Insider Selling: Aegion Corp. (AEGN) EVP Sells $338,550.00 in Stock
Aegion Corp. (NASDAQ:AEGN) EVP David F. Morris sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $22.57, for a total transaction of $338,550.00. Following the transaction, the executive vice president now owns 153,108 shares of the company’s stock, valued at $3,455,647.56. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Aegion Corp. (NASDAQ:AEGN) opened at 24.18 on Thursday. The stock’s market capitalization is $788.58 million. The stock’s 50 day moving average is $19.57 and its 200-day moving average is $19.35. Aegion Corp. has a one year low of $16.00 and a one year high of $24.56.
Aegion Corp. (NASDAQ:AEGN) last released its quarterly earnings results on Monday, October 31st. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by $0.03. The firm had revenue of $308.52 million for the quarter, compared to the consensus estimate of $318.99 million. Aegion Corp. had a positive return on equity of 6.43% and a negative net margin of 1.72%. The firm’s revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 EPS. On average, equities research analysts expect that Aegion Corp. will post $1.13 EPS for the current year.
Separately, DA Davidson restated a “hold” rating and set a $20.00 target price on shares of Aegion Corp. in a report on Wednesday, October 5th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Aegion Corp. has a consensus rating of “Hold” and an average target price of $21.33.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Aegion Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 3,001,382 shares of the company’s stock valued at $58,557,000 after buying an additional 54,589 shares during the last quarter. BlackRock Fund Advisors increased its stake in Aegion Corp. by 7.6% in the third quarter. BlackRock Fund Advisors now owns 2,454,203 shares of the company’s stock valued at $46,802,000 after buying an additional 174,033 shares during the last quarter. Alliancebernstein L.P. increased its stake in Aegion Corp. by 7.8% in the second quarter. Alliancebernstein L.P. now owns 1,287,219 shares of the company’s stock valued at $25,114,000 after buying an additional 93,442 shares during the last quarter. Boston Partners increased its stake in Aegion Corp. by 5.2% in the third quarter. Boston Partners now owns 1,006,576 shares of the company’s stock valued at $19,196,000 after buying an additional 49,476 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Aegion Corp. by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 956,090 shares of the company’s stock valued at $20,164,000 after buying an additional 9,500 shares during the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.
About Aegion Corp.
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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