Todays Report: The New York State Teachers Retirement System sells partial stakes of Aegion Corp. (AEGN)

The New York State Teachers Retirement System sells partial stakes of Aegion Corp. (AEGN)

New York State Teachers Retirement System cut its position in shares of Aegion Corp. (NASDAQ:AEGN) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 131,427 shares of the company’s stock after selling 300 shares during the period. New York State Teachers Retirement System’s holdings in Aegion Corp. were worth $2,564,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in Aegion Corp. by 42.8% in the first quarter. Royal Bank of Canada now owns 10,030 shares of the company’s stock worth $211,000 after buying an additional 3,007 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Aegion Corp. by 96.8% in the second quarter. BNP Paribas Arbitrage SA now owns 11,785 shares of the company’s stock worth $230,000 after buying an additional 5,796 shares in the last quarter. HBK Investments L P acquired a new stake in Aegion Corp. during the first quarter worth $318,000. Bogle Investment Management L P DE acquired a new stake in Aegion Corp. during the first quarter worth $324,000. Finally, Aperio Group LLC boosted its stake in Aegion Corp. by 5.2% in the first quarter. Aperio Group LLC now owns 22,350 shares of the company’s stock worth $471,000 after buying an additional 1,103 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Shares of Aegion Corp. (NASDAQ:AEGN) traded down 1.10% during mid-day trading on Thursday, reaching $18.84. 128,912 shares of the company were exchanged. The firm’s 50-day moving average is $18.74 and its 200-day moving average is $19.61. The company’s market capitalization is $624.96 million. Aegion Corp. has a 12 month low of $16.00 and a 12 month high of $22.41.

Aegion Corp. (NASDAQ:AEGN) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Aegion Corp. had a negative net margin of 1.45% and a positive return on equity of 7.08%. The firm earned $297.69 million during the quarter, compared to analyst estimates of $313.10 million. During the same quarter last year, the business posted $0.35 EPS. The company’s revenue was down 11.7% on a year-over-year basis. On average, equities analysts forecast that Aegion Corp. will post $1.13 earnings per share for the current fiscal year.

A number of research firms have recently commented on AEGN. DA Davidson reiterated a “hold” rating and set a $20.00 target price on shares of Aegion Corp. in a research report on Wednesday, October 5th. Sidoti began coverage on Aegion Corp. in a research report on Monday, June 27th. They set a “neutral” rating on the stock. Finally, Hilliard Lyons upgraded Aegion Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 28th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.33.

About Aegion Corp.

Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.

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