Aegion Corp. (NASDAQ:AEGN) was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating in a report released on Tuesday.

Separately, DA Davidson reiterated a “hold” rating and issued a $20.00 target price on shares of Aegion Corp. in a research note on Wednesday, October 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $21.33.

Analyst Recommendations for Aegion Corp. (NASDAQ:AEGN)

Shares of Aegion Corp. (NASDAQ:AEGN) traded up 5.32% during midday trading on Tuesday, reaching $25.35. The company’s stock had a trading volume of 516,259 shares. Aegion Corp. has a 52 week low of $16.00 and a 52 week high of $25.42. The stock has a 50-day moving average price of $20.10 and a 200 day moving average price of $19.47. The stock’s market capitalization is $826.74 million.

Aegion Corp. (NASDAQ:AEGN) last announced its earnings results on Monday, October 31st. The company reported $0.32 earnings per share 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 positive return on equity of 6.43% and a negative net margin of 1.72%. Aegion Corp.’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. Equities analysts forecast that Aegion Corp. will post $1.12 earnings per share for the current year.

In other news, EVP David F. Morris sold 15,000 shares of the business’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 completion of the sale, the executive vice president now directly owns 153,108 shares of the company’s stock, valued at $3,455,647.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP John D. Huhn sold 2,700 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $23.00, for a total transaction of $62,100.00. Following the sale, the senior vice president now directly owns 20,888 shares of the company’s stock, valued at $480,424. The disclosure for this sale can be found here. 3.47% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Arizona State Retirement System increased its stake in Aegion Corp. by 0.6% in the second quarter. Arizona State Retirement System now owns 18,273 shares of the company’s stock valued at $357,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Aegion Corp. by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,790 shares of the company’s stock valued at $149,000 after buying an additional 120 shares during the last quarter. Security National Bank of SO Dak increased its stake 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 valued at $854,000 after buying an additional 185 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in Aegion Corp. by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 27,600 shares of the company’s stock valued at $526,000 after buying an additional 200 shares during the last quarter. Finally, BlackRock Advisors LLC increased its stake in Aegion Corp. by 2.0% in the second quarter. BlackRock Advisors LLC now owns 17,306 shares of the company’s stock valued at $338,000 after buying an additional 340 shares during the last quarter. 89.80% of the stock is owned by institutional investors.

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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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