Aegion (AEGN) Given Hold Rating at Stifel Nicolaus
Aegion (NASDAQ:AEGN)‘s stock had its “hold” rating reiterated by research analysts at Stifel Nicolaus in a report issued on Thursday. They currently have a $26.00 price objective on the construction company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 0.23% from the company’s previous close.
A number of other research analysts also recently weighed in on the company. Craig Hallum downgraded Aegion from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Zacks Investment Research raised Aegion from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Hilliard Lyons raised Aegion from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, October 4th. Canaccord Genuity increased their price objective on Aegion from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, BidaskClub raised Aegion from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.33.
Aegion (AEGN) traded down $0.13 during mid-day trading on Thursday, reaching $25.94. The company had a trading volume of 165,100 shares, compared to its average volume of 204,013. Aegion has a fifty-two week low of $19.11 and a fifty-two week high of $28.19. The company has a current ratio of 2.36, a quick ratio of 2.09 and a debt-to-equity ratio of 0.65. The firm has a market cap of $833.66, a P/E ratio of 20.37, a P/E/G ratio of 1.92 and a beta of 1.76.
In other news, CFO David A. Martin sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer now directly owns 101,430 shares of the company’s stock, valued at $2,434,320. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David F. Morris sold 9,239 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $28.05, for a total value of $259,153.95. The disclosure for this sale can be found here. Corporate insiders own 3.62% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Boston Partners grew its holdings in shares of Aegion by 17.8% in the third quarter. Boston Partners now owns 1,213,459 shares of the construction company’s stock valued at $28,249,000 after acquiring an additional 183,579 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Aegion by 9.3% in the third quarter. Royce & Associates LP now owns 959,893 shares of the construction company’s stock valued at $22,346,000 after acquiring an additional 82,000 shares in the last quarter. State Street Corp grew its holdings in Aegion by 0.9% during the second quarter. State Street Corp now owns 920,962 shares of the construction company’s stock valued at $20,152,000 after purchasing an additional 8,122 shares during the period. Northern Trust Corp grew its holdings in Aegion 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 purchasing an additional 203,912 shares during the period. Finally, Foundry Partners LLC grew its holdings in Aegion by 7.9% during the third quarter. Foundry Partners LLC now owns 536,853 shares of the construction company’s stock valued at $12,498,000 after purchasing an additional 39,484 shares during the period. 92.99% of the stock is owned by institutional investors.
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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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