Aegion Corp (NASDAQ:AEGN) has been given a consensus rating of “Hold” by the six analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $23.00.

Several brokerages have commented on AEGN. Zacks Investment Research downgraded Aegion from a “hold” rating to a “sell” rating in a report on Friday, February 1st. ValuEngine raised Aegion from a “sell” rating to a “hold” rating in a report on Monday, April 29th. BidaskClub raised Aegion from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, Maxim Group reaffirmed a “hold” rating and set a $17.00 target price on shares of Aegion in a report on Tuesday, April 16th.

In related news, SVP Stephen P. Callahan sold 3,419 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $21.00, for a total value of $71,799.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of AEGN. Bank of New York Mellon Corp lifted its stake in Aegion by 2.3% during the third quarter. Bank of New York Mellon Corp now owns 373,187 shares of the construction company’s stock worth $9,472,000 after purchasing an additional 8,237 shares during the last quarter. MetLife Investment Advisors LLC lifted its stake in Aegion by 53.0% in the third quarter. MetLife Investment Advisors LLC now owns 23,058 shares of the construction company’s stock valued at $585,000 after buying an additional 7,983 shares during the last quarter. Teachers Advisors LLC lifted its stake in Aegion by 4.7% in the third quarter. Teachers Advisors LLC now owns 65,804 shares of the construction company’s stock valued at $1,670,000 after buying an additional 2,928 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Aegion by 7.4% during the third quarter. Legal & General Group Plc now owns 77,487 shares of the construction company’s stock valued at $1,957,000 after purchasing an additional 5,355 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Aegion by 64.3% during the third quarter. Morgan Stanley now owns 299,050 shares of the construction company’s stock valued at $7,590,000 after purchasing an additional 117,003 shares in the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Aegion stock traded up $0.07 during mid-day trading on Friday, reaching $15.71. 4,792 shares of the company were exchanged, compared to its average volume of 197,847. Aegion has a 12 month low of $15.12 and a 12 month high of $26.80. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 1.83. The firm has a market cap of $489.88 million, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.33 and a beta of 1.87.

Aegion (NASDAQ:AEGN) last issued its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). Aegion had a net margin of 0.08% and a return on equity of 7.76%. The business had revenue of $276.90 million during the quarter, compared to the consensus estimate of $303.85 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. Sell-side analysts expect that Aegion will post 1.18 earnings per share for the current fiscal year.

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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