First Trust Advisors LP boosted its stake in Aegion Co. (NASDAQ:AEGN) by 15.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 458,701 shares of the construction company’s stock after acquiring an additional 62,402 shares during the quarter. First Trust Advisors LP’s holdings in Aegion were worth $6,481,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in shares of Aegion by 78.3% during the 2nd quarter. Bank of Montreal Can now owns 7,849 shares of the construction company’s stock worth $114,000 after purchasing an additional 3,447 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Aegion by 204.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,098 shares of the construction company’s stock worth $114,000 after purchasing an additional 5,438 shares in the last quarter. Seizert Capital Partners LLC acquired a new position in Aegion in the 3rd quarter valued at approximately $146,000. Pacer Advisors Inc. acquired a new stake in shares of Aegion during the third quarter worth $182,000. Finally, Handelsbanken Fonder AB acquired a new stake in shares of Aegion during the second quarter worth $189,000. 89.70% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. TheStreet raised shares of Aegion from a “d+” rating to a “c-” rating in a research note on Thursday, August 6th. Zacks Investment Research lowered shares of Aegion from a “strong-buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research report on Monday, September 28th. BidaskClub upgraded shares of Aegion from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. Finally, ValuEngine upgraded shares of Aegion from a “sell” rating to a “hold” rating in a report on Wednesday, November 11th. Five equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $19.00.
In related news, CEO Charles R. Gordon sold 50,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $16.26, for a total value of $813,000.00. Following the completion of the sale, the chief executive officer now directly owns 331,364 shares of the company’s stock, valued at approximately $5,387,978.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.88% of the company’s stock.
Shares of Aegion stock opened at $16.85 on Friday. The stock has a market cap of $518.53 million, a price-to-earnings ratio of -12.67 and a beta of 1.18. The firm’s 50-day moving average is $15.33 and its 200 day moving average is $15.37. Aegion Co. has a 1 year low of $11.40 and a 1 year high of $23.65. 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 (NASDAQ:AEGN) last posted its earnings results on Monday, November 2nd. The construction company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. Aegion had a negative net margin of 3.65% and a positive return on equity of 7.55%. On average, equities analysts expect that Aegion Co. will post 0.94 EPS for the current fiscal year.
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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