BidaskClub cut shares of Aegion (NASDAQ:AEGN) from a hold rating to a sell rating in a report published on Saturday, BidAskClub reports.

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.

Aegion (NASDAQ:AEGN) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The business had revenue of $245.02 million during the quarter, compared to the consensus estimate of $255.40 million. Aegion had a positive return on equity of 7.98% and a negative net margin of 0.55%. Equities analysts anticipate that Aegion will post 0.9 earnings per share for the current fiscal year.

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.

About Aegion

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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