BNP Paribas Arbitrage SA Purchases 5,663 Shares of Aegion Corp (AEGN)
BNP Paribas Arbitrage SA increased its stake in Aegion Corp (NASDAQ:AEGN) by 45.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,072 shares of the construction company’s stock after acquiring an additional 5,663 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.06% of Aegion worth $421,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Boston Partners lifted its stake in shares of Aegion by 17.8% in the third quarter. Boston Partners now owns 1,213,459 shares of the construction company’s stock worth $28,249,000 after acquiring an additional 183,579 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of Aegion by 12.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 42,727 shares of the construction company’s stock worth $995,000 after acquiring an additional 4,641 shares during the period. Foundry Partners LLC lifted its stake in shares of Aegion by 7.9% in the third quarter. Foundry Partners LLC now owns 536,853 shares of the construction company’s stock worth $12,498,000 after acquiring an additional 39,484 shares during the period. NJ State Employees Deferred Compensation Plan lifted its stake in shares of Aegion by 25.0% in the third quarter. NJ State Employees Deferred Compensation Plan now owns 50,000 shares of the construction company’s stock worth $1,164,000 after acquiring an additional 10,000 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of Aegion in the third quarter worth approximately $131,000. 92.99% of the stock is currently owned by institutional investors.
A number of research firms recently commented on AEGN. Zacks Investment Research raised Aegion from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. TheStreet lowered Aegion from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Canaccord Genuity lifted their target price on Aegion from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Craig Hallum downgraded Aegion from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, ValuEngine upgraded Aegion from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Aegion presently has an average rating of “Buy” and a consensus target price of $25.50.
In other news, EVP David F. Morris sold 9,239 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $28.05, for a total transaction of $259,153.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David A. Martin sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the chief financial officer now owns 101,430 shares of the company’s stock, valued at approximately $2,434,320. The disclosure for this sale can be found here. Insiders own 3.62% of the company’s stock.
Shares of Aegion Corp (NASDAQ:AEGN) opened at $27.22 on Friday. The firm has a market capitalization of $877.90, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 2.00 and a beta of 1.76. The company has a quick ratio of 2.09, a current ratio of 2.36 and a debt-to-equity ratio of 0.65. Aegion Corp has a 1-year low of $19.11 and a 1-year high of $28.19.
Aegion (NASDAQ:AEGN) last issued its earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.06. The business had revenue of $341.87 million during the quarter, compared to the consensus estimate of $328.98 million. Aegion had a positive return on equity of 7.62% and a negative net margin of 3.03%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. equities analysts anticipate that Aegion Corp will post 1.08 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This article was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.watchlistnews.com/bnp-paribas-arbitrage-sa-purchases-5663-shares-of-aegion-corp-aegn/1755070.html.
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.
Receive News & Ratings for Aegion Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegion Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.