The Advanced Energy Industries, Inc. (AEIS) Shares Bought by Municipal Employees Retirement System of Michigan

The Advanced Energy Industries, Inc. (AEIS) Shares Bought by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan increased its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.6% during the third quarter, Holdings Channel reports. The firm owned 8,780 shares of the company’s stock after buying an additional 140 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Advanced Energy Industries were worth $415,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. increased its stake in Advanced Energy Industries by 3.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,014,603 shares of the company’s stock worth $48,011,000 after buying an additional 33,946 shares during the period. BlackRock Group LTD boosted its position in shares of Advanced Energy Industries by 29.3% in the third quarter. BlackRock Group LTD now owns 79,751 shares of the company’s stock worth $3,774,000 after buying an additional 18,070 shares during the period. Rhumbline Advisers boosted its position in shares of Advanced Energy Industries by 5.3% in the third quarter. Rhumbline Advisers now owns 59,140 shares of the company’s stock worth $2,799,000 after buying an additional 3,000 shares during the period. Teachers Advisors LLC boosted its position in shares of Advanced Energy Industries by 28.7% in the third quarter. Teachers Advisors LLC now owns 280,444 shares of the company’s stock worth $13,271,000 after buying an additional 62,458 shares during the period. Finally, BlackRock Fund Advisors boosted its position in shares of Advanced Energy Industries by 7.3% in the third quarter. BlackRock Fund Advisors now owns 2,745,285 shares of the company’s stock worth $129,907,000 after buying an additional 186,358 shares during the period. 94.87% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries, Inc. (NASDAQ:AEIS) traded up 1.41% on Wednesday, reaching $56.90. 312,580 shares of the company’s stock traded hands. Advanced Energy Industries, Inc. has a 52 week low of $24.25 and a 52 week high of $58.31. The firm has a market capitalization of $2.26 billion, a P/E ratio of 19.28 and a beta of 1.02. The stock has a 50-day moving average of $55.06 and a 200 day moving average of $47.67.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. The business had revenue of $126.60 million for the quarter, compared to analyst estimates of $118.92 million. Advanced Energy Industries had a net margin of 27.44% and a return on equity of 29.42%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. On average, equities analysts expect that Advanced Energy Industries, Inc. will post $2.84 EPS for the current fiscal year.

A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 3rd. Citigroup Inc. assumed coverage on shares of Advanced Energy Industries in a report on Wednesday, October 12th. They issued a “neutral” rating and a $50.00 price objective for the company. Needham & Company LLC upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Thursday, January 5th. TheStreet upgraded shares of Advanced Energy Industries from a “sell” rating to a “strong-buy” rating in a report on Monday, October 31st. Finally, Dougherty & Co lifted their price objective on shares of Advanced Energy Industries from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 27th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Advanced Energy Industries presently has an average rating of “Buy” and an average price target of $53.17.

In other news, Director Thomas M. Rohrs sold 4,000 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $54.86, for a total transaction of $219,440.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.33% of the company’s stock.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions, used in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

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