Loomis Sayles & Co. L P Grows Holdings in Advanced Energy Industries, Inc. (AEIS)

Loomis Sayles & Co. L P grew its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 15.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,149 shares of the electronics maker’s stock after buying an additional 39,126 shares during the period. Loomis Sayles & Co. L P owned approximately 0.77% of Advanced Energy Industries worth $15,400,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AEIS. Bank of Montreal Can acquired a new position in Advanced Energy Industries in the second quarter valued at $933,000. BNP Paribas Arbitrage SA increased its stake in Advanced Energy Industries by 108.8% during the second quarter. BNP Paribas Arbitrage SA now owns 26,860 shares of the electronics maker’s stock worth $1,560,000 after acquiring an additional 13,995 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Advanced Energy Industries by 10.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 39,500 shares of the electronics maker’s stock worth $2,295,000 after acquiring an additional 3,697 shares during the last quarter. TD Asset Management Inc. increased its stake in Advanced Energy Industries by 240.1% during the second quarter. TD Asset Management Inc. now owns 208,237 shares of the electronics maker’s stock worth $12,096,000 after acquiring an additional 147,000 shares during the last quarter. Finally, IndexIQ Advisors LLC increased its stake in Advanced Energy Industries by 8.8% during the second quarter. IndexIQ Advisors LLC now owns 34,231 shares of the electronics maker’s stock worth $1,988,000 after acquiring an additional 2,756 shares during the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:AEIS opened at $41.60 on Friday. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.04 and a beta of 1.13. Advanced Energy Industries, Inc. has a 12 month low of $40.43 and a 12 month high of $77.99.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Monday, October 29th. The electronics maker reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Advanced Energy Industries had a return on equity of 32.09% and a net margin of 13.18%. The company had revenue of $173.10 million during the quarter, compared to the consensus estimate of $170.50 million. During the same quarter in the prior year, the business earned $1.19 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 4.19 EPS for the current fiscal year.

Several equities research analysts have commented on the company. Zacks Investment Research lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. BidaskClub upgraded Advanced Energy Industries from a “strong sell” rating to a “sell” rating in a research note on Monday, November 19th. Citigroup set a $58.00 price target on Advanced Energy Industries and gave the stock a “hold” rating in a research note on Monday, October 15th. TheStreet lowered Advanced Energy Industries from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th. Finally, Cowen dropped their price target on Advanced Energy Industries from $76.00 to $58.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Advanced Energy Industries presently has an average rating of “Hold” and an average price target of $70.17.

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Advanced Energy Industries Company Profile

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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