Aegion Corp. (AEGN) Trading 2.4% Higher
Aegion Corp. (NASDAQ:AEGN) traded up 2.4% on Tuesday . The company traded as high as $18.10 and last traded at $17.93, with a volume of 148,909 shares trading hands. The stock had previously closed at $17.51.
A number of equities research analysts have weighed in on the company. Sidoti assumed coverage on Aegion Corp. in a research report on Monday, June 27th. They set a “neutral” rating on the stock. Hilliard Lyons upgraded Aegion Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $22.00.
The company’s market cap is $593.78 million. The company has a 50-day moving average of $18.73 and a 200-day moving average of $19.77.
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Aegion Corp. (NASDAQ:AEGN) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $313.10 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. Analysts expect that Aegion Corp. will post $1.14 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Aegion Corp. by 0.8% in the first quarter. Geode Capital Management LLC now owns 249,518 shares of the company’s stock valued at $5,262,000 after buying an additional 1,980 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Aegion Corp. by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 223,876 shares of the company’s stock valued at $4,721,000 after buying an additional 13,575 shares in the last quarter. AXA purchased a new position in shares of Aegion Corp. during the first quarter valued at $777,000. UBS Group AG increased its position in shares of Aegion Corp. by 1.6% in the first quarter. UBS Group AG now owns 55,329 shares of the company’s stock valued at $1,167,000 after buying an additional 879 shares in the last quarter. Finally, Huntington Asset Advisors Inc. purchased a new position in shares of Aegion Corp. during the first quarter valued at $542,000. 88.90% of the stock is owned by institutional investors.
Aegion Corp. Company Profile
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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