Dimensional Fund Advisors LP decreased its holdings in Aegion Corp (NASDAQ:AEGN) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,990,033 shares of the construction company’s stock after selling 18,875 shares during the quarter. Dimensional Fund Advisors LP owned 8.96% of Aegion Corp worth $65,422,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Aegion Corp by 12,966.0% during the first quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock valued at $100,010,000 after acquiring an additional 4,331,939 shares during the last quarter. River Road Asset Management LLC acquired a new position in shares of Aegion Corp during the second quarter valued at approximately $7,762,000. Parametric Portfolio Associates LLC raised its holdings in shares of Aegion Corp by 332.3% during the first quarter. Parametric Portfolio Associates LLC now owns 296,334 shares of the construction company’s stock valued at $6,789,000 after acquiring an additional 227,788 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Aegion Corp by 191.4% during the second quarter. First Trust Advisors LP now owns 311,103 shares of the construction company’s stock valued at $6,807,000 after acquiring an additional 204,345 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Aegion Corp by 31.1% during the second quarter. Northern Trust Corp now owns 860,285 shares of the construction company’s stock valued at $18,823,000 after acquiring an additional 203,912 shares during the last quarter. 88.86% of the stock is owned by institutional investors.
Aegion Corp (NASDAQ AEGN) opened at 22.53 on Friday. The firm has a market cap of $710.78 million, a PE ratio of 16.63 and a beta of 1.69. Aegion Corp has a one year low of $17.85 and a one year high of $26.68. The firm’s 50 day moving average price is $22.09 and its 200-day moving average price is $21.64.
Aegion Corp (NASDAQ:AEGN) last posted its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.08). Aegion Corp had a net margin of 3.57% and a return on equity of 7.52%. The company had revenue of $354.47 million for the quarter, compared to analyst estimates of $351.51 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. Aegion Corp’s revenue was up 18.9% on a year-over-year basis. Equities analysts predict that Aegion Corp will post $1.06 EPS for the current fiscal year.
AEGN has been the subject of a number of research analyst reports. BidaskClub raised Aegion Corp from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research raised Aegion Corp from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. Craig Hallum cut Aegion Corp from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Stifel Nicolaus reissued a “hold” rating and set a $23.50 target price on shares of Aegion Corp in a report on Friday, July 7th. Finally, Hilliard Lyons raised Aegion Corp from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, October 4th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Aegion Corp has an average rating of “Buy” and an average price target of $25.17.
About Aegion Corp
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.
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