Advanced Energy Industries (AEIS) : Smith Graham Investment Advisors Lp reduced its stake in Advanced Energy Industries by 15.48% during the most recent quarter end. The investment management company now holds a total of 158,321 shares of Advanced Energy Industries which is valued at $7,304,931 after selling 29,000 shares in Advanced Energy Industries , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Advanced Energy Industries makes up approximately 0.95% of Smith Graham Investment Advisors Lp’s portfolio.
Other Hedge Funds, Including , Chesley Taft Associates boosted its stake in AEIS in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 24,425 shares of Advanced Energy Industries which is valued at $1,126,970. Advanced Energy Industries makes up approx 0.12% of Chesley Taft Associates’s portfolio.Capstone Asset Management Co reduced its stake in AEIS by selling 200 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 11,777 shares of AEIS which is valued at $558,819. Advanced Energy Industries makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Eagle Boston Investment Management Inc boosted its stake in AEIS in the latest quarter, The investment management firm added 1,822 additional shares and now holds a total of 230,283 shares of Advanced Energy Industries which is valued at $10,926,928. Advanced Energy Industries makes up approx 1.42% of Eagle Boston Investment Management Inc’s portfolio.Legal General Group Plc boosted its stake in AEIS in the latest quarter, The investment management firm added 27,573 additional shares and now holds a total of 38,192 shares of Advanced Energy Industries which is valued at $1,812,210. Harbour Capital Advisors sold out all of its stake in AEIS during the most recent quarter. The investment firm sold 12,250 shares of AEIS which is valued $578,813.
Advanced Energy Industries opened for trading at $45.47 and hit $46.97 on the upside on Friday, eventually ending the session at $46.14, with a gain of 0.90% or 0.41 points. The heightened volatility saw the trading volume jump to 2,02,550 shares. Company has a market cap of $1,831 M.
On the company’s financial health, Advanced Energy Industries reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.67. The company had revenue of $118.80 million for the quarter, compared to analysts expectations of $111.52 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Many Wall Street Analysts have commented on Advanced Energy Industries. Citigroup Initiated Advanced Energy Industries on Oct 12, 2016 to “Neutral”, Price Target of the shares are set at $50.Company shares were Reiterated by Dougherty & Company on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $38 .
Advanced Energy Industries Inc. is a provider of highly-engineered mission-critical precision power conversion measurement and control solutions. The Company is engaged in designing manufacturing selling and supporting its power conversion products and solutions that transform power into various usable forms in various applications ranging from manufacturing and industrial processes to instrumentation and test and measurement. It also provides repair and maintenance services for all of its products. The Company is organized into two segments: Precision Power Products (Precision Power) and Inverters. The Precision Power segment serves OEMs and end customers in the semiconductor flat panel display solar panel and other industrial capital equipment markets. The Inverters segment focuses on commercial and utility-scale solar projects and installations selling primarily to distributors Engineering Procurement and Construction contractors (EPCs) developers and utility companies.