Mason Street Advisors LLC acquired a new position in Aegion Corp. (NASDAQ:AEGN) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 6,863 shares of the company’s stock, valued at approximately $134,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Foundry Partners LLC purchased a new position in Aegion Corp. during the second quarter worth approximately $4,664,000. Kleinwort Benson Investors Dublin Ltd bought a new stake in shares of Aegion Corp. during the second quarter worth about $4,502,000. Bank of Montreal Can bought a new stake in shares of Aegion Corp. during the second quarter worth about $1,859,000. Panagora Asset Management Inc. boosted its stake in shares of Aegion Corp. by 18.2% in the first quarter. Panagora Asset Management Inc. now owns 617,275 shares of the company’s stock worth $13,018,000 after buying an additional 95,107 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Aegion Corp. by 7.8% in the second quarter. Alliancebernstein L.P. now owns 1,287,219 shares of the company’s stock worth $25,114,000 after buying an additional 93,442 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.
Aegion Corp. (NASDAQ:AEGN) opened at 18.57 on Monday. The firm’s market capitalization is $616.00 million. The company has a 50 day moving average price of $18.73 and a 200-day moving average price of $19.59. Aegion Corp. has a 52 week low of $16.00 and a 52 week high of $22.41.
Aegion Corp. (NASDAQ:AEGN) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Aegion Corp. had a positive return on equity of 7.08% and a negative net margin of 1.45%. The business earned $297.69 million during the quarter, compared to analyst estimates of $313.10 million. During the same quarter in the prior year, the business posted $0.35 EPS. Aegion Corp.’s revenue for the quarter was down 11.7% compared to the same quarter last year. Equities analysts predict that Aegion Corp. will post $1.13 earnings per share for the current year.
A number of brokerages have issued reports on AEGN. DA Davidson reaffirmed a “hold” rating and set a $20.00 target price on shares of Aegion Corp. in a research report on Wednesday, October 5th. Hilliard Lyons raised Aegion Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 28th. Finally, Sidoti began coverage on Aegion Corp. in a research report on Monday, June 27th. They set a “neutral” rating for the company. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently 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.