BlackRock Fund Advisors has recently announced that it has increased stake in Advanced Energy Industries Inc. (NASDAQ:AEIS) by 1.30%. After grabbing 5.34 million shares, the institutional investor is now in possession of 68592.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 14.28% having worth around $457.79 million. Moreover, The Vanguard Group, Inc. increased its share by 27994.0 to have a control over 4.08 million shares. And Victory Capital Management, Inc. raised its holdings to 0.14 million shares by acquiring 2.03 million shares or 5.42% of the stake.
Advanced Energy Industries Inc. (AEIS) concluded trading on 01/19/23 at a closing price of $89.84, with 0.14 million shares of worth about $12.8 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.16% during that period and on Thursday the price saw a loss of about -3.13%. Currently the company’s common shares owned by public are about 37.38M shares, out of which, 36.83M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the AEIS stock and their offered price forecasts bring an average price target of $91.78. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $105.00 and could fall to a lowest price of $68.00. The stock’s current price level is 2.11% above of average price target set by the analysts, while a rise to estimated low would result in loss of -32.12% for the stock. However, touching the estimated high of $105.00 would mean a gain of 14.44% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 30 times over the past 12 months. They bought 83,923 shares in 18 of the transactions. In 12 selling transactions, insiders dumped 12,177 shares.
iShares Core S&P Small Cap ETF, Columbia Seligman Technology & In, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Advanced Energy Industries Inc. iShares Core S&P Small Cap ETF is currently holding 2.76 million shares of worth totaling $236.83 million. The company recently came selling 6630.0 shares which brought its stake up to 7.39% of the company’s outstanding shares. Vanguard Total Stock Market Index, after buying 1.13 million shares, have now control over 3.02% of the stake in the company. It holds 1662.0 shares of worth $96.73 million.
Advanced Energy Industries Inc. (NASDAQ: AEIS) started trading at $91.98, below -$0.76 from concluding price of the previous day. However, the stock later moved at a day high price of 91.98, or with a loss of -3.13%. Stock saw a price change of -2.68% in past 5 days and over the past one month there was a price change of 1.13%. Year-to-date (YTD), AEIS shares are showing a performance of 4.73% which increased to 0.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $67.55 but also hit the highest price of $98.07 during that period. The average intraday trading volume for Advanced Energy Industries Inc. shares is 193.11K. The stock is currently trading 2.00% above its 20-day simple moving average (SMA20), while that difference is up 0.90% for SMA50 and it goes to 8.41% higher than SMA200.
BlackRock Fund Advisors acquired 5.34 million shares of Advanced Energy Industries Inc. having value of about $457.79 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 68592.0 shares in the company valued at close to $6162305.28, or have control over 1.30% stake in the company. Holding of mutual funds in the company is about 66.78% while other institutional holders and individual stake holders have control over 9.67% and 33.93% of the stake respectively.
The stock has a current market capitalization of $3.39B and its 3Y-monthly beta is at 1.58. PE ratio of stock for trailing 12 months is 17.27, while it has posted earnings per share of $5.20 in the same period. Its PEG reads 1.73 and has Quick Ratio of 1.80 while making debt-to-equity ratio of 0.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AEIS, volatility over the week remained 2.69% while standing at 3.00% over the month.
Analysts are in expectations that Advanced Energy Industries Inc. (AEIS) stock would likely to be making an EPS of $1.39 in the current quarter, while forecast for next quarter EPS is $1.49 and it is $5.66 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.3 which is $1.49 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.89 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 0.20% while it is estimated to decrease by -23.13% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of 3.70% made by the stock over the past 5-years.
Analysts at 10 brokerage firms have issued recommendations for the Advanced Energy Industries Inc. (AEIS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 10 Wall Street analysts, 5 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on November 04, 2022 offering a Buy rating for the stock and assigned a target price range of between $100 and $95 to it. Coverage by Stifel stated Advanced Energy Industries Inc. (AEIS) stock as a Buy in their note to investors on August 05, 2022, suggesting a price target of $110 for the stock. On June 23, 2022, Loop Capital Initiated their recommendations, while on January 26, 2022, KeyBanc Capital Markets Initiated their ratings for the stock with a price target of $105. Stock get a Buy rating from The Benchmark Company on January 06, 2022.
