Royce & Associates LP Cuts Stake in Aebi Schmidt Holding AG $AEBI

Royce & Associates LP lowered its position in shares of Aebi Schmidt Holding AG (NASDAQ:AEBI) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,140,966 shares of the company’s stock after selling 190,855 shares during the quarter. Royce & Associates LP owned 1.48% of Aebi Schmidt worth $14,433,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Leonteq Securities AG purchased a new position in Aebi Schmidt during the 4th quarter worth $33,000. State of Alaska Department of Revenue purchased a new position in Aebi Schmidt during the 4th quarter worth $41,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Aebi Schmidt during the 4th quarter worth $109,000. JPMorgan Chase & Co. purchased a new position in Aebi Schmidt during the 3rd quarter worth $695,000. Finally, Pacific Ridge Capital Partners LLC raised its position in Aebi Schmidt by 4.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 80,698 shares of the company’s stock worth $1,021,000 after buying an additional 3,590 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AEBI shares. DA Davidson reaffirmed a “buy” rating and set a $15.00 price target on shares of Aebi Schmidt in a research note on Monday, May 18th. Weiss Ratings raised shares of Aebi Schmidt from a “sell (e)” rating to a “sell (d)” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.00.

Insider Buying and Selling at Aebi Schmidt

In other Aebi Schmidt news, CEO Henning Schroeder acquired 3,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $11.30 per share, with a total value of $33,900.00. Following the purchase, the chief executive officer owned 61,000 shares in the company, valued at approximately $689,300. The trade was a 5.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Steffen Schewerda acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $11.68 per share, for a total transaction of $58,400.00. Following the completion of the purchase, the chief executive officer owned 75,375 shares in the company, valued at $880,380. The trade was a 7.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 22,000 shares of company stock valued at $252,965 in the last quarter. Insiders own 39.10% of the company’s stock.

Aebi Schmidt Stock Up 5.0%

NASDAQ:AEBI opened at $12.71 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.14 and a current ratio of 1.99. Aebi Schmidt Holding AG has a fifty-two week low of $8.91 and a fifty-two week high of $83.26. The firm has a market cap of $985.10 million and a PE ratio of 105.92. The stock’s fifty day moving average is $11.24.

Aebi Schmidt (NASDAQ:AEBI) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $455.55 million for the quarter. Aebi Schmidt had a return on equity of 1.19% and a net margin of 0.48%. Equities analysts anticipate that Aebi Schmidt Holding AG will post 0.62 earnings per share for the current year.

Aebi Schmidt Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Friday, June 5th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, June 5th. Aebi Schmidt’s dividend payout ratio is presently 83.33%.

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.