Insider Selling: Aegion Corp. (AEGN) SVP Sells $62,100.00 in Stock
Aegion Corp. (NASDAQ:AEGN) SVP John D. Huhn sold 2,700 shares of Aegion Corp. stock in a transaction on Monday, November 14th. The shares were sold at an average price of $23.00, for a total value of $62,100.00. Following the transaction, the senior vice president now directly owns 20,888 shares of the company’s stock, valued at $480,424. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Aegion Corp. (NASDAQ:AEGN) opened at 24.18 on Thursday. Aegion Corp. has a 52 week low of $16.00 and a 52 week high of $24.56. The firm’s market capitalization is $821.23 billion. The stock has a 50 day moving average price of $19.57 and a 200-day moving average price of $19.35.
Aegion Corp. (NASDAQ:AEGN) last issued its quarterly earnings data on Monday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.03. Aegion Corp. had a negative net margin of 1.72% and a positive return on equity of 6.43%. The firm earned $308.52 million during the quarter, compared to analyst estimates of $318.99 million. During the same period in the prior year, the company earned $0.44 earnings per share. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. On average, equities research analysts forecast that Aegion Corp. will post $1.13 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of AEGN. Dynamic Technology Lab Private Ltd purchased a new position in shares of Aegion Corp. during the second quarter worth approximately $294,000. Strs Ohio raised its position in shares of Aegion Corp. by 8.4% in the second quarter. Strs Ohio now owns 40,000 shares of the company’s stock worth $780,000 after buying an additional 3,100 shares in the last quarter. A.R.T. Advisors LLC raised its position in shares of Aegion Corp. by 27.1% in the first quarter. A.R.T. Advisors LLC now owns 24,830 shares of the company’s stock worth $523,000 after buying an additional 5,300 shares in the last quarter. AXA purchased a new position in shares of Aegion Corp. during the first quarter worth approximately $777,000. Finally, UBS Group AG raised 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 worth $1,167,000 after buying an additional 879 shares in the last quarter. 91.91% of the stock is currently owned by hedge funds and other institutional investors.
Separately, DA Davidson restated a “hold” rating and issued a $20.00 target price on shares of Aegion Corp. in a research note 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 stock. The stock presently has an average rating of “Hold” and an average target price of $21.33.
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.
Receive News & Stock Ratings for Aegion Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegion Corp. and related stocks with our FREE daily email newsletter.