Aegion (AEGN) Lowered to “Sell” at Zacks Investment Research

Aegion (NASDAQ:AEGN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “Aegion has undertaken strategic actions targeted to generate more predictable and sustainable long-term earnings growth. However, this will lead to higher restructuring charges in the near term. Further, higher input costs and interest expenses will dent margins. The stock has underperformed the industry in the past year. The company has a mixed record of earnings suprises in the last few quarters. “

AEGN has been the subject of several other research reports. BidaskClub downgraded Aegion from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. TheStreet cut Aegion from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Canaccord Genuity upped their price objective on Aegion from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Stifel Nicolaus restated a “hold” rating and issued a $26.00 price objective on shares of Aegion in a research note on Thursday, December 14th. Finally, ValuEngine upgraded Aegion from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $26.75.

Shares of Aegion (NASDAQ:AEGN) traded up $0.14 during mid-day trading on Wednesday, reaching $23.99. The company had a trading volume of 42,272 shares, compared to its average volume of 115,705. 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 $762.43, a price-to-earnings ratio of -19.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.69. Aegion has a twelve month low of $19.11 and a twelve month high of $28.19.

In other Aegion news, EVP David F. Morris sold 9,239 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $28.05, for a total value of $259,153.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.62% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its stake in shares of Aegion by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock worth $102,000 after buying an additional 426 shares during the last quarter. Victory Capital Management Inc. bought a new position in Aegion in the third quarter worth about $131,000. SG Americas Securities LLC bought a new position in Aegion in the third quarter worth about $133,000. Eqis Capital Management Inc. bought a new position in Aegion in the third quarter worth about $210,000. Finally, Crossmark Global Holdings Inc. bought a new position in Aegion in the third quarter worth about $240,000. Hedge funds and other institutional investors own 92.93% of the company’s stock.

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About Aegion

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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