Steven Neil Nackan Sells 1,000 Shares of Aecon Group (TSE:ARE) Stock

Aecon Group Inc. (TSE:ARE) insider Steven Neil Nackan sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$47.02, for a total transaction of C$47,020.00. Following the completion of the transaction, the insider directly owned 13,535 shares in the company, valued at approximately C$636,415.70. The trade was a 6.88% decrease in their ownership of the stock.

Steven Neil Nackan also recently made the following trade(s):

• On Thursday, August 6th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The shares were sold at an average price of C$47.72, for a total transaction of C$47,720.00.

Aecon Group Stock Performance

Shares of Aecon Group stock opened at C$45.99 on Thursday. The firm has a fifty day moving average of C$47.37 and a two-hundred day moving average of C$44.73. The company has a debt-to-equity ratio of 84.23, a quick ratio of 1.27 and a current ratio of 1.08. The stock has a market capitalization of C$3.15 billion, a price-to-earnings ratio of -48.41, a PEG ratio of 18.18 and a beta of 1.41. Aecon Group Inc. has a 52 week low of C$19.81 and a 52 week high of C$57.72.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.33 earnings per share (EPS) for the quarter. Aecon Group had a negative return on equity of 6.76% and a negative net margin of 1.10%.The business had revenue of C$1.63 billion for the quarter. As a group, equities research analysts predict that Aecon Group Inc. will post 1.3793321 EPS for the current year.

Aecon Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were paid a $0.1925 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.77 annualized dividend and a yield of 1.7%. Aecon Group’s dividend payout ratio is presently -80.53%.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of recent analyst reports. Desjardins upped their price target on Aecon Group from C$55.00 to C$61.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Canaccord Genuity Group lifted their price objective on shares of Aecon Group from C$56.00 to C$57.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Royal Bank Of Canada lifted their price objective on shares of Aecon Group from C$44.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. ATB Cormark Capital Markets boosted their price objective on shares of Aecon Group from C$42.00 to C$49.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group upped their target price on shares of Aecon Group from C$49.00 to C$59.00 in a research note on Monday, April 27th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Aecon Group currently has an average rating of “Moderate Buy” and an average target price of C$55.08.

About Aecon Group

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.