451,816 Shares in Aebi Schmidt Holding AG $AEBI Purchased by Meros Investment Management LP

Meros Investment Management LP acquired a new stake in Aebi Schmidt Holding AG (NASDAQ:AEBI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 451,816 shares of the company’s stock, valued at approximately $5,670,291,000. Aebi Schmidt makes up approximately 1.8% of Meros Investment Management LP’s portfolio, making the stock its 23rd biggest holding. Meros Investment Management LP owned about 0.58% of Aebi Schmidt as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of AEBI. Intech Investment Management LLC lifted its holdings in shares of Aebi Schmidt by 14.7% in the fourth quarter. Intech Investment Management LLC now owns 12,375 shares of the company’s stock valued at $157,000 after purchasing an additional 1,584 shares in the last quarter. Deutsche Bank AG grew its position in shares of Aebi Schmidt by 6.5% during the 4th quarter. Deutsche Bank AG now owns 26,876 shares of the company’s stock worth $340,000 after purchasing an additional 1,652 shares in the last quarter. Swiss National Bank grew its stake in Aebi Schmidt by 2.5% during the first quarter. Swiss National Bank now owns 76,500 shares of the company’s stock worth $743,000 after buying an additional 1,900 shares in the last quarter. Nuveen LLC boosted its stake in Aebi Schmidt by 2.0% in the fourth quarter. Nuveen LLC now owns 120,783 shares of the company’s stock valued at $1,528,000 after buying an additional 2,412 shares in the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of Aebi Schmidt during the 4th quarter valued at approximately $33,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Roth Capital reaffirmed a “buy” rating and set a $17.00 price target on shares of Aebi Schmidt in a research report on Friday, August 14th. DA Davidson increased their price target on Aebi Schmidt from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Aebi Schmidt in a research report on Wednesday, August 12th. Two 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, Aebi Schmidt has an average rating of “Hold” and a consensus price target of $17.00.

Aebi Schmidt Stock Performance

Shares of AEBI opened at $12.36 on Wednesday. The stock has a market cap of $959.14 million and a price-to-earnings ratio of 38.62. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.67. Aebi Schmidt Holding AG has a 52 week low of $8.91 and a 52 week high of $15.96. The business has a 50-day simple moving average of $12.61 and a two-hundred day simple moving average of $12.48.

Aebi Schmidt (NASDAQ:AEBI) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The firm 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 prior year, the firm posted ($0.06) EPS. On average, analysts expect that Aebi Schmidt Holding AG will post 0.69 EPS for the current year.

Aebi Schmidt Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 20th. Aebi Schmidt’s payout ratio is currently 31.25%.

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.