DekaBank Deutsche Girozentrale Has $5.54 Million Stake in Advanced Energy Industries, Inc. (AEIS)

DekaBank Deutsche Girozentrale increased its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 34.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,300 shares of the electronics maker’s stock after buying an additional 25,400 shares during the period. DekaBank Deutsche Girozentrale owned about 0.26% of Advanced Energy Industries worth $5,541,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Schroder Investment Management Group acquired a new position in shares of Advanced Energy Industries in the second quarter valued at approximately $110,000. Integrated Investment Consultants LLC acquired a new position in shares of Advanced Energy Industries in the second quarter valued at approximately $136,000. HPM Partners LLC acquired a new position in shares of Advanced Energy Industries in the second quarter valued at approximately $211,000. Fox Run Management L.L.C. acquired a new position in shares of Advanced Energy Industries in the third quarter valued at approximately $221,000. Finally, Hikari Power Ltd acquired a new position in shares of Advanced Energy Industries in the second quarter valued at approximately $222,000. 99.32% of the stock is owned by institutional investors and hedge funds.

AEIS has been the subject of a number of analyst reports. BidaskClub lowered shares of Advanced Energy Industries from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Zacks Investment Research lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. Stifel Nicolaus set a $74.00 price objective on shares of Advanced Energy Industries and gave the company a “hold” rating in a research report on Tuesday, October 23rd. TheStreet lowered shares of Advanced Energy Industries from a “b-” rating to a “c+” rating in a research report on Tuesday, October 30th. Finally, Citigroup set a $58.00 price objective on shares of Advanced Energy Industries and gave the company a “hold” rating in a research report on Monday, October 15th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $70.17.

Advanced Energy Industries stock opened at $46.65 on Friday. Advanced Energy Industries, Inc. has a 1 year low of $40.43 and a 1 year high of $84.45. The company has a market capitalization of $1.81 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.12 and a beta of 1.16.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, October 29th. The electronics maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. Advanced Energy Industries had a net margin of 13.18% and a return on equity of 32.09%. The firm had revenue of $173.10 million during the quarter, compared to the consensus estimate of $170.50 million. During the same period in the previous year, the firm earned $1.19 earnings per share. Advanced Energy Industries’s revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Energy Industries, Inc. will post 4.19 EPS for the current year.

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About Advanced Energy Industries

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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