Aegion (AEGN) Lowered to “Hold” at BidaskClub

BidaskClub cut shares of Aegion (NASDAQ:AEGN) from a buy rating to a hold rating in a research report released on Friday.

Other research analysts also recently issued reports about the company. Craig Hallum downgraded Aegion from a buy rating to a hold rating in a research note on Tuesday, October 3rd. Zacks Investment Research downgraded Aegion from a buy rating to a hold rating in a research note on Wednesday. ValuEngine raised Aegion from a hold rating to a buy rating in a research report on Sunday, December 31st. Canaccord Genuity raised their price objective on Aegion from $26.00 to $27.00 and gave the company a buy rating in a research report on Friday, November 3rd. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $26.00 price objective on shares of Aegion in a research report on Thursday, December 14th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $26.75.

Aegion (NASDAQ AEGN) opened at $25.48 on Friday. The company has a current ratio of 2.36, a quick ratio of 2.09 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $829.11, a PE ratio of -21.06, a P/E/G ratio of 1.48 and a beta of 1.77. Aegion has a fifty-two week low of $19.11 and a fifty-two week high of $28.19.

Aegion (NASDAQ:AEGN) last posted its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. The firm had revenue of $341.87 million during the quarter, compared to the consensus estimate of $328.98 million. Aegion had a positive return on equity of 7.62% and a negative net margin of 3.03%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. analysts anticipate that Aegion will post 1.09 EPS for the current year.

In related news, EVP David F. Morris sold 9,239 shares of Aegion stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $28.05, for a total transaction of $259,153.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David A. Martin sold 10,000 shares of Aegion stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the chief financial officer now directly owns 101,430 shares of the company’s stock, valued at $2,434,320. The disclosure for this sale can be found here. Company insiders own 3.62% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its holdings in Aegion by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock valued at $102,000 after acquiring an additional 426 shares in the last quarter. Security National Bank of Sioux City Iowa IA raised its holdings in Aegion by 1.3% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 61,021 shares of the construction company’s stock valued at $1,335,000 after acquiring an additional 795 shares in the last quarter. Advisor Group Inc. raised its holdings in Aegion by 7.7% in the 2nd quarter. Advisor Group Inc. now owns 14,000 shares of the construction company’s stock valued at $306,000 after acquiring an additional 1,000 shares in the last quarter. Security National Bank of SO Dak raised its holdings in Aegion by 2.3% in the 2nd quarter. Security National Bank of SO Dak now owns 48,882 shares of the construction company’s stock valued at $1,069,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Aegion by 0.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 278,178 shares of the construction company’s stock valued at $6,087,000 after acquiring an additional 1,182 shares in the last quarter. 92.96% of the stock is owned by hedge funds and other institutional investors.

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About Aegion

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.

Analyst Recommendations for Aegion (NASDAQ:AEGN)

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