NJ State Employees Deferred Compensation Plan increased its holdings in shares of Aegion Corp (NASDAQ:AEGN) by 25.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,000 shares of the construction company’s stock after acquiring an additional 10,000 shares during the quarter. NJ State Employees Deferred Compensation Plan owned approximately 0.15% of Aegion Corp worth $1,164,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Aegion Corp by 12,966.0% during the first quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock worth $100,010,000 after acquiring an additional 4,331,939 shares during the period. Vanguard Group Inc. raised its stake in Aegion Corp by 4.4% during the first quarter. Vanguard Group Inc. now owns 3,050,397 shares of the construction company’s stock worth $69,885,000 after acquiring an additional 128,485 shares during the period. Boston Partners raised its stake in Aegion Corp by 3.2% during the second quarter. Boston Partners now owns 1,029,880 shares of the construction company’s stock worth $22,534,000 after acquiring an additional 32,205 shares during the period. State Street Corp raised its stake in Aegion Corp by 0.9% during the second quarter. State Street Corp now owns 920,962 shares of the construction company’s stock worth $20,152,000 after acquiring an additional 8,122 shares during the period. Finally, Royce & Associates LP raised its stake in Aegion Corp by 2.3% during the second quarter. Royce & Associates LP now owns 877,893 shares of the construction company’s stock worth $19,208,000 after acquiring an additional 19,447 shares during the period. Hedge funds and other institutional investors own 88.89% of the company’s stock.
Several equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Aegion Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Sidoti lowered shares of Aegion Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 2nd. Craig Hallum lowered shares of Aegion Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Stifel Nicolaus restated a “hold” rating and issued a $23.50 price target on shares of Aegion Corp in a research note on Friday, July 7th. Finally, Zacks Investment Research upgraded shares of Aegion Corp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $25.17.
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Aegion Corp (NASDAQ:AEGN) traded down 1.29% on Wednesday, hitting $22.99. 76,579 shares of the stock traded hands. The stock has a 50-day moving average price of $22.64 and a 200 day moving average price of $21.64. Aegion Corp has a 12-month low of $18.43 and a 12-month high of $26.68. The stock has a market cap of $758.95 million, a P/E ratio of 16.97 and a beta of 1.69.
Aegion Corp (NASDAQ:AEGN) last announced its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.08). Aegion Corp had a net margin of 3.57% and a return on equity of 7.52%. The firm had revenue of $354.47 million for the quarter, compared to the consensus estimate of $351.51 million. During the same period in the prior year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, equities analysts expect that Aegion Corp will post $1.04 EPS for the current fiscal year.
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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