Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY lowered its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 9.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,591 shares of the electronics maker’s stock after selling 1,150 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Advanced Energy Industries were worth $575,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Clearbridge Investments LLC grew its holdings in shares of Advanced Energy Industries by 2.7% in the first quarter. Clearbridge Investments LLC now owns 416,617 shares of the electronics maker’s stock worth $20,698,000 after purchasing an additional 10,971 shares during the last quarter. 1492 Capital Management LLC bought a new position in Advanced Energy Industries during the 1st quarter worth about $631,000. Campbell & CO Investment Adviser LLC bought a new position in Advanced Energy Industries during the 1st quarter worth about $273,000. DekaBank Deutsche Girozentrale grew its holdings in Advanced Energy Industries by 38.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 99,300 shares of the electronics maker’s stock worth $5,541,000 after acquiring an additional 27,600 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in Advanced Energy Industries by 67.7% during the 1st quarter. Pictet Asset Management Ltd. now owns 342,601 shares of the electronics maker’s stock worth $17,020,000 after acquiring an additional 138,287 shares in the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.

AEIS traded down $0.19 on Friday, hitting $55.56. 190,561 shares of the company’s stock were exchanged, compared to its average volume of 315,643. Advanced Energy Industries, Inc. has a fifty-two week low of $38.74 and a fifty-two week high of $64.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.23 and a current ratio of 5.12. The firm’s 50-day simple moving average is $53.62. The company has a market capitalization of $2.13 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 3.26 and a beta of 1.55.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, May 6th. The electronics maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.12. Advanced Energy Industries had a return on equity of 22.16% and a net margin of 17.46%. The company had revenue of $140.74 million during the quarter, compared to the consensus estimate of $143.63 million. During the same period in the previous year, the company posted $1.34 EPS. Advanced Energy Industries’s revenue was down 28.1% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Energy Industries, Inc. will post 1.71 EPS for the current fiscal year.

Several research analysts have issued reports on AEIS shares. BidaskClub cut shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Susquehanna Bancshares assumed coverage on shares of MKS Instruments in a research report on Wednesday, May 15th. They set a “positive” rating and a $123.00 price target for the company. TheStreet lowered shares of Red Lion Hotels from a “c” rating to a “d+” rating in a research report on Wednesday, April 3rd. Cowen reaffirmed a “buy” rating on shares of Adverum Biotechnologies in a research report on Thursday, May 16th. Finally, Zacks Investment Research raised shares of Gerdau from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $64.20.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF 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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