BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys Shares of 116,934 Advanced Energy Industries, Inc. (NASDAQ:AEIS)

24 Nov 2024, 06:04 by Doug Wharley · The Cerbat Gem

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 116,934 shares of the electronics maker’s stock, valued at approximately $12,306,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.31% of Advanced Energy Industries at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AEIS. Hilltop National Bank raised its holdings in Advanced Energy Industries by 13.4% in the 2nd 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 last quarter. Azzad Asset Management Inc. ADV increased its stake in Advanced Energy Industries by 1.7% in the second quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock valued at $796,000 after purchasing an additional 124 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Advanced Energy Industries by 5.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after buying an additional 130 shares during the period. Meeder Asset Management Inc. boosted its stake in Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after buying an additional 186 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Advanced Energy Industries by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock valued at $1,136,000 after buying an additional 203 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’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 completion of the sale, the director now owns 5,092 shares in the company, valued at $568,878.24. This trade represents a 16.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Advanced Energy Industries Price Performance

AEIS stock opened at $115.19 on Friday. The stock has a 50-day simple moving average of $107.87 and a 200-day simple moving average of $106.84. The firm has a market cap of $4.34 billion, a P/E ratio of 101.04, a price-to-earnings-growth ratio of 6.61 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. Advanced Energy Industries, Inc. has a 1 year low of $89.11 and a 1 year high of $120.81.

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

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Advanced Energy Industries’s dividend payout ratio is presently 35.09%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AEIS shares. Susquehanna cut their price objective on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. TD Cowen lowered their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus started coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price on the stock. Benchmark reissued a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a research report on Wednesday. Finally, Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $113.75.

View Our Latest Analysis on AEIS

Advanced Energy Industries Profile

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