BidaskClub upgraded shares of Aegion (NASDAQ:AEGN) from a hold rating to a buy rating in a report released on Thursday, BidAskClub reports.
AEGN has been the topic of several other research reports. ValuEngine raised shares of Aegion from a sell rating to a hold rating in a research report on Wednesday, November 11th. Stifel Nicolaus raised shares of Aegion from a hold rating to a buy rating and set a $24.00 target price on the stock in a report on Monday, December 7th. Finally, Zacks Investment Research lowered Aegion from a strong-buy rating to a hold rating and set a $15.00 price target for the company. in a report on Monday, September 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $19.50.
Shares of AEGN opened at $20.47 on Thursday. The firm has a market cap of $629.92 million, a PE ratio of -15.39 and a beta of 1.27. The stock’s fifty day moving average price is $18.58 and its two-hundred day moving average price is $16.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.96 and a quick ratio of 1.74. Aegion has a 1 year low of $11.40 and a 1 year high of $23.35.
Aegion (NASDAQ:AEGN) last announced its quarterly earnings data on Monday, November 2nd. The construction company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. Aegion had a positive return on equity of 7.55% and a negative net margin of 3.65%. The company had revenue of $275.88 million during the quarter, compared to analyst estimates of $280.90 million. Sell-side analysts anticipate that Aegion will post 0.93 earnings per share for the current fiscal year.
In related news, SVP Mark Menghini sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $18.00, for a total transaction of $36,000.00. Following the completion of the transaction, the senior vice president now owns 51,368 shares of the company’s stock, valued at $924,624. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.88% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its position in shares of Aegion by 2.4% in the third quarter. California Public Employees Retirement System now owns 68,615 shares of the construction company’s stock worth $970,000 after buying an additional 1,600 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Aegion by 36.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 169,671 shares of the construction company’s stock valued at $2,397,000 after acquiring an additional 45,206 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Aegion by 15.7% during the 3rd quarter. First Trust Advisors LP now owns 458,701 shares of the construction company’s stock valued at $6,481,000 after acquiring an additional 62,402 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Aegion by 13.4% during the second quarter. Nuveen Asset Management LLC now owns 1,074,282 shares of the construction company’s stock worth $17,049,000 after purchasing an additional 126,997 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Aegion by 5.2% in the second quarter. Bank of America Corp DE now owns 205,383 shares of the construction company’s stock worth $3,260,000 after purchasing an additional 10,235 shares during the last quarter. Hedge funds and other institutional investors own 94.68% of the company’s stock.
Aegion Company Profile
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion and other threats; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil and natural gas companies.
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