Shares of Aegion Corp (NASDAQ:AEGN) have received an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $23.00.
AEGN has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Aegion from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. BidaskClub upgraded shares of Aegion from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Maxim Group initiated coverage on shares of Aegion in a research note on Monday, January 7th. They set a “hold” rating and a $18.00 price objective on the stock. Finally, ValuEngine lowered shares of Aegion from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th.
Shares of NASDAQ:AEGN traded down $0.14 during trading hours on Monday, hitting $19.43. The stock had a trading volume of 222,387 shares, compared to its average volume of 137,589. Aegion has a 1-year low of $15.12 and a 1-year high of $26.80. The firm has a market capitalization of $616.98 million, a P/E ratio of 16.33, a PEG ratio of 1.56 and a beta of 1.83. The company has a current ratio of 2.19, a quick ratio of 1.94 and a debt-to-equity ratio of 0.60.
Aegion (NASDAQ:AEGN) last announced its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. Aegion had a net margin of 0.22% and a return on equity of 8.05%. The company had revenue of $334.00 million for the quarter, compared to analyst estimates of $311.00 million. Analysts predict that Aegion will post 1.23 EPS for the current year.
In other Aegion news, SVP Stephen P. Callahan sold 3,419 shares of Aegion stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $21.00, for a total value of $71,799.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Aegion by 3.6% in the third quarter. BlackRock Inc. now owns 4,633,230 shares of the construction company’s stock worth $117,594,000 after buying an additional 161,864 shares during the last quarter. Thompson Rubinstein Investment Management Inc. OR grew its position in Aegion by 14.1% in the first quarter. Thompson Rubinstein Investment Management Inc. OR now owns 254,242 shares of the construction company’s stock worth $4,467,000 after buying an additional 31,334 shares during the last quarter. Vanguard Group Inc grew its position in Aegion by 2.5% in the third quarter. Vanguard Group Inc now owns 3,109,497 shares of the construction company’s stock worth $78,919,000 after buying an additional 75,215 shares during the last quarter. GSA Capital Partners LLP grew its position in Aegion by 65.7% in the third quarter. GSA Capital Partners LLP now owns 31,016 shares of the construction company’s stock worth $787,000 after buying an additional 12,300 shares during the last quarter. Finally, Boston Partners grew its position in Aegion by 7.9% in the fourth quarter. Boston Partners now owns 1,190,432 shares of the construction company’s stock worth $19,428,000 after buying an additional 87,555 shares during the last quarter. Hedge funds and other institutional investors own 97.37% 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 providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil and natural gas companies.
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