BlackRock Inc. cut its position in shares of Aegion Corp (NASDAQ:AEGN) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,233,135 shares of the construction company’s stock after selling 132,214 shares during the quarter. BlackRock Inc. owned approximately 12.68% of Aegion Corp worth $92,621,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of Aegion Corp by 20.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 222,543 shares of the construction company’s stock valued at $4,868,000 after purchasing an additional 37,930 shares during the last quarter. AXA increased its position in shares of Aegion Corp by 30.6% during the 2nd quarter. AXA now owns 23,900 shares of the construction company’s stock valued at $523,000 after purchasing an additional 5,600 shares during the last quarter. Systematic Financial Management LP increased its position in shares of Aegion Corp by 7.5% during the 2nd quarter. Systematic Financial Management LP now owns 74,630 shares of the construction company’s stock valued at $1,633,000 after purchasing an additional 5,220 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Aegion Corp by 9.4% during the 2nd quarter. Wells Fargo & Company MN now owns 28,296 shares of the construction company’s stock valued at $619,000 after purchasing an additional 2,429 shares during the last quarter. Finally, Scout Investments Inc. increased its position in shares of Aegion Corp by 3.9% during the 2nd quarter. Scout Investments Inc. now owns 144,650 shares of the construction company’s stock valued at $3,165,000 after purchasing an additional 5,425 shares during the last quarter. Hedge funds and other institutional investors own 88.86% of the company’s stock.

Aegion Corp (AEGN) opened at 22.57 on Friday. The company’s 50-day moving average price is $22.34 and its 200 day moving average price is $21.64. The company has a market capitalization of $745.08 million, a price-to-earnings ratio of 16.66 and a beta of 1.69. Aegion Corp has a 52-week low of $17.85 and a 52-week high of $26.68.

Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The company had revenue of $354.47 million for the quarter, compared to the consensus estimate of $351.51 million. During the same period in the previous year, the firm earned $0.23 earnings per share. The company’s revenue was up 18.9% compared to the same quarter last year. On average, equities analysts expect that Aegion Corp will post $1.06 EPS for the current fiscal year.

AEGN has been the topic of several recent research reports. Craig Hallum lowered Aegion Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded Aegion Corp from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research upgraded Aegion Corp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Hilliard Lyons upgraded Aegion Corp from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $23.50 price objective on shares of Aegion Corp in a research report on Friday, July 7th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Aegion Corp currently has an average rating of “Buy” and an average price target of $25.17.

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Aegion Corp Profile

Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.

Institutional Ownership by Quarter for Aegion Corp (NASDAQ:AEGN)

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