Aegion Corp. (AEGN) Shares Bought by Foundry Partners LLC
Foundry Partners LLC increased its position in Aegion Corp. (NASDAQ:AEGN) by 63.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,035 shares of the company’s stock after buying an additional 151,984 shares during the period. Foundry Partners LLC owned approximately 1.18% of Aegion Corp. worth $7,457,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of AEGN. Arizona State Retirement System raised its stake in shares of Aegion Corp. by 0.6% in the second quarter. Arizona State Retirement System now owns 18,273 shares of the company’s stock worth $357,000 after buying an additional 100 shares in the last quarter. Security National Bank of SO Dak increased its position in Aegion Corp. by 0.4% in the second quarter. Security National Bank of SO Dak now owns 43,782 shares of the company’s stock worth $854,000 after buying an additional 185 shares during the last quarter. BlackRock Advisors LLC increased its position in Aegion Corp. by 2.0% in the second quarter. BlackRock Advisors LLC now owns 17,306 shares of the company’s stock worth $338,000 after buying an additional 340 shares during the last quarter. Security National Bank of Sioux City Iowa IA increased its position in Aegion Corp. by 1.3% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 63,684 shares of the company’s stock worth $1,242,000 after buying an additional 790 shares during the last quarter. Finally, UBS Group AG increased its position in 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 during the last quarter. 91.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Aegion Corp. (NASDAQ:AEGN) opened at 23.72 on Friday. The firm’s market capitalization is $773.58 million. Aegion Corp. has a 12 month low of $16.00 and a 12 month high of $24.67. The company has a 50 day moving average of $19.86 and a 200-day moving average of $19.40.
Aegion Corp. (NASDAQ:AEGN) last posted its quarterly earnings results on Monday, October 31st. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.03. The company earned $308.52 million during the quarter, compared to analyst estimates of $318.99 million. Aegion Corp. had a negative net margin of 1.72% and a positive return on equity of 6.43%. The firm’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. Analysts predict that Aegion Corp. will post $1.12 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 research report on Wednesday, October 5th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $21.33.
In other Aegion Corp. news, SVP John D. Huhn sold 2,700 shares of Aegion Corp. stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $23.00, for a total value of $62,100.00. Following the transaction, the senior vice president now owns 20,888 shares in the company, valued at $480,424. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David F. Morris sold 15,000 shares of Aegion Corp. stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $22.57, for a total value of $338,550.00. Following the completion of the transaction, the executive vice president now owns 153,108 shares in the company, valued at approximately $3,455,647.56. The disclosure for this sale can be found here. 3.47% of the stock is owned by corporate insiders.
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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