Aebi Schmidt (NASDAQ:AEBI) Stock Jumps 2.3% – Still a Buy?

Shares of Aebi Schmidt Holding AG (NASDAQ:AEBI) rose 2.3% on Wednesday. The stock traded as high as $11.44 and last traded at $11.39. Approximately 264,256 shares traded hands during trading, a decline of 13% from the average session volume of 303,805 shares. The stock had previously closed at $11.13.

Analyst Ratings Changes

Several equities research analysts have commented on AEBI shares. DA Davidson boosted their price target on shares of Aebi Schmidt from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Weiss Ratings lowered shares of Aebi Schmidt from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Finally, Roth Capital restated a “buy” rating and set a $17.00 price objective on shares of Aebi Schmidt in a research report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Aebi Schmidt has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Aebi Schmidt Price Performance

The business has a 50-day moving average price of $11.61 and a 200 day moving average price of $12.43. The company has a market cap of $879.98 million, a price-to-earnings ratio of 35.72 and a beta of 2.59. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.67.

Aebi Schmidt (NASDAQ:AEBI) last issued its earnings results on Friday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $496.41 million for the quarter. Aebi Schmidt had a return on equity of 2.59% and a net margin of 1.09%. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. As a group, 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 declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, November 12th will be given a $0.0250 dividend. The ex-dividend date is Thursday, November 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.9%. Aebi Schmidt’s dividend payout ratio (DPR) is 31.25%.

Hedge Funds Weigh In On Aebi Schmidt

A number of institutional investors have recently bought and sold shares of AEBI. Hollow Brook Wealth Management LLC acquired a new position in Aebi Schmidt in the 3rd quarter valued at approximately $280,000. State of Alaska Department of Revenue grew its stake in Aebi Schmidt by 93.5% in the third quarter. State of Alaska Department of Revenue now owns 6,359 shares of the company’s stock valued at $66,000 after purchasing an additional 3,072 shares in the last quarter. Ulrich Consultants & Investment Group LLC purchased a new position in Aebi Schmidt in the third quarter valued at about $106,000. Corient Private Wealth LP increased its position in Aebi Schmidt by 108.7% in the 2nd quarter. Corient Private Wealth LP now owns 94,159 shares of the company’s stock worth $1,182,000 after purchasing an additional 49,040 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Aebi Schmidt during the 2nd quarter worth about $321,000.

Aebi Schmidt Company Profile

Aebi Schmidt is a Switzerland-based provider of intelligent solutions for maintaining clean, safe and accessible transport infrastructure. The company develops, manufactures and services specialized equipment and systems used by public authorities, airports, road operators, contractors and other infrastructure organizations.

Its product portfolio includes snowplows, spreaders and other winter-service equipment; street sweepers and cleaning systems; airport runway maintenance vehicles; and equipment for vegetation management and surface maintenance.