Louisiana State Employees Retirement System Sells 600 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Louisiana State Employees Retirement System decreased its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 18,200 shares of the electronics maker’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Advanced Energy Industries were worth $1,915,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AEIS. Earnest Partners LLC lifted its stake in Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after buying an additional 199,578 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after buying an additional 118,328 shares during the period. Bank of New York Mellon Corp lifted its stake in Advanced Energy Industries by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock valued at $58,754,000 after buying an additional 102,659 shares during the period. Vanguard Group Inc. lifted its stake in Advanced Energy Industries by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after buying an additional 73,028 shares during the period. Finally, Great Lakes Advisors LLC acquired a new position in Advanced Energy Industries in the second quarter valued at about $6,873,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Stock Down 2.9 %

AEIS stock opened at $107.77 on Thursday. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $104.05 and a two-hundred day moving average price of $104.72. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 44.90, a P/E/G ratio of 5.41 and a beta of 1.49. Advanced Energy Industries, Inc. has a twelve month low of $81.86 and a twelve month high of $119.75.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AEIS. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. TD Cowen raised their price target on Advanced Energy Industries from $100.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Stifel Nicolaus began coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target on the stock. Finally, Citigroup lowered Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $113.11.

About Advanced Energy Industries

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.