Aebi Schmidt (NASDAQ:AEBI) Stock Price Down 6.5% – Here’s What Happened

Shares of Aebi Schmidt Holding AG (NASDAQ:AEBI) were down 6.5% during trading on Wednesday. The company traded as low as $10.63 and last traded at $10.58. 26,005 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 306,534 shares. The stock had previously closed at $11.32.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AEBI. DA Davidson increased their target price on Aebi Schmidt from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Roth Capital reiterated a “buy” rating and set a $17.00 target price on shares of Aebi Schmidt in a report on Friday, August 14th. Finally, Weiss Ratings upgraded shares of Aebi Schmidt from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Aebi Schmidt Stock Down 6.9%

The company’s 50 day moving average price is $12.23 and its two-hundred day moving average price is $11.92. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.67. The firm has a market cap of $817.90 million, a PE ratio of 32.94 and a beta of 2.59.

Aebi Schmidt (NASDAQ:AEBI) last announced its earnings results on Friday, August 14th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Aebi Schmidt had a return on equity of 2.59% and a net margin of 1.09%.The company had revenue of $496.41 million for the quarter. During the same period in the prior year, the business posted ($0.06) earnings per share. On average, equities research analysts expect that Aebi Schmidt Holding AG will post 0.69 EPS for the current fiscal year.

Aebi Schmidt Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, August 20th were issued a dividend of $0.0250 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.10 annualized dividend and a yield of 0.9%. Aebi Schmidt’s payout ratio is currently 31.25%.

Hedge Funds Weigh In On Aebi Schmidt

Hedge funds have recently made changes to their positions in the business. Corient Private Wealth LP raised its stake in Aebi Schmidt by 108.7% during the 2nd quarter. Corient Private Wealth LP now owns 94,159 shares of the company’s stock valued at $1,182,000 after purchasing an additional 49,040 shares during the period. Hsbc Holdings PLC purchased a new stake in Aebi Schmidt in the 2nd quarter worth $321,000. Bank of America Corp DE purchased a new position in shares of Aebi Schmidt during the second quarter valued at about $799,000. Medina Value Partners LLC bought a new position in shares of Aebi Schmidt during the 2nd quarter valued at approximately $23,893,104. Finally, Jupiter Topco LLC bought a new position in shares of Aebi Schmidt during the 2nd quarter valued at approximately $201,000.

About Aebi Schmidt

Aebi Schmidt Group develops and provides infrastructure maintenance solutions designed to support safe, clean and efficient transportation networks. The company serves public authorities, airports, contractors and other commercial customers with equipment and services for road, airport and urban-area maintenance.

Its product portfolio includes snowplows, de-icing and spreading systems, sweepers, street-cleaning equipment, mowing and vegetation-management machinery, and related vehicle-mounted solutions.