Seaport Global Securities lowered shares of Aegion Corp. (NASDAQ:AEGN) from an accumulate rating to a neutral rating in a research report released on Wednesday.
AEGN has been the subject of several other research reports. DA Davidson reissued a hold rating and issued a $20.00 price target on shares of Aegion Corp. in a report on Wednesday, October 5th. Sidoti raised shares of Aegion Corp. from a neutral rating to a buy rating in a report on Tuesday, November 22nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Aegion Corp. presently has an average rating of Hold and an average target price of $21.33.
Aegion Corp. (NASDAQ:AEGN) opened at 24.60 on Wednesday. The company’s market capitalization is $802.28 million. The stock has a 50 day moving average price of $20.76 and a 200-day moving average price of $19.64. Aegion Corp. has a 1-year low of $16.00 and a 1-year high of $25.63.
Aegion Corp. (NASDAQ:AEGN) last announced its quarterly earnings results on Monday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.03. Aegion Corp. had a negative net margin of 1.72% and a positive return on equity of 6.43%. The firm earned $308.52 million during the quarter, compared to analyst estimates of $318.99 million. During the same period last year, the firm earned $0.44 EPS. Aegion Corp.’s quarterly revenue was down 13.5% on a year-over-year basis. Equities analysts predict that Aegion Corp. will post $1.12 earnings per share for the current year.
In other news, EVP David F. Morris sold 15,000 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $22.57, for a total transaction of $338,550.00. Following the completion of the transaction, the executive vice president now directly owns 153,108 shares in the company, valued at approximately $3,455,647.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP John D. Huhn sold 2,700 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $23.00, for a total transaction of $62,100.00. Following the transaction, the senior vice president now owns 20,888 shares of the company’s stock, valued at $480,424. The disclosure for this sale can be found here. 3.47% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in Aegion Corp. during the second quarter worth approximately $104,000. SG Americas Securities LLC acquired a new position in Aegion Corp. during the third quarter worth approximately $111,000. Mason Street Advisors LLC acquired a new position in Aegion Corp. during the second quarter worth approximately $134,000. Municipal Employees Retirement System of Michigan increased its position in Aegion Corp. by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,790 shares of the company’s stock worth $149,000 after buying an additional 120 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Aegion Corp. by 98,345.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,829 shares of the company’s stock worth $211,000 after buying an additional 10,818 shares in the last quarter. Institutional investors own 89.75% of the company’s stock.
About Aegion Corp.