Bank of New York Mellon Corp Buys Shares of 100,840 Aebi Schmidt Holding AG $AEBI

Key Points

• Bank of New York Mellon initiated a stake in Aebi Schmidt Holding, purchasing 100,840 shares valued at approximately $1.27 million, representing 0.13% of the company.
• Analysts maintain a generally positive outlook, with two Buy ratings and one Hold rating; the average price target is $17.00 versus a recent share price of $12.36.
• Aebi Schmidt exceeded quarterly earnings expectations with EPS of $0.14 versus $0.13 forecast, while declaring a quarterly dividend of $0.025 per share, equivalent to a 0.8% annual yield.

Bank of New York Mellon Corp purchased a new stake in Aebi Schmidt Holding AG (NASDAQ:AEBI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 100,840 shares of the company's stock, valued at approximately $1,266,000. Bank of New York Mellon Corp owned 0.13% of Aebi Schmidt at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Leonteq Securities AG acquired a new position in shares of Aebi Schmidt during the fourth quarter valued at $33,000. Cetera Investment Advisers acquired a new position in Aebi Schmidt during the 1st quarter valued at about $117,000. Trexquant Investment LP acquired a new position in shares of Aebi Schmidt during the fourth quarter valued at approximately $153,000. Amundi acquired a new stake in Aebi Schmidt in the first quarter worth approximately $118,000. Finally, Intech Investment Management LLC lifted its position in Aebi Schmidt by 14.7% in the fourth quarter. Intech Investment Management LLC now owns 12,375 shares of the company's stock worth $157,000 after purchasing an additional 1,584 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AEBI. DA Davidson lifted 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. Weiss Ratings raised shares of Aebi Schmidt from a "sell (d)" rating to a "hold (c-)" rating in a report on Wednesday, August 26th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $17.00 price objective on shares of Aebi Schmidt in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Aebi Schmidt has an average rating of "Moderate Buy" and an average price target of $17.00.

Aebi Schmidt Trading Down 0.7%

NASDAQ AEBI opened at $12.36 on Thursday. Aebi Schmidt Holding AG has a twelve month low of $8.91 and a twelve month high of $15.96. 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 stock has a market cap of $959.14 million, a price-to-earnings ratio of 38.62 and a beta of 2.43. The firm's 50 day moving average price is $12.60 and its two-hundred day moving average price is $12.26.

Aebi Schmidt (NASDAQ:AEBI - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. Aebi Schmidt had a return on equity of 2.59% and a net margin of 1.09%.The firm had revenue of $496.41 million during the quarter. During the same period in the prior year, the company posted ($0.06) earnings per share. Equities analysts anticipate that Aebi Schmidt Holding AG will post 0.69 EPS for the current year.

Aebi Schmidt Dividend Announcement

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 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 is Thursday, August 20th. Aebi Schmidt's dividend payout ratio (DPR) is currently 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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