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

Tributary Capital Management LLC lessened its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.1% in the fourth quarter, Holdings Channel reports. The fund 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 investment portfolio, making the stock its 29th biggest holding. Tributary Capital Management LLC’s holdings in Advanced Energy Industries were worth $21,628,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AEIS. Versant Capital Management Inc increased 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 purchasing an additional 182 shares during the last quarter. Huntington National Bank grew its position in Advanced Energy Industries by 200.0% during the third quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after buying an additional 208 shares during the period. Quantbot Technologies LP purchased a new stake in Advanced Energy Industries during the third quarter valued at approximately $41,000. Meeder Asset Management Inc. raised its position in Advanced Energy Industries by 68.4% in the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 186 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Advanced Energy Industries during the 2nd quarter worth $87,000. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Price Performance

AEIS stock opened at $125.36 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The company’s fifty day moving average price is $117.67 and its 200-day moving average price is $110.36. Advanced Energy Industries, Inc. has a one year low of $89.11 and a one year high of $130.50. The company has a market capitalization of $4.72 billion, a PE ratio of 109.97, a price-to-earnings-growth ratio of 4.01 and a beta of 1.46.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. During the same quarter in the previous year, the business posted $1.12 earnings per share. Advanced Energy Industries’s quarterly revenue was down 8.7% on a year-over-year basis. On average, equities analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

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

Insiders Place Their Bets

In other news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AEIS has been the subject of several analyst reports. Robert W. Baird upped their price objective on Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Advanced Energy Industries in a research report on Wednesday, January 15th. Benchmark reaffirmed a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. TD Cowen reduced their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.89.

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.