Algert Global LLC Acquires New Shares in Aebi Schmidt Holding AG $AEBI

Key Points

• Algert Global LLC acquired 117,492 shares of Aebi Schmidt Holding AG in the second quarter, valued at approximately $1.48 million and representing about 0.15% of the company.
• Aebi Schmidt reported quarterly EPS of $0.14, topping estimates of $0.13, on revenue of $496.41 million. Analysts expect full-year EPS of $0.69.
• The company declared a quarterly dividend of $0.025, or $0.10 annually, while analysts maintain a “Moderate Buy” consensus and a $17 price target versus the stock’s recent $12.35 price.

Algert Global LLC bought a new position in Aebi Schmidt Holding AG (NASDAQ:AEBI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 117,492 shares of the company's stock, valued at approximately $1,475,000. Algert Global LLC owned about 0.15% of Aebi Schmidt at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AEBI. Leonteq Securities AG acquired a new stake in Aebi Schmidt in the fourth quarter worth about $33,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Aebi Schmidt during the 4th quarter worth about $109,000. Cetera Investment Advisers acquired a new stake in shares of Aebi Schmidt in the 1st quarter worth approximately $117,000. Amundi acquired a new stake in shares of Aebi Schmidt in the 1st quarter worth approximately $118,000. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Aebi Schmidt by 25.7% in the first quarter. Glenmede Trust Co. NA now owns 14,161 shares of the company's stock valued at $138,000 after acquiring an additional 2,898 shares in the last quarter.

Aebi Schmidt Price Performance

Shares of NASDAQ:AEBI opened at $12.35 on Friday. Aebi Schmidt Holding AG has a one year low of $8.91 and a one year high of $15.96. The stock has a fifty day moving average of $12.62 and a 200-day moving average of $12.44. The company has a market capitalization of $958.40 million and a PE ratio of 38.59. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.14 and a current ratio of 1.98.

Aebi Schmidt (NASDAQ:AEBI - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. Aebi Schmidt had a return on equity of 2.59% and a net margin of 1.09%.The business had revenue of $496.41 million for the quarter. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. As a group, equities analysts anticipate that Aebi Schmidt Holding AG will post 0.69 EPS for the current fiscal year.

Aebi Schmidt Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, August 20th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th. Aebi Schmidt's dividend payout ratio (DPR) is 31.25%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AEBI shares. Weiss Ratings upgraded Aebi Schmidt from a "sell (d)" rating to a "hold (c-)" rating in a research report on Wednesday. DA Davidson raised their target price on Aebi Schmidt from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Finally, Roth Capital reaffirmed a "buy" rating and set a $17.00 target price on shares of Aebi Schmidt in a report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" 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.

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