BlackRock Inc. Takes Position in Aebi Schmidt Holding AG $AEBI

Key Points

• BlackRock acquired 3.24 million shares of Aebi Schmidt Holding during the second quarter, worth approximately $40.6 million and representing a 4.18% stake.
• Aebi Schmidt reported quarterly EPS of $0.14, exceeding the $0.13 consensus estimate, on revenue of $496.4 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $17, versus a recent share price of $12.05.
• The company declared a quarterly dividend of $0.025 per share, equal to $0.10 annually and a 0.8% yield; several other institutional investors also increased or initiated positions.

BlackRock Inc. purchased a new stake in shares of Aebi Schmidt Holding AG (NASDAQ:AEBI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,237,791 shares of the company's stock, valued at approximately $40,634,000. BlackRock Inc. owned approximately 4.18% of Aebi Schmidt at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Medina Value Partners LLC lifted its holdings in Aebi Schmidt by 22.8% in the 4th quarter. Medina Value Partners LLC now owns 1,432,510 shares of the company's stock valued at $18,121,000 after acquiring an additional 265,838 shares during the last quarter. Congruence Capital LLC bought a new stake in Aebi Schmidt during the fourth quarter worth approximately $4,196,000. Meros Investment Management LP grew its position in Aebi Schmidt by 57.0% in the fourth quarter. Meros Investment Management LP now owns 141,322 shares of the company's stock worth $1,788,000 after buying an additional 51,322 shares during the last quarter. Kennedy Capital Management LLC grew its position in Aebi Schmidt by 57.6% in the fourth quarter. Kennedy Capital Management LLC now owns 456,087 shares of the company's stock worth $5,770,000 after buying an additional 166,709 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Aebi Schmidt in the first quarter valued at $374,000.

Aebi Schmidt Price Performance

NASDAQ:AEBI opened at $12.05 on Wednesday. The firm has a market cap of $935.12 million, a PE 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 company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.67. The company's 50-day moving average price is $12.61 and its two-hundred day moving average price is $12.37.

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 company had revenue of $496.41 million during the quarter. Aebi Schmidt had a net margin of 1.09% and a return on equity of 2.59%. During the same period in the previous year, the business posted ($0.06) EPS. On average, equities analysts anticipate that Aebi Schmidt Holding AG will post 0.69 EPS for the current fiscal year.

Aebi Schmidt Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th. Aebi Schmidt's dividend payout ratio (DPR) is currently 31.25%.

Analyst Upgrades and Downgrades

AEBI has been the topic of a number of analyst reports. DA Davidson increased their price objective on Aebi Schmidt from $15.00 to $17.00 and gave the company a "buy" rating in a report on Friday, August 14th. Weiss Ratings raised Aebi Schmidt from a "sell (d)" rating to a "hold (c-)" rating in a research report on Wednesday, August 26th. Finally, Roth Capital reiterated a "buy" rating and set a $17.00 price target on shares of Aebi Schmidt in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $17.00.

About Aebi Schmidt

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.

Want to see what other hedge funds are holding AEBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aebi Schmidt Holding AG (NASDAQ:AEBI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source