Boston Partners increased its position in shares of Aegion Corp (NASDAQ:AEGN) by 17.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,213,459 shares of the construction company’s stock after buying an additional 183,579 shares during the period. Boston Partners owned 3.68% of Aegion Corp worth $28,249,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AEGN. SG Americas Securities LLC acquired a new position in Aegion Corp during the first quarter worth $119,000. Vanguard Group Inc. raised its position in Aegion Corp by 4.4% during the first quarter. Vanguard Group Inc. now owns 3,050,397 shares of the construction company’s stock worth $69,885,000 after acquiring an additional 128,485 shares during the period. Geode Capital Management LLC raised its position in Aegion Corp by 4.4% during the first quarter. Geode Capital Management LLC now owns 277,556 shares of the construction company’s stock worth $6,358,000 after acquiring an additional 11,626 shares during the period. Renaissance Technologies LLC raised its position in Aegion Corp by 6.6% during the first quarter. Renaissance Technologies LLC now owns 560,096 shares of the construction company’s stock worth $12,832,000 after acquiring an additional 34,596 shares during the period. Finally, BlackRock Inc. raised its position in Aegion Corp by 12,966.0% during the first quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock worth $100,010,000 after acquiring an additional 4,331,939 shares during the period. 91.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Aegion Corp (NASDAQ:AEGN) traded up $0.57 during mid-day trading on Wednesday, reaching $27.59. 160,200 shares of the company’s stock traded hands, compared to its average volume of 208,289. The company has a current ratio of 2.36, a quick ratio of 2.09 and a debt-to-equity ratio of 0.65. Aegion Corp has a one year low of $19.11 and a one year high of $27.73. The stock has a market capitalization of $897.41, a price-to-earnings ratio of 21.11, a PEG ratio of 2.01 and a beta of 1.68.
Aegion Corp (NASDAQ:AEGN) last posted its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.06. Aegion Corp had a negative net margin of 3.03% and a positive return on equity of 7.62%. The business had revenue of $341.87 million during the quarter, compared to analyst estimates of $328.98 million. During the same quarter last year, the firm posted $0.32 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. sell-side analysts anticipate that Aegion Corp will post 1.08 EPS for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Aegion Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. TheStreet cut shares of Aegion Corp from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Canaccord Genuity increased their target price on shares of Aegion Corp from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Hilliard Lyons upgraded shares of Aegion Corp from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, October 4th. Finally, Craig Hallum cut shares of Aegion Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $25.50.
In other news, CFO David A. Martin sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief financial officer now owns 101,430 shares of the company’s stock, valued at approximately $2,434,320. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.62% of the company’s stock.
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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