Royal Bank of Canada Has $164,000 Stake in Aegion Corp (AEGN)

Royal Bank of Canada grew its position in Aegion Corp (NASDAQ:AEGN) by 123.1% in the first quarter, HoldingsChannel.com reports. The fund owned 7,139 shares of the construction company’s stock after buying an additional 3,939 shares during the period. Royal Bank of Canada’s holdings in Aegion were worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Aegion by 0.5% in the 1st quarter. BlackRock Inc. now owns 4,381,939 shares of the construction company’s stock valued at $100,391,000 after acquiring an additional 21,054 shares during the period. Nuveen Asset Management LLC grew its position in shares of Aegion by 6.7% in the 1st quarter. Nuveen Asset Management LLC now owns 1,414,881 shares of the construction company’s stock valued at $32,415,000 after acquiring an additional 88,887 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Aegion by 6.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 311,309 shares of the construction company’s stock valued at $7,133,000 after acquiring an additional 18,189 shares during the period. KBC Group NV grew its position in shares of Aegion by 6.0% in the 1st quarter. KBC Group NV now owns 180,676 shares of the construction company’s stock valued at $4,139,000 after acquiring an additional 10,181 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in shares of Aegion in the 1st quarter valued at about $1,670,000. 90.55% of the stock is owned by institutional investors.

AEGN has been the subject of several research analyst reports. Zacks Investment Research raised shares of Aegion from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Stifel Nicolaus lifted their target price on shares of Aegion from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, May 25th. BidaskClub downgraded shares of Aegion from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Finally, ValuEngine downgraded shares of Aegion from a “buy” rating to a “hold” rating in a report on Thursday, April 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $27.75.

Shares of AEGN stock opened at $24.42 on Tuesday. The stock has a market cap of $809.29 million, a P/E ratio of 25.08, a P/E/G ratio of 1.47 and a beta of 1.74. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.63. Aegion Corp has a 52 week low of $19.81 and a 52 week high of $28.19.

Aegion (NASDAQ:AEGN) last announced its earnings results on Wednesday, August 1st. The construction company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $335.03 million for the quarter, compared to the consensus estimate of $328.80 million. Aegion had a positive return on equity of 6.50% and a negative net margin of 6.33%. research analysts forecast that Aegion Corp will post 1.36 EPS for the current year.

Aegion Profile

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil companies.

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Institutional Ownership by Quarter for Aegion (NASDAQ:AEGN)

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