Aegion Corp (AEGN) Receives Neutral Rating from DA Davidson
Several other research analysts have also recently commented on the stock. Seaport Global Securities cut shares of Aegion Corp from an accumulate rating to a neutral rating in a report on Wednesday, November 23rd. Sidoti upgraded shares of Aegion Corp from a neutral rating to a buy rating in a report on Tuesday, November 22nd. Canaccord Genuity began coverage on shares of Aegion Corp in a report on Tuesday. They set a buy rating and a $30.00 target price for the company. Finally, TheStreet upgraded shares of Aegion Corp from a hold rating to a buy rating in a report on Thursday, December 22nd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $23.50.
Aegion Corp (NASDAQ:AEGN) traded up 0.0952% during mid-day trading on Wednesday, reaching $22.8217. 155,223 shares of the company’s stock traded hands. Aegion Corp has a 1-year low of $16.00 and a 1-year high of $26.14. The firm’s market cap is $744.28 million. The firm has a 50 day moving average of $24.81 and a 200 day moving average of $20.65.
Aegion Corp (NASDAQ:AEGN) last released its quarterly earnings results on Monday, October 31st. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The company earned $308.52 million during the quarter, compared to analyst estimates of $318.99 million. Aegion Corp had a negative net margin of 1.72% and a positive return on equity of 6.43%. The firm’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. Analysts forecast that Aegion Corp will post $1.04 EPS for the current year.
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In other Aegion Corp news, EVP David F. Morris sold 15,000 shares of the company’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $22.57, for a total transaction of $338,550.00. Following the sale, the executive vice president now directly owns 153,108 shares of the company’s stock, valued at $3,455,647.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John D. Huhn sold 2,700 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $23.00, for a total transaction of $62,100.00. Following the sale, the senior vice president now directly owns 20,888 shares in the company, valued at $480,424. The disclosure for this sale can be found here. Company insiders own 3.47% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Aegion Corp by 24.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,796,055 shares of the company’s stock valued at $53,321,000 after buying an additional 544,465 shares during the period. Highbridge Capital Management LLC raised its position in shares of Aegion Corp by 1.3% in the third quarter. Highbridge Capital Management LLC now owns 35,446 shares of the company’s stock valued at $676,000 after buying an additional 445 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Aegion Corp by 114.8% in the third quarter. D. E. Shaw & Co. Inc. now owns 22,685 shares of the company’s stock valued at $433,000 after buying an additional 12,125 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Aegion Corp during the third quarter valued at $462,000. Finally, Two Sigma Advisers LP raised its position in shares of Aegion Corp by 16.1% in the third quarter. Two Sigma Advisers LP now owns 65,612 shares of the company’s stock valued at $1,251,000 after buying an additional 9,100 shares during the last quarter. 88.91% of the stock is currently owned by hedge funds and other institutional investors.
About Aegion Corp
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.
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