Aegion Corp (AEGN) Stake Decreased by Scout Investments Inc.
Scout Investments Inc. lessened its position in Aegion Corp (NASDAQ:AEGN) by 37.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,975 shares of the construction company’s stock after selling 53,675 shares during the quarter. Scout Investments Inc. owned approximately 279,664.92% of Aegion Corp worth $2,118,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEGN. BlackRock Inc. lifted its stake in shares of Aegion Corp by 12,966.0% in the 1st quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock valued at $100,010,000 after purchasing an additional 4,331,939 shares during the period. River Road Asset Management LLC purchased a new position in shares of Aegion Corp in the 2nd quarter valued at approximately $7,762,000. First Trust Advisors LP lifted its stake in shares of Aegion Corp by 191.4% in the 2nd quarter. First Trust Advisors LP now owns 311,103 shares of the construction company’s stock valued at $6,807,000 after purchasing an additional 204,345 shares during the period. Northern Trust Corp lifted its stake in shares of Aegion Corp by 31.1% in the 2nd quarter. Northern Trust Corp now owns 860,285 shares of the construction company’s stock valued at $18,823,000 after purchasing an additional 203,912 shares during the period. Finally, Boston Partners lifted its stake in shares of Aegion Corp by 17.8% in the 3rd quarter. Boston Partners now owns 1,213,459 shares of the construction company’s stock valued at $28,249,000 after purchasing an additional 183,579 shares during the period. Institutional investors own 89.07% of the company’s stock.
Aegion Corp (AEGN) opened at $26.89 on Friday. The stock has a market capitalization of $874.65, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 2.00 and a beta of 1.68. Aegion Corp has a one year low of $19.11 and a one year high of $27.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.09 and a current ratio of 2.36.
Aegion Corp (NASDAQ:AEGN) last announced its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. The business had revenue of $341.87 million during the quarter, compared to analysts’ expectations of $328.98 million. Aegion Corp had a positive return on equity of 7.62% and a negative net margin of 3.03%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share. equities research analysts forecast that Aegion Corp will post 1.08 EPS for the current fiscal year.
Aegion Corp declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 1st that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
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A number of research firms have recently commented on AEGN. Zacks Investment Research upgraded Aegion Corp from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet cut Aegion Corp from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Canaccord Genuity raised their target price on Aegion Corp from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Hilliard Lyons upgraded Aegion Corp from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, October 4th. Finally, Craig Hallum cut Aegion Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $25.50.
In other Aegion Corp news, CFO David A. Martin sold 10,000 shares of Aegion Corp stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief financial officer now owns 101,430 shares in the company, valued at $2,434,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.62% of the stock is currently owned by insiders.
Aegion Corp Profile
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.
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