 29th largest holding. Tributary Capital Management LLC owned approximately 0.50% of Advanced Energy Industries worth $21,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AEIS. Versant Capital Management Inc boosted its position in shares of Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 182 shares during the last quarter. Huntington National Bank raised its stake in Advanced Energy Industries by 200.0% in the third quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 208 shares in the last quarter. Quantbot Technologies LP bought a new stake in Advanced Energy Industries during the third quarter valued at approximately $41,000. Meeder Asset Management Inc. grew its stake in Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after buying an additional 186 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Advanced Energy Industries in the 2nd quarter worth $87,000. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $125.36 on Friday. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The firm has a market cap of $4.72 billion, a P/E ratio of 109.97, a P/E/G ratio of 4.01 and a beta of 1.46. Advanced Energy Industries, Inc. has a 1-year low of $89.11 and a 1-year high of $130.50. The firm has a 50-day moving average of $117.67 and a 200-day moving average of $110.36.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $372.49 million. During the same period last year, the company earned $1.12 EPS. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. Sell-side analysts expect that Advanced Energy Industries, Inc. will post 2.52 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were given a $0.10 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Advanced Energy Industries’s dividend payout ratio is 35.09%.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were 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 in the company, valued at approximately $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Robert W. Baird increased their price objective on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company boosted their target price on Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Benchmark reiterated a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Finally, TD Cowen decreased their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.89.

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.