Reinhart Partners LLC. Purchases 13,071 Shares of Advanced Energy Industries, Inc. $AEIS
by Tristan Rich · The Markets DailyReinhart Partners LLC. boosted its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 142.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 22,278 shares of the electronics maker’s stock after purchasing an additional 13,071 shares during the quarter. Reinhart Partners LLC.’s holdings in Advanced Energy Industries were worth $6,278,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Advanced Energy Industries in the 2nd quarter valued at $27,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Advanced Energy Industries during the first quarter worth $29,000. Root Financial Partners LLC raised its holdings in shares of Advanced Energy Industries by 33.3% during the first quarter. Root Financial Partners LLC now owns 108 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 27 shares during the last quarter. GHP Investment Advisors Inc. acquired a new position in Advanced Energy Industries during the first quarter valued at $40,000. Finally, Main Street Group LTD purchased a new stake in Advanced Energy Industries in the first quarter valued at $40,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Wells Fargo & Company upgraded Advanced Energy Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $345.00 to $465.00 in a research note on Wednesday, July 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Advanced Energy Industries in a research note on Wednesday, August 26th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Advanced Energy Industries in a report on Tuesday, September 22nd. Zacks Research upgraded Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Seaport Research Partners raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 price target for the company in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $409.50.
Get Our Latest Report on Advanced Energy Industries
Advanced Energy Industries Stock Up 1.6%
AEIS opened at $288.66 on Friday. Advanced Energy Industries, Inc. has a fifty-two week low of $169.35 and a fifty-two week high of $397.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.94 and a current ratio of 3.79. The company has a fifty day moving average of $290.42 and a two-hundred day moving average of $318.85. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 53.85 and a beta of 1.31.
Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) last posted its earnings results on Monday, August 3rd. The electronics maker reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.53. Advanced Energy Industries had a net margin of 10.77% and a return on equity of 20.75%. The business had revenue of $574.10 million for the quarter, compared to analyst estimates of $544.41 million. During the same period in the prior year, the company posted $1.50 EPS. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. On average, research analysts expect that Advanced Energy Industries, Inc. will post 9.53 earnings per share for the current year.
Advanced Energy Industries Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 24th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. Advanced Energy Industries’s dividend payout ratio is presently 7.46%.
Insider Buying and Selling
In other news, COO Eduardo Acebedo sold 24,771 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total value of $7,814,755.08. Following the completion of the sale, the chief operating officer directly owned 23,109 shares in the company, valued at $7,290,427.32. The trade was a 51.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Elizabeth Vonne sold 908 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total value of $302,073.44. Following the transaction, the executive vice president directly owned 10,712 shares of the company’s stock, valued at approximately $3,563,668.16. The trade was a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,218 shares of company stock worth $8,562,008 in the last quarter. 1.30% of the stock is currently owned by company insiders.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc (NASDAQ: AEIS) designs and manufactures precision power-conversion, measurement and control technologies. Its products help customers generate, convert, deliver and manage electrical power with high levels of efficiency, reliability and accuracy.
The company’s offerings include AC-DC and DC-DC power supplies, high-voltage power systems, radio-frequency power products, power-control equipment and precision measurement instruments. These products are used in semiconductor and electronics manufacturing equipment, industrial and medical applications, telecommunications, data centers, renewable energy systems and other demanding environments.
Founded in 1981, Advanced Energy serves a global customer base through operations and sales activities across North America, Europe and Asia.
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