NewEdge Wealth LLC Sells 222,081 Shares of Aebi Schmidt Holding AG $AEBI

NewEdge Wealth LLC reduced its stake in shares of Aebi Schmidt Holding AG (NASDAQ:AEBI) by 19.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 919,470 shares of the company’s stock after selling 222,081 shares during the period. NewEdge Wealth LLC’s holdings in Aebi Schmidt were worth $8,928,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Leonteq Securities AG bought a new stake in shares of Aebi Schmidt during the fourth quarter worth $33,000. State of Alaska Department of Revenue acquired a new stake in shares of Aebi Schmidt during the fourth quarter worth $41,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Aebi Schmidt in the 4th quarter valued at $109,000. Trexquant Investment LP bought a new stake in Aebi Schmidt in the 4th quarter valued at $153,000. Finally, Intech Investment Management LLC lifted its position in Aebi Schmidt by 14.7% in the 4th quarter. Intech Investment Management LLC now owns 12,375 shares of the company’s stock valued at $157,000 after acquiring an additional 1,584 shares in the last quarter.

Aebi Schmidt Price Performance

NASDAQ:AEBI opened at $13.38 on Friday. Aebi Schmidt Holding AG has a 52-week low of $8.91 and a 52-week high of $15.96. The company has a market cap of $1.04 billion and a P/E ratio of 111.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.14 and a current ratio of 1.99. The stock’s 50-day simple moving average is $12.31 and its 200 day simple moving average is $12.73.

Aebi Schmidt (NASDAQ:AEBI) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $455.55 million during the quarter. Aebi Schmidt had a net margin of 0.48% and a return on equity of 1.19%. As a group, sell-side analysts forecast that Aebi Schmidt Holding AG will post 0.68 EPS for the current fiscal year.

Aebi Schmidt Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, August 20th will be paid a $0.025 dividend. The ex-dividend date is Thursday, August 20th. Aebi Schmidt’s dividend payout ratio (DPR) is currently 83.33%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. DA Davidson reiterated a “buy” rating and set a $15.00 target price on shares of Aebi Schmidt in a report on Monday, May 18th. Weiss Ratings raised Aebi Schmidt from a “sell (e)” rating to a “sell (d)” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Aebi Schmidt presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Insider Activity

In other news, CEO Henning Schroeder bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $11.30 per share, for a total transaction of $33,900.00. Following the purchase, the chief executive officer owned 61,000 shares of the company’s stock, valued at approximately $689,300. This trade represents a 5.17% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Marco Portmann purchased 5,000 shares of Aebi Schmidt stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $11.31 per share, with a total value of $56,550.00. Following the acquisition, the chief financial officer directly owned 30,000 shares of the company’s stock, valued at $339,300. This trade represents a 20.00% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 22,000 shares of company stock worth $252,965. Insiders own 39.10% of the company’s stock.

Aebi Schmidt 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.