Insider Buying: Aebi Schmidt (NASDAQ:AEBI) Insider Acquires 2,000 Shares of Stock

Aebi Schmidt Holding AG (NASDAQ:AEBI) insider Marcus Andreas Scherer bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $12.15 per share, for a total transaction of $24,300.00. Following the acquisition, the insider directly owned 22,000 shares of the company’s stock, valued at approximately $267,300. The trade was a 10.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Aebi Schmidt Price Performance

Shares of AEBI stock traded down $1.13 during trading hours on Tuesday, hitting $11.30. 342,246 shares of the company’s stock were exchanged, compared to its average volume of 283,637. Aebi Schmidt Holding AG has a 52 week low of $8.91 and a 52 week high of $83.26. The firm has a market cap of $875.86 million and a PE ratio of 94.17. The company has a current ratio of 1.99, a quick ratio of 1.14 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average price of $11.40.

Aebi Schmidt (NASDAQ:AEBI) last announced its earnings results on Thursday, May 14th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Aebi Schmidt had a return on equity of 1.19% and a net margin of 0.48%.The company had revenue of $455.55 million during the quarter. Equities research analysts forecast that Aebi Schmidt Holding AG will post 0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. DA Davidson reiterated a “buy” rating and issued a $15.00 price objective on shares of Aebi Schmidt in a research report on Monday. Weiss Ratings upgraded Aebi Schmidt from a “sell (e)” rating to a “sell (d)” rating in a research report on Friday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Aebi Schmidt presently has an average rating of “Hold” and a consensus price target of $15.00.

Hedge Funds Weigh In On Aebi Schmidt

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Medina Value Partners LLC boosted its stake in Aebi Schmidt by 22.8% in the fourth quarter. Medina Value Partners LLC now owns 1,432,510 shares of the company’s stock valued at $18,121,000 after acquiring an additional 265,838 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in Aebi Schmidt by 63.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 934,224 shares of the company’s stock valued at $11,818,000 after acquiring an additional 363,890 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Aebi Schmidt by 2.4% in the fourth quarter. Russell Investments Group Ltd. now owns 701,958 shares of the company’s stock valued at $8,880,000 after purchasing an additional 16,600 shares during the last quarter. CSM Advisors LLC increased its holdings in Aebi Schmidt by 16.2% in the fourth quarter. CSM Advisors LLC now owns 494,852 shares of the company’s stock valued at $6,259,000 after purchasing an additional 69,021 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in Aebi Schmidt by 57.6% in the fourth quarter. Kennedy Capital Management LLC now owns 456,087 shares of the company’s stock valued at $5,770,000 after purchasing an additional 166,709 shares during the last quarter.

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.