Fiera Capital Corp Boosts Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Fiera Capital Corp grew its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.9% in the second quarter, HoldingsChannel reports. The fund owned 46,538 shares of the electronics maker’s stock after buying an additional 414 shares during the quarter. Fiera Capital Corp’s holdings in Advanced Energy Industries were worth $5,061,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Rise Advisors LLC acquired a new position in Advanced Energy Industries during the first quarter worth approximately $25,000. Parallel Advisors LLC raised its position in shares of Advanced Energy Industries by 78.2% in the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after buying an additional 154 shares during the period. GAMMA Investing LLC boosted its holdings in Advanced Energy Industries by 157.6% in the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after acquiring an additional 383 shares during the last quarter. Principal Securities Inc. purchased a new stake in Advanced Energy Industries during the fourth quarter valued at about $87,000. Finally, Hilltop National Bank grew its position in Advanced Energy Industries by 13.4% during the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 116 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Advanced Energy Industries Price Performance

AEIS opened at $98.84 on Wednesday. Advanced Energy Industries, Inc. has a twelve month low of $81.86 and a twelve month high of $119.75. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 36.34, a PEG ratio of 5.37 and a beta of 1.52. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $107.51 and a 200 day simple moving average of $103.60.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The company had revenue of $364.95 million during the quarter, compared to the consensus estimate of $350.06 million. During the same period last year, the firm earned $0.95 earnings per share. The company’s revenue was down 12.2% on a year-over-year basis. Equities research analysts expect that Advanced Energy Industries, Inc. will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 26th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Monday, August 26th. Advanced Energy Industries’s payout ratio is 14.71%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stifel Nicolaus started coverage on Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective on the stock. TD Cowen lifted their price target on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Susquehanna raised their target price on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company upped their price target on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $113.25.

Advanced Energy Industries 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.