PNC Financial Services Group Inc. Reduces Stake in Aebi Schmidt Holding AG $AEBI

PNC Financial Services Group Inc. lessened its holdings in Aebi Schmidt Holding AG (NASDAQ:AEBI) by 26.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 232,645 shares of the company’s stock after selling 82,884 shares during the period. PNC Financial Services Group Inc.’s holdings in Aebi Schmidt were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Leonteq Securities AG acquired a new stake in Aebi Schmidt during the 4th quarter valued at approximately $33,000. State of Alaska Department of Revenue acquired a new stake in shares of Aebi Schmidt in the fourth quarter worth $41,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Aebi Schmidt during the fourth quarter worth $109,000. Trexquant Investment LP purchased a new position in shares of Aebi Schmidt during the fourth quarter worth $153,000. Finally, Intech Investment Management LLC lifted its position in Aebi Schmidt by 14.7% during 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 during the period.

Aebi Schmidt Trading Down 4.8%

Shares of Aebi Schmidt stock opened at $13.09 on Thursday. The firm has a 50-day simple moving average of $12.41 and a two-hundred day simple moving average of $12.71. The company has a market cap of $1.01 billion and a P/E ratio of 109.08. Aebi Schmidt Holding AG has a fifty-two week low of $8.91 and a fifty-two week high of $15.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.14 and a current ratio of 1.99.

Aebi Schmidt (NASDAQ:AEBI) last posted its earnings results on Friday, May 15th. The company reported $0.01 EPS 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 business had revenue of $455.55 million for the quarter. As a group, equities analysts predict that Aebi Schmidt Holding AG will post 0.68 earnings per share for the current fiscal year.

Aebi Schmidt Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, August 20th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th. Aebi Schmidt’s dividend payout ratio (DPR) is presently 83.33%.

Wall Street Analyst Weigh In

Several research firms have commented on AEBI. DA Davidson reaffirmed a “buy” rating and issued a $15.00 price target on shares of Aebi Schmidt in a report on Monday, May 18th. Weiss Ratings upgraded Aebi Schmidt from a “sell (e)” rating to a “sell (d)” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aebi Schmidt currently has a consensus rating of “Hold” and an average price target of $15.00.

Insiders Place Their Bets

In other Aebi Schmidt news, Director Patrick Francois Schaub acquired 6,500 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $11.41 per share, for a total transaction of $74,165.00. Following the completion of the transaction, the director directly owned 49,963 shares of the company’s stock, valued at $570,077.83. This represents a 14.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steffen Schewerda bought 5,000 shares of Aebi Schmidt stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average cost of $11.68 per share, with a total value of $58,400.00. Following the completion of the purchase, the chief executive officer owned 75,375 shares in the company, valued at approximately $880,380. This trade represents a 7.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 22,000 shares of company stock valued at $252,965 over the last ninety days. 39.10% of the stock is owned by corporate insiders.

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.