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

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on AEBI. Roth Capital restated a “buy” rating and set a $17.00 price target on shares of Aebi Schmidt 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 research report on Wednesday, August 26th. Finally, DA Davidson raised their price target on Aebi Schmidt from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Aebi Schmidt currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Aebi Schmidt Trading Down 6.9%

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 stock has a market capitalization of $817.90 million, a P/E ratio of 32.94 and a beta of 2.59. The company has a 50-day moving average price of $12.23 and a 200 day moving average price of $11.92.

Aebi Schmidt (NASDAQ:AEBI) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Aebi Schmidt had a net margin of 1.09% and a return on equity of 2.59%. The firm had revenue of $496.41 million for the quarter. During the same quarter last year, the company earned ($0.06) EPS. On average, research analysts forecast that Aebi Schmidt Holding AG will post 0.69 earnings per share for the current fiscal year.

Aebi Schmidt Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors 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 dividend on an annualized basis and a dividend yield of 0.9%. Aebi Schmidt’s payout ratio is 31.25%.

Institutional Trading of Aebi Schmidt

Large investors have recently made changes to their positions in the business. Cetera Investment Advisers acquired a new position in Aebi Schmidt during the first quarter valued at $117,000. Amundi acquired a new position in shares of Aebi Schmidt in the 1st quarter valued at about $118,000. Glenmede Trust Co. NA grew its holdings in Aebi Schmidt by 25.7% during the first quarter. Glenmede Trust Co. NA now owns 14,161 shares of the company’s stock worth $138,000 after acquiring an additional 2,898 shares during the period. Jupiter Topco LLC purchased a new position in Aebi Schmidt during the second quarter valued at approximately $201,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Aebi Schmidt in the second quarter valued at approximately $226,000.

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.