Aegion Corp (AEGN) Stake Lessened by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC cut its stake in Aegion Corp (NASDAQ:AEGN) by 46.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,525 shares of the construction company’s stock after selling 80,071 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.27% of Aegion Corp worth $1,981,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Aegion Corp in the first quarter valued at approximately $119,000. State of Alaska Department of Revenue boosted its holdings in shares of Aegion Corp by 76.6% in the second quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock valued at $144,000 after acquiring an additional 2,874 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Aegion Corp by 45.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,280 shares of the construction company’s stock valued at $246,000 after acquiring an additional 3,540 shares in the last quarter. NGAM Advisors L.P. boosted its holdings in shares of Aegion Corp by 1.2% in the second quarter. NGAM Advisors L.P. now owns 11,569 shares of the construction company’s stock valued at $253,000 after acquiring an additional 140 shares in the last quarter. Finally, Highbridge Capital Management LLC boosted its holdings in shares of Aegion Corp by 4.4% in the first quarter. Highbridge Capital Management LLC now owns 11,744 shares of the construction company’s stock valued at $270,000 after acquiring an additional 493 shares in the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.

AEGN has been the subject of several recent analyst reports. TheStreet upgraded shares of Aegion Corp from a “c+” rating to a “b” rating in a report on Tuesday, August 1st. ValuEngine upgraded shares of Aegion Corp from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Canaccord Genuity restated a “buy” rating and set a $26.00 target price on shares of Aegion Corp in a report on Thursday, August 10th. BidaskClub upgraded shares of Aegion Corp from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Hilliard Lyons upgraded shares of Aegion Corp from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, October 4th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $25.17.

Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. Aegion Corp had a net margin of 3.57% and a return on equity of 7.52%. The company had revenue of $341.87 million during the quarter, compared to analysts’ expectations of $328.98 million. During the same quarter in the previous year, the company earned $0.32 EPS. Aegion Corp’s revenue was up 10.8% on a year-over-year basis.

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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.

Institutional Ownership by Quarter for Aegion Corp (NASDAQ:AEGN)

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