Ancora Advisors LLC Takes $9.75 Million Position in Aebi Schmidt Holding AG $AEBI

Key Points

• Ancora Advisors acquired 776,916 shares of Aebi Schmidt Holding AG in the second quarter, valued at approximately $9.75 million and representing a 1% stake.
• Institutional interest increased, with Pzena Investment Management, BlackRock, and NewEdge Wealth also establishing new positions. Analysts remain mixed, with two Buy ratings and one Sell rating, producing a consensus Hold rating and a $17 price target.
• Aebi Schmidt reported quarterly EPS of $0.14, exceeding the $0.13 consensus estimate, on revenue of $496.41 million. The company also declared a quarterly dividend of $0.025 per share, equivalent to a 0.8% annualized yield.

Ancora Advisors LLC acquired a new position in shares of Aebi Schmidt Holding AG (NASDAQ:AEBI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 776,916 shares of the company's stock, valued at approximately $9,750,000. Ancora Advisors LLC owned 1.00% of Aebi Schmidt at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC bought a new stake in shares of Aebi Schmidt during the second quarter valued at about $54,208,000. BlackRock Inc. bought a new position in Aebi Schmidt in the 2nd quarter valued at about $40,634,000. NewEdge Wealth LLC acquired a new position in Aebi Schmidt during the 2nd quarter valued at about $10,980,000. Loomis Sayles & Co. L P increased its stake in 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 during the period. Finally, Congruence Capital LLC acquired a new position in Aebi Schmidt during the 4th quarter valued at about $4,196,000.

Wall Street Analyst Weigh In

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

Aebi Schmidt Trading Up 1.2%

Aebi Schmidt stock opened at $12.36 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.14 and a current ratio of 1.98. The firm has a market cap of $959.14 million and a price-to-earnings ratio of 38.62. Aebi Schmidt Holding AG has a 1 year low of $8.91 and a 1 year high of $15.96. The firm's 50 day moving average price is $12.61 and its two-hundred day moving average price is $12.48.

Aebi Schmidt (NASDAQ:AEBI - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. The company had revenue of $496.41 million during the quarter. Aebi Schmidt had a return on equity of 2.59% and a net margin of 1.09%.During the same quarter last year, the company posted ($0.06) EPS. On average, research analysts predict that Aebi Schmidt Holding AG will post 0.69 EPS 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. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.025 per share. 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 is currently 31.25%.

Aebi Schmidt 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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