Steven Neil Nackan Sells 1,000 Shares of Aecon Group (TSE:ARE) Stock

Aecon Group Inc. (TSE:ARE) insider Steven Neil Nackan sold 1,000 shares of Aecon Group stock in a transaction on Monday, August 24th. The stock was sold at an average price of C$44.16, for a total value of C$44,160.00. Following the sale, the insider directly owned 12,535 shares of the company’s stock, valued at C$553,545.60. This represents a 7.39% decrease in their position.

Steven Neil Nackan also recently made the following trade(s):

• On Tuesday, August 18th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The shares were sold at an average price of C$47.02, for a total transaction of C$47,020.00.
• On Thursday, August 6th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The stock was sold at an average price of C$47.72, for a total transaction of C$47,720.00.

Aecon Group Stock Performance

TSE ARE opened at C$45.53 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.08 and a debt-to-equity ratio of 84.23. The company has a market capitalization of C$3.12 billion, a P/E ratio of -47.93, a P/E/G ratio of 18.18 and a beta of 1.41. Aecon Group Inc. has a 12-month low of C$19.81 and a 12-month high of C$57.72. The firm has a 50-day moving average price of C$47.42 and a two-hundred day moving average price of C$45.09.

Aecon Group (TSE:ARE) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.33 earnings per share (EPS) for the quarter. The business had revenue of C$1.63 billion during the quarter. Aecon Group had a negative return on equity of 6.76% and a negative net margin of 1.10%. Analysts anticipate that Aecon Group Inc. will post 1.3793321 earnings per share for the current year.

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were paid a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 23rd. Aecon Group’s payout ratio is -80.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. National Bank Financial boosted their target price on shares of Aecon Group from C$59.00 to C$65.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. TD reduced their price target on shares of Aecon Group from C$62.00 to C$61.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. ATB Cormark Capital Markets lifted their price objective on shares of Aecon Group from C$42.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Desjardins boosted their price objective on shares of Aecon Group from C$55.00 to C$61.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Finally, Raymond James Financial upgraded Aecon Group from a “hold” rating to a “moderate buy” rating and upped their target price for the stock from C$52.00 to C$60.00 in a research note on Friday, July 3rd. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Aecon Group presently has an average rating of “Moderate Buy” and an average target price of C$55.08.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.