Principal Financial Group Inc. Has $50.92 Million Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Principal Financial Group Inc. lifted its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 12.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 483,848 shares of the electronics maker’s stock after buying an additional 53,566 shares during the quarter. Principal Financial Group Inc. owned about 1.28% of Advanced Energy Industries worth $50,920,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AEIS. Huntington National Bank lifted 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 worth $33,000 after acquiring an additional 208 shares during the last quarter. Quantbot Technologies LP bought a new stake in Advanced Energy Industries in the 3rd quarter valued at $41,000. Meeder Asset Management Inc. grew its holdings 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 valued at $48,000 after buying an additional 186 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Advanced Energy Industries during the 2nd quarter worth $87,000. Finally, Blue Trust Inc. lifted its holdings in shares of Advanced Energy Industries by 2,150.0% during the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock worth $88,000 after buying an additional 774 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock opened at $113.00 on Monday. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 99.12, a PEG ratio of 6.92 and a beta of 1.47. Advanced Energy Industries, Inc. has a 52-week low of $89.11 and a 52-week high of $124.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The stock’s 50 day moving average price is $113.42 and its two-hundred day moving average price is $108.36.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the firm earned $1.12 EPS. The business’s revenue was down 8.7% on a year-over-year basis. On average, equities analysts predict that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a dividend of $0.10 per share. The ex-dividend date was 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 35.09%.

Wall Street Analyst Weigh In

Several research firms recently commented on AEIS. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of Advanced Energy Industries from $98.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Robert W. Baird increased their price target on Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Susquehanna dropped their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Finally, Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Monday, December 16th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.25.

Insider Buying and Selling

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were 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 approximately $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

Advanced Energy Industries Company 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.