Meros Investment Management LP purchased a new position in shares of Aebi Schmidt Holding AG (NASDAQ:AEBI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 451,816 shares of the company's stock, valued at approximately $5,670,291. Aebi Schmidt comprises approximately 0.0% of Meros Investment Management LP's portfolio, making the stock its 23rd biggest holding. Meros Investment Management LP owned approximately 0.58% of Aebi Schmidt as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of AEBI. Hsbc Holdings PLC bought a new stake in Aebi Schmidt during the second quarter valued at about $321,000. Ancora Advisors LLC purchased a new position in Aebi Schmidt in the 2nd quarter valued at approximately $9,750,000. Legal & General Group Plc acquired a new stake in shares of Aebi Schmidt in the second quarter worth approximately $282,000. The Manufacturers Life Insurance Company purchased a new stake in Aebi Schmidt during the 2nd quarter worth approximately $226,000. Finally, Algert Global LLC bought a new stake in shares of Aebi Schmidt during the second quarter valued at about $1,475,000.
Aebi Schmidt Trading Down 0.2%
Shares of NASDAQ AEBI traded down $0.03 during trading on Friday, hitting $12.32. 408,585 shares of the company traded hands, compared to its average volume of 301,432. The company has a 50-day moving average price of $12.62 and a 200-day moving average price of $12.44. Aebi Schmidt Holding AG has a 1 year low of $8.91 and a 1 year high of $15.96. The firm has a market capitalization of $956.03 million and a P/E ratio of 38.50. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.67.
Aebi Schmidt (NASDAQ:AEBI - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $496.41 million for the quarter. Aebi Schmidt had a net margin of 1.09% and a return on equity of 2.59%. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, equities analysts predict that Aebi Schmidt Holding AG will post 0.69 EPS for the current year.
Aebi Schmidt Announces Dividend
The business also recently declared 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 annualized dividend and a yield of 0.8%. Aebi Schmidt's dividend payout ratio is presently 31.25%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. Roth Capital reaffirmed a "buy" rating and set a $17.00 price objective on shares of Aebi Schmidt in a report on Friday, August 14th. DA Davidson lifted their price objective on shares of Aebi Schmidt from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Finally, Weiss Ratings upgraded Aebi Schmidt from a "sell (d)" rating to a "hold (c-)" rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.00.
Read Our Latest Stock Report on AEBI
About Aebi Schmidt
(
Free Report)
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.
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