Ernest Chan Sells 521 Shares of Aecon Group (TSE:ARE) Stock

Aecon Group Inc. (TSE:ARE) insider Ernest Chan sold 521 shares of Aecon Group stock in a transaction dated Friday, May 8th. The stock was sold at an average price of C$55.09, for a total value of C$28,701.89. Following the completion of the sale, the insider directly owned 11,003 shares in the company, valued at C$606,155.27. This trade represents a 4.52% decrease in their ownership of the stock.

Aecon Group Trading Down 0.1%

ARE traded down C$0.04 on Monday, hitting C$53.00. The company had a trading volume of 405,079 shares, compared to its average volume of 495,619. The company has a market cap of C$3.63 billion, a PE ratio of 96.36, a PEG ratio of 18.18 and a beta of 1.16. Aecon Group Inc. has a 12-month low of C$17.06 and a 12-month high of C$57.72. The company has a quick ratio of 1.27, a current ratio of 1.16 and a debt-to-equity ratio of 42.80. The business’s fifty day simple moving average is C$43.92 and its 200 day simple moving average is C$35.80.

Aecon Group (TSE:ARE) last released its quarterly earnings results on Tuesday, April 28th. The company reported C($0.21) EPS for the quarter. The company had revenue of C$1.26 billion during the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%. Equities research analysts expect that Aecon Group Inc. will post 1.3793321 EPS for the current year.

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were given a $0.1925 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.77 annualized dividend and a yield of 1.5%. Aecon Group’s dividend payout ratio (DPR) is currently 138.64%.

Analyst Ratings Changes

ARE has been the subject of several recent analyst reports. TD boosted their target price on Aecon Group from C$49.00 to C$59.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada boosted their target price on Aecon Group from C$44.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. BMO Capital Markets boosted their target price on Aecon Group from C$45.00 to C$49.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Canaccord Genuity Group boosted their target price on Aecon Group from C$52.00 to C$56.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, ATB Cormark Capital Markets boosted their target price on Aecon Group from C$42.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Aecon Group presently has an average rating of “Hold” and an average price target of C$52.29.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.