Aecon Group (TSE:ARE) Insider Ernest Chan Sells 521 Shares

Aecon Group Inc. (TSE:ARE) insider Ernest Chan sold 521 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of C$55.09, for a total transaction of C$28,701.89. Following the completion of the transaction, the insider directly owned 11,003 shares of the company’s stock, valued at C$606,155.27. This trade represents a 4.52% decrease in their position.

Aecon Group Stock Down 0.1%

TSE:ARE traded down C$0.04 during trading hours on Monday, reaching C$53.00. The company’s stock had a trading volume of 405,079 shares, compared to its average volume of 495,619. The company has a market capitalization of C$3.63 billion, a P/E ratio of 96.36, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. Aecon Group Inc. has a 12 month low of C$17.06 and a 12 month high of C$57.72. The company has a debt-to-equity ratio of 42.80, a quick ratio of 1.27 and a current ratio of 1.16. The stock has a 50 day moving average price of C$43.92 and a two-hundred day moving average price of C$35.80.

Aecon Group (TSE:ARE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported C($0.21) EPS for the quarter. The business had revenue of C$1.26 billion during the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%. Equities analysts predict that Aecon Group Inc. will post 1.3793321 EPS for the current fiscal year.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were given a dividend of $0.1925 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.5%. Aecon Group’s dividend payout ratio is presently 138.64%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ARE. BMO Capital Markets upped their price target on Aecon Group from C$45.00 to C$49.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Jefferies Financial Group upped their price target on Aecon Group from C$49.00 to C$59.00 in a research report on Monday, April 27th. National Bank Financial upped their price target on Aecon Group from C$48.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce upped their price target on Aecon Group from C$45.00 to C$48.00 in a research report on Thursday, April 9th. Finally, TD upped their price target on Aecon Group from C$49.00 to C$59.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Aecon Group presently has an average rating of “Hold” and a consensus target price of C$52.29.

About Aecon Group

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.