874,863 Shares in Aebi Schmidt Holding AG $AEBI Bought by NewEdge Wealth LLC

NewEdge Wealth LLC bought a new stake in shares of Aebi Schmidt Holding AG (NASDAQ:AEBI) during the 2nd quarter, Holdings Channel reports. The firm bought 874,863 shares of the company’s stock, valued at approximately $10,980,000.

Several other hedge funds have also bought and sold shares of AEBI. Pzena Investment Management LLC purchased a new stake in Aebi Schmidt in the second quarter worth about $54,208,000. BlackRock Inc. bought a new position in shares of Aebi Schmidt in the second quarter worth about $40,634,000. Medina Value Partners LLC lifted its position in shares of Aebi Schmidt by 22.8% during the 4th quarter. Medina Value Partners LLC now owns 1,432,510 shares of the company’s stock valued at $18,121,000 after buying an additional 265,838 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Aebi Schmidt by 63.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 934,224 shares of the company’s stock valued at $11,818,000 after buying an additional 363,890 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Aebi Schmidt by 2.4% during the 4th quarter. Russell Investments Group Ltd. now owns 701,958 shares of the company’s stock valued at $8,880,000 after acquiring an additional 16,600 shares during the period.

Aebi Schmidt Stock Up 2.8%

Shares of AEBI opened at $12.42 on Thursday. Aebi Schmidt Holding AG has a 12-month low of $8.91 and a 12-month high of $15.96. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $963.79 million and a PE ratio of 38.81. The business’s 50 day moving average is $12.61 and its 200 day moving average is $12.56.

Aebi Schmidt (NASDAQ:AEBI) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $496.41 million during the quarter. Aebi Schmidt had a net margin of 1.09% and a return on equity of 2.59%. During the same period last year, the business earned ($0.06) earnings per share. Research analysts expect that Aebi Schmidt Holding AG will post 0.69 earnings per share for the current fiscal year.

Aebi Schmidt Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 20th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.8%. Aebi Schmidt’s dividend payout ratio is currently 31.25%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AEBI. DA Davidson increased their target price on shares of Aebi Schmidt from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Roth Capital reiterated a “buy” rating and issued a $17.00 price target on shares of Aebi Schmidt in a research report on Friday, August 14th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Aebi Schmidt in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.00.

Aebi Schmidt Company Profile

Aebi Schmidt is a Swiss-based company that designs, manufactures and services specialized equipment for municipal and commercial surface maintenance. The company’s offerings focus on machines and attachment systems used for snow-clearing, street sweeping, vegetation management, and related upkeep of roads, paths and public spaces. Aebi Schmidt supplies complete vehicle systems as well as modular implements that can be mounted on carriers for year‑round use.

Product lines typically include multi‑purpose maintenance vehicles, snowplows and salt spreaders, street sweepers, mowers and verge management tools, plus a range of hydraulic attachments and consumable parts.