ValuEngine upgraded shares of Aegion (NASDAQ:AEGN) from a hold rating to a buy rating in a research report sent to investors on Thursday.
Several other brokerages also recently weighed in on AEGN. BidaskClub raised Aegion from a hold rating to a buy rating in a research report on Friday, April 6th. Zacks Investment Research cut Aegion from a hold rating to a sell rating in a research report on Wednesday, February 7th. Stifel Nicolaus restated a hold rating and set a $26.00 target price on shares of Aegion in a research report on Thursday, December 14th. Finally, DA Davidson restated a neutral rating on shares of Aegion in a research report on Thursday, March 1st. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $26.75.
Aegion stock traded up $0.19 during mid-day trading on Thursday, reaching $24.90. 55,056 shares of the company were exchanged, compared to its average volume of 132,496. The company has a quick ratio of 2.00, a current ratio of 2.24 and a debt-to-equity ratio of 0.63. The firm has a market cap of $791.04, a P/E ratio of 23.67, a P/E/G ratio of 1.43 and a beta of 1.70. Aegion has a 12-month low of $19.11 and a 12-month high of $28.19.
Aegion (NASDAQ:AEGN) last posted its earnings results on Wednesday, February 28th. The construction company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). The company had revenue of $337.50 million for the quarter, compared to analysts’ expectations of $332.50 million. Aegion had a positive return on equity of 6.32% and a negative net margin of 5.37%. equities analysts expect that Aegion will post 1.36 earnings per share for the current year.
In related news, CAO Michael D. White sold 4,141 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $23.36, for a total value of $96,733.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Charles R. Gordon sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $23.36, for a total transaction of $467,200.00. Following the completion of the transaction, the chief executive officer now directly owns 306,802 shares in the company, valued at $7,166,894.72. The disclosure for this sale can be found here. 3.37% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Aegion by 2.3% during the fourth quarter. BlackRock Inc. now owns 4,360,885 shares of the construction company’s stock valued at $110,898,000 after buying an additional 99,315 shares during the period. Boston Partners raised its stake in Aegion by 5.5% during the fourth quarter. Boston Partners now owns 1,279,802 shares of the construction company’s stock worth $32,545,000 after purchasing an additional 66,343 shares during the period. Foundry Partners LLC raised its stake in Aegion by 0.7% during the fourth quarter. Foundry Partners LLC now owns 540,682 shares of the construction company’s stock worth $13,750,000 after purchasing an additional 3,829 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Aegion by 6.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 296,646 shares of the construction company’s stock worth $6,906,000 after purchasing an additional 18,468 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Aegion by 20.3% during the third quarter. Ameriprise Financial Inc. now owns 267,673 shares of the construction company’s stock worth $6,231,000 after purchasing an additional 45,130 shares during the period. 93.94% of the stock is currently owned by hedge funds and other institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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