NewEdge Wealth LLC bought a new position in Aebi Schmidt Holding AG (NASDAQ:AEBI – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 874,863 shares of the company’s stock, valued at approximately $10,980,000. NewEdge Wealth LLC owned about 1.13% of Aebi Schmidt as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in AEBI. Leonteq Securities AG bought a new stake in shares of Aebi Schmidt during the fourth quarter valued at approximately $33,000. State of Alaska Department of Revenue bought a new position in Aebi Schmidt in the 4th quarter valued at approximately $41,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Aebi Schmidt in the 4th quarter valued at approximately $109,000. Cetera Investment Advisers purchased a new stake in Aebi Schmidt during the 1st quarter valued at $117,000. Finally, Trexquant Investment LP purchased a new stake in Aebi Schmidt during the 4th quarter valued at $153,000.
Aebi Schmidt Stock Up 2.8%
AEBI stock opened at $12.42 on Thursday. The company has a market cap of $963.79 million and a price-to-earnings ratio of 38.81. 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 business’s 50-day moving average is $12.61 and its two-hundred day moving average is $12.56. Aebi Schmidt Holding AG has a fifty-two week low of $8.91 and a fifty-two week high of $15.96.
Aebi Schmidt Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 20th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, August 20th. Aebi Schmidt’s payout ratio is 31.25%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on AEBI. Weiss Ratings restated a “sell (d)” rating on shares of Aebi Schmidt in a research note on Wednesday, August 12th. DA Davidson lifted their price objective on Aebi Schmidt from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Roth Capital reissued a “buy” rating and issued a $17.00 target price on shares of Aebi Schmidt in a research report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.00.
Get Our Latest Stock Report on Aebi Schmidt
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.
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