Ancora Advisors LLC Lowers Stock Position in Aebi Schmidt Holding AG $AEBI

Key Points

• Ancora Advisors reduced its Aebi Schmidt position by 21.2% in the second quarter, selling 208,584 shares and retaining 776,916 shares worth approximately $9.75 million.
• Analyst sentiment remains positive: Aebi Schmidt has a “Moderate Buy” consensus rating and a $17 price target, while Weiss Ratings upgraded the stock from “sell” to “hold.”
• Aebi Schmidt reported quarterly EPS of $0.14, slightly above estimates, on $496.41 million in revenue. The company also announced a quarterly dividend of $0.025 per share, equivalent to a 0.8% annualized yield.

Ancora Advisors LLC trimmed its position in Aebi Schmidt Holding AG (NASDAQ:AEBI - Free Report) by 21.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 776,916 shares of the company's stock after selling 208,584 shares during the quarter. Ancora Advisors LLC owned about 1.00% of Aebi Schmidt worth $9,750,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Leonteq Securities AG bought a new stake in Aebi Schmidt during the 4th quarter valued at approximately $33,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Aebi Schmidt during the 4th quarter valued at approximately $109,000. Cetera Investment Advisers bought a new stake in shares of Aebi Schmidt during the first quarter valued at approximately $117,000. Amundi bought a new stake in shares of Aebi Schmidt during the first quarter valued at approximately $118,000. Finally, Glenmede Trust Co. NA lifted 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 worth $138,000 after buying an additional 2,898 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of Aebi Schmidt from a "sell (d)" rating to a "hold (c-)" rating in a report on Wednesday, August 26th. DA Davidson upped their price target 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, Roth Capital reiterated 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. Based on data from MarketBeat.com, Aebi Schmidt has an average rating of "Moderate Buy" and a consensus price target of $17.00.

Aebi Schmidt Stock Performance

Shares of NASDAQ:AEBI opened at $12.05 on Wednesday. The company has a market capitalization of $935.12 million, a price-to-earnings ratio of 37.66 and a beta of 2.44. Aebi Schmidt Holding AG has a 12 month low of $8.91 and a 12 month high of $15.96. The firm's 50-day moving average is $12.61 and its 200 day moving average is $12.37. 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 - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Aebi Schmidt had a net margin of 1.09% and a return on equity of 2.59%. The company had revenue of $496.41 million during the quarter. During the same period last year, the firm earned ($0.06) earnings per share. Research analysts predict that Aebi Schmidt Holding AG will post 0.69 EPS for the current year.

Aebi Schmidt Dividend Announcement

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

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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