Principal Financial Group Inc. Trims Stake in Aegion Corp (AEGN)

Principal Financial Group Inc. reduced its position in shares of Aegion Corp (NASDAQ:AEGN) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 297,261 shares of the construction company’s stock after selling 5,111 shares during the period. Principal Financial Group Inc. owned about 0.90% of Aegion worth $6,920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AEGN. Boston Partners lifted its stake in Aegion by 17.8% in the third quarter. Boston Partners now owns 1,213,459 shares of the construction company’s stock valued at $28,249,000 after buying an additional 183,579 shares during the period. State Street Corp grew its holdings in Aegion by 0.9% during the second quarter. State Street Corp now owns 920,962 shares of the construction company’s stock worth $20,152,000 after buying an additional 8,122 shares in the last quarter. Royce & Associates LP grew its holdings in Aegion by 2.3% during the second quarter. Royce & Associates LP now owns 877,893 shares of the construction company’s stock worth $19,208,000 after buying an additional 19,447 shares in the last quarter. Northern Trust Corp grew its holdings in Aegion by 31.1% during the second quarter. Northern Trust Corp now owns 860,285 shares of the construction company’s stock worth $18,823,000 after buying an additional 203,912 shares in the last quarter. Finally, Foundry Partners LLC grew its holdings in Aegion by 7.9% during the third quarter. Foundry Partners LLC now owns 536,853 shares of the construction company’s stock worth $12,498,000 after buying an additional 39,484 shares in the last quarter. Institutional investors own 92.99% of the company’s stock.

In other Aegion news, EVP David F. Morris sold 9,239 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $28.05, for a total value of $259,153.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David A. Martin sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the chief financial officer now directly owns 101,430 shares in the company, valued at approximately $2,434,320. The disclosure for this sale can be found here. Corporate insiders own 3.62% of the company’s stock.

AEGN has been the subject of several recent research reports. ValuEngine upgraded Aegion from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Hilliard Lyons upgraded Aegion from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, October 4th. Canaccord Genuity restated a “buy” rating and issued a $26.00 price objective on shares of Aegion in a research note on Thursday, August 10th. TheStreet downgraded Aegion from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research upgraded Aegion from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Aegion currently has a consensus rating of “Buy” and a consensus price target of $25.50.

Shares of Aegion Corp (AEGN) opened at $26.99 on Friday. The stock has a market capitalization of $888.63, a PE ratio of 21.34, a P/E/G ratio of 2.03 and a beta of 1.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.09 and a current ratio of 2.36. Aegion Corp has a 1-year low of $19.11 and a 1-year high of $28.19.

Aegion (NASDAQ:AEGN) last issued its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $341.87 million for the quarter, compared to analysts’ expectations of $328.98 million. Aegion had a positive return on equity of 7.62% and a negative net margin of 3.03%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 EPS. analysts expect that Aegion Corp will post 1.08 earnings per share for the current fiscal year.

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About Aegion

Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.

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Institutional Ownership by Quarter for Aegion (NASDAQ:AEGN)

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