Arizona State Retirement System lifted its holdings in Aegion Corp (NASDAQ:AEGN) by 218.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,666 shares of the construction company’s stock after purchasing an additional 37,493 shares during the period. Arizona State Retirement System owned about 0.17% of Aegion worth $1,390,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Pinebridge Investments L.P. lifted its stake in shares of Aegion by 31.0% in the 4th quarter. Pinebridge Investments L.P. now owns 72,514 shares of the construction company’s stock worth $1,844,000 after purchasing an additional 17,171 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Aegion by 70.1% in the 4th quarter. Wells Fargo & Company MN now owns 52,005 shares of the construction company’s stock worth $1,322,000 after purchasing an additional 21,437 shares during the period. KBC Group NV lifted its stake in shares of Aegion by 22.2% in the 4th quarter. KBC Group NV now owns 170,495 shares of the construction company’s stock worth $4,336,000 after purchasing an additional 30,924 shares during the period. California Public Employees Retirement System lifted its stake in shares of Aegion by 3.7% in the 4th quarter. California Public Employees Retirement System now owns 155,083 shares of the construction company’s stock worth $3,944,000 after purchasing an additional 5,483 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of Aegion in the 4th quarter worth approximately $291,000. Hedge funds and other institutional investors own 93.94% of the company’s stock.
In other Aegion news, CAO Michael D. White sold 4,141 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $23.36, for a total transaction of $96,733.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles R. Gordon sold 20,000 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $23.36, for a total transaction of $467,200.00. Following the sale, the chief executive officer now directly owns 306,802 shares of the company’s stock, valued at $7,166,894.72. The disclosure for this sale can be found here. 3.37% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on AEGN shares. ValuEngine upgraded shares of Aegion from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. DA Davidson reiterated a “neutral” rating on shares of Aegion in a research note on Thursday, March 1st. Hilliard Lyons cut shares of Aegion from a “buy” rating to a “neutral” rating in a research note on Thursday, December 21st. BidaskClub cut shares of Aegion from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $26.00 price objective on shares of Aegion in a research note on Thursday, December 14th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Aegion currently has an average rating of “Hold” and a consensus target price of $26.75.
NASDAQ AEGN traded down $0.87 on Friday, reaching $22.79. 115,041 shares of the stock were exchanged, compared to its average volume of 120,812. Aegion Corp has a one year low of $19.11 and a one year high of $28.19. The stock has a market cap of $771.16, a price-to-earnings ratio of 22.13, a PEG ratio of 1.40 and a beta of 1.70. The company has a current ratio of 2.24, a quick ratio of 2.00 and a debt-to-equity ratio of 0.63.
Aegion (NASDAQ:AEGN) last released its earnings results on Wednesday, February 28th. The construction company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Aegion had a positive return on equity of 6.32% and a negative net margin of 5.37%. The firm had revenue of $337.50 million for the quarter, compared to the consensus estimate of $332.50 million. sell-side analysts forecast that Aegion Corp will post 1.36 EPS for the current year.
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Aegion Company Profile
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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