Bank of America Corp DE lessened its position in shares of Aegion Corp (NASDAQ:AEGN) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,132 shares of the construction company’s stock after selling 27,881 shares during the quarter. Bank of America Corp DE owned approximately 0.59% of Aegion worth $3,086,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Aegion by 3.6% during the third quarter. BlackRock Inc. now owns 4,633,230 shares of the construction company’s stock worth $117,594,000 after acquiring an additional 161,864 shares during the last quarter. Thompson Rubinstein Investment Management Inc. OR raised its position in shares of Aegion by 4.6% during the fourth quarter. Thompson Rubinstein Investment Management Inc. OR now owns 222,908 shares of the construction company’s stock worth $3,638,000 after acquiring an additional 9,774 shares during the last quarter. Vanguard Group Inc raised its position in shares of Aegion by 2.5% during the third quarter. Vanguard Group Inc now owns 3,109,497 shares of the construction company’s stock worth $78,919,000 after acquiring an additional 75,215 shares during the last quarter. Boston Partners raised its position in shares of Aegion by 7.9% during the fourth quarter. Boston Partners now owns 1,190,432 shares of the construction company’s stock worth $19,428,000 after acquiring an additional 87,555 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Aegion by 13.6% during the fourth quarter. Principal Financial Group Inc. now owns 296,375 shares of the construction company’s stock worth $4,837,000 after acquiring an additional 35,484 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.
Shares of Aegion stock traded down $0.30 during trading on Wednesday, reaching $15.29. 71,005 shares of the company were exchanged, compared to its average volume of 149,937. The company has a quick ratio of 1.83, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. Aegion Corp has a twelve month low of $15.12 and a twelve month high of $26.80. The stock has a market cap of $488.64 million, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.33 and a beta of 1.87.
Aegion (NASDAQ:AEGN) last posted its earnings results on Wednesday, May 1st. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $303.85 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue was down 14.8% on a year-over-year basis. Analysts expect that Aegion Corp will post 1.18 EPS for the current fiscal year.
AEGN has been the subject of a number of recent research reports. Zacks Investment Research downgraded Aegion from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. BidaskClub upgraded Aegion from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. ValuEngine cut Aegion from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Finally, Maxim Group reaffirmed a “hold” rating and set a $17.00 price objective on shares of Aegion in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Aegion currently has a consensus rating of “Hold” and a consensus target price of $25.50.
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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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