MetLife Investment Advisors LLC purchased a new position in Aegion Co. (NASDAQ:AEGN) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,075 shares of the construction company’s stock, valued at approximately $383,000.
Other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in Aegion in the 3rd quarter worth approximately $133,000. UBS Asset Management Americas Inc. acquired a new position in Aegion in the 4th quarter worth approximately $209,000. Teacher Retirement System of Texas acquired a new position in Aegion in the 4th quarter worth approximately $291,000. Stone Ridge Asset Management LLC acquired a new position in Aegion in the 4th quarter worth approximately $601,000. Finally, Wells Fargo & Company MN increased its holdings in Aegion by 8.0% in the 3rd quarter. Wells Fargo & Company MN now owns 30,568 shares of the construction company’s stock worth $712,000 after buying an additional 2,272 shares during the period. Institutional investors own 93.91% of the company’s stock.
In other Aegion news, CEO Charles R. Gordon sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $23.36, for a total value of $467,200.00. Following the sale, the chief executive officer now owns 306,802 shares in the company, valued at approximately $7,166,894.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 value of $96,733.76. The disclosure for this sale can be found here. Corporate insiders own 3.37% of the company’s stock.
Several equities analysts recently weighed in on the stock. ValuEngine downgraded shares of Aegion from a “buy” rating to a “hold” rating in a report on Thursday, April 19th. Zacks Investment Research lowered Aegion from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. BidaskClub lowered Aegion from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, DA Davidson restated a “neutral” rating on shares of Aegion in a research report on Thursday, March 1st. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Aegion currently has an average rating of “Hold” and a consensus price target of $26.75.
Aegion stock opened at $24.02 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.00 and a current ratio of 2.24. Aegion Co. has a 12 month low of $19.11 and a 12 month high of $28.19. The company has a market capitalization of $753.23, a price-to-earnings ratio of 23.32, a P/E/G ratio of 1.36 and a beta of 1.69.
Aegion (NASDAQ:AEGN) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $337.50 million during the quarter, compared to analysts’ expectations of $332.50 million. sell-side analysts expect that Aegion Co. will post 1.36 earnings per share for the current year.
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Aegion Company Profile
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. 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 providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil companies.
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