Steffen Schewerda Purchases 5,000 Shares of Aebi Schmidt (NASDAQ:AEBI) Stock

Aebi Schmidt Holding AG (NASDAQ:AEBI) CEO Steffen Schewerda acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average cost of $11.68 per share, for a total transaction of $58,400.00. Following the transaction, the chief executive officer owned 75,375 shares of the company’s stock, valued at $880,380. This represents a 7.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Aebi Schmidt Price Performance

AEBI opened at $12.26 on Thursday. The stock has a market capitalization of $950.27 million and a price-to-earnings ratio of 102.17. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.99 and a quick ratio of 1.14. The company has a 50-day moving average of $11.34. Aebi Schmidt Holding AG has a 1 year low of $8.91 and a 1 year high of $83.26.

Aebi Schmidt (NASDAQ:AEBI) last released its quarterly 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 net margin of 0.48% and a return on equity of 1.19%. The firm had revenue of $455.55 million during the quarter. As a group, sell-side analysts expect that Aebi Schmidt Holding AG will post 0.62 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on AEBI shares. Weiss Ratings raised shares of Aebi Schmidt from a “sell (e)” rating to a “sell (d)” rating in a report on Friday, May 15th. DA Davidson reissued a “buy” rating and issued a $15.00 price objective on shares of Aebi Schmidt in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.00.

Hedge Funds Weigh In On Aebi Schmidt

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in Aebi Schmidt by 12.8% in the 1st quarter. Bank of America Corp DE now owns 59,990 shares of the company’s stock worth $583,000 after purchasing an additional 6,787 shares in the last quarter. Janus Henderson Group PLC increased its stake in Aebi Schmidt by 383.5% during the 1st quarter. Janus Henderson Group PLC now owns 77,708 shares of the company’s stock valued at $755,000 after purchasing an additional 61,636 shares in the last quarter. Amundi purchased a new position in shares of Aebi Schmidt in the first quarter worth $118,000. The Manufacturers Life Insurance Company lifted its stake in shares of Aebi Schmidt by 56.7% during the first quarter. The Manufacturers Life Insurance Company now owns 19,360 shares of the company’s stock worth $188,000 after buying an additional 7,005 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of Aebi Schmidt by 36.9% during the first quarter. Quantinno Capital Management LP now owns 121,386 shares of the company’s stock worth $1,179,000 after buying an additional 32,692 shares during the period.

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.