Dimensional Fund Advisors LP Has $66.29 Million Position in Aegion Corp (AEGN)
Dimensional Fund Advisors LP lessened its stake in shares of Aegion Corp (NASDAQ:AEGN) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,847,379 shares of the construction company’s stock after selling 142,654 shares during the period. Dimensional Fund Advisors LP owned approximately 8.75% of Aegion worth $66,287,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Boston Partners increased its position in Aegion by 17.8% during the 3rd quarter. Boston Partners now owns 1,213,459 shares of the construction company’s stock valued at $28,249,000 after buying an additional 183,579 shares in the last quarter. State Street Corp increased its position in Aegion by 0.9% during the 2nd quarter. State Street Corp now owns 920,962 shares of the construction company’s stock valued at $20,152,000 after buying an additional 8,122 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Aegion by 31.1% in the 2nd quarter. Northern Trust Corp now owns 860,285 shares of the construction company’s stock worth $18,823,000 after purchasing an additional 203,912 shares in the last quarter. Foundry Partners LLC increased its holdings in shares of Aegion by 7.9% in the 3rd quarter. Foundry Partners LLC now owns 536,853 shares of the construction company’s stock worth $12,498,000 after purchasing an additional 39,484 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Aegion by 40.8% in the 3rd quarter. First Trust Advisors LP now owns 437,891 shares of the construction company’s stock worth $10,194,000 after purchasing an additional 126,788 shares in the last quarter. 92.96% of the stock is owned by institutional investors.
A number of analysts have commented on AEGN shares. ValuEngine raised Aegion from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Craig Hallum lowered Aegion from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Hilliard Lyons raised Aegion from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, October 4th. 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. Finally, TheStreet lowered Aegion from a “b-” rating to a “c” rating in a report on Thursday, November 2nd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Aegion presently has a consensus rating of “Hold” and an average target price of $26.33.
Aegion Corp (AEGN) opened at $25.61 on Friday. The stock has a market capitalization of $831.71, a price-to-earnings ratio of -21.17, a PEG ratio of 1.88 and a beta of 1.76. Aegion Corp has a 52 week low of $19.11 and a 52 week high of $28.19. 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 (NASDAQ:AEGN) last released its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.06. The firm had revenue of $341.87 million for 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 company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. research analysts predict that Aegion Corp will post 1.09 earnings per share for the current year.
In other news, EVP David F. Morris sold 9,239 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $28.05, for a total value of $259,153.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David A. Martin sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer now owns 101,430 shares in the company, valued at $2,434,320. The disclosure for this sale can be found here. Company insiders own 3.62% of the company’s stock.
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.
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