Aegion (NASDAQ:AEGN) Downgraded by BidaskClub
AEGN has been the subject of several other reports. TheStreet upgraded Aegion from a d+ rating to a c- rating in a research note on Thursday, August 6th. Zacks Investment Research raised Aegion from a strong sell rating to a hold rating and set a $13.00 price objective for the company in a report on Wednesday, July 1st. Finally, ValuEngine cut Aegion from a hold rating to a sell rating in a report on Monday, August 3rd. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Aegion currently has an average rating of Hold and a consensus price target of $18.00.
AEGN opened at $14.36 on Friday. The business has a fifty day simple moving average of $16.25 and a 200 day simple moving average of $15.59. The company has a market capitalization of $444.34 million, a PE ratio of 13.13 and a beta of 1.24. Aegion 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 0.54, a current ratio of 2.04 and a quick ratio of 1.81.
In other Aegion news, CEO Charles R. Gordon sold 50,000 shares of Aegion stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $16.26, for a total value of $813,000.00. Following the completion of the transaction, the chief executive officer now directly owns 331,364 shares of the company’s stock, valued at approximately $5,387,978.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.88% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Comerica Bank raised its holdings in shares of Aegion by 2.8% during the 1st quarter. Comerica Bank now owns 29,791 shares of the construction company’s stock worth $422,000 after buying an additional 800 shares in the last quarter. Swiss National Bank increased its holdings in Aegion by 1.5% in the 1st quarter. Swiss National Bank now owns 59,700 shares of the construction company’s stock worth $1,070,000 after purchasing an additional 900 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Aegion by 9.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 12,873 shares of the construction company’s stock worth $231,000 after purchasing an additional 1,132 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Aegion by 1.5% in the 1st quarter. Thrivent Financial for Lutherans now owns 88,225 shares of the construction company’s stock worth $1,582,000 after purchasing an additional 1,287 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Aegion by 32.9% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,141 shares of the construction company’s stock worth $164,000 after purchasing an additional 2,263 shares in the last quarter. 93.94% of the stock is owned by institutional investors.
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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