UBS Group AG Decreases Holdings in Aebi Schmidt Holding AG $AEBI

UBS Group AG trimmed its holdings in shares of Aebi Schmidt Holding AG (NASDAQ:AEBI) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 326,244 shares of the company’s stock after selling 62,940 shares during the quarter. UBS Group AG’s holdings in Aebi Schmidt were worth $4,127,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of Aebi Schmidt during the 4th quarter valued at about $41,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Aebi Schmidt during the 4th quarter valued at about $109,000. Finally, JPMorgan Chase & Co. bought a new position in Aebi Schmidt during the 3rd quarter valued at about $695,000.

Aebi Schmidt Trading Up 2.0%

Shares of NASDAQ:AEBI opened at $12.10 on Friday. The company has a market cap of $937.87 million and a P/E ratio of 100.83. Aebi Schmidt Holding AG has a 12 month low of $8.91 and a 12 month high of $83.26. The firm’s 50-day moving average price is $11.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.99 and a quick ratio of 1.14.

Aebi Schmidt (NASDAQ:AEBI) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $455.55 million for the quarter. Aebi Schmidt had a net margin of 0.48% and a return on equity of 1.19%. As a group, equities analysts forecast that Aebi Schmidt Holding AG will post 0.62 EPS for the current fiscal year.

Aebi Schmidt Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders 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 is Friday, June 5th. Aebi Schmidt’s dividend payout ratio is currently 83.33%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings upgraded shares of Aebi Schmidt from a “sell (e)” rating to a “sell (d)” rating in a report on Friday, May 15th. DA Davidson reiterated a “buy” rating and set a $15.00 price target on shares of Aebi Schmidt in a report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.00.

Insider Activity at Aebi Schmidt

In related news, CEO Steffen Schewerda bought 5,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were acquired at an average cost of $11.68 per share, for a total transaction of $58,400.00. Following the purchase, the chief executive officer directly owned 75,375 shares of the company’s stock, valued at approximately $880,380. The trade was a 7.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Henning Schroeder bought 3,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was bought at an average price of $11.30 per share, for a total transaction of $33,900.00. Following the completion of the purchase, the chief executive officer directly owned 61,000 shares in the company, valued at approximately $689,300. This represents a 5.17% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 21,500 shares of company stock valued at $247,315 over the last 90 days. 39.10% of the stock is currently owned by insiders.

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.