State of Alaska Department of Revenue increased its stake in Aegion Corp (NASDAQ:AEGN) by 76.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,624 shares of the construction company’s stock after buying an additional 2,874 shares during the period. State of Alaska Department of Revenue’s holdings in Aegion Corp were worth $144,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Aegion Corp during the first quarter valued at approximately $119,000. Bank of Montreal Can increased its position in Aegion Corp by 88.4% in the first quarter. Bank of Montreal Can now owns 7,701 shares of the construction company’s stock valued at $176,000 after buying an additional 3,614 shares in the last quarter. Mason Street Advisors LLC increased its position in Aegion Corp by 6.5% in the first quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock valued at $181,000 after buying an additional 480 shares in the last quarter. RBF Capital LLC bought a new position in Aegion Corp during the first quarter valued at approximately $209,000. Finally, Quadrature Capital Ltd bought a new position in Aegion Corp during the fourth quarter valued at approximately $239,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.
Shares of Aegion Corp (NASDAQ AEGN) traded down 0.25% on Thursday, reaching $20.25. The company had a trading volume of 55,585 shares. The stock’s 50 day moving average is $22.24 and its 200 day moving average is $22.05. The firm has a market capitalization of $638.85 million, a price-to-earnings ratio of 14.94 and a beta of 1.67. Aegion Corp has a 52 week low of $17.18 and a 52 week high of $26.68.
Aegion Corp (NASDAQ:AEGN) last posted its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.08. Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The firm had revenue of $354.47 million during the quarter, compared to analysts’ expectations of $351.51 million. During the same period last year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, equities analysts anticipate that Aegion Corp will post $1.19 EPS for the current year.
Several research firms have recently commented on AEGN. TheStreet upgraded Aegion Corp from a “c+” rating to a “b” rating in a report on Tuesday, August 1st. Sidoti downgraded Aegion Corp from a “buy” rating to a “neutral” rating in a report on Tuesday. Canaccord Genuity lifted their price objective on Aegion Corp from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $23.50 price objective on shares of Aegion Corp in a report on Monday. Finally, BidaskClub upgraded Aegion Corp from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.17.
Aegion Corp Company Profile
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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