Aegion Corp. (NASDAQ:AEGN) was downgraded by equities researchers at Seaport Global Securities from an “accumulate” rating to a “neutral” rating in a report issued on Wednesday.

Other analysts have also recently issued research reports about the stock. Sidoti raised shares of Aegion Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday. DA Davidson reissued a “hold” rating and set a $20.00 price objective on shares of Aegion Corp. in a report on Wednesday, October 5th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $21.33.

Analyst Recommendations for Aegion Corp. (NASDAQ:AEGN)

Aegion Corp. (NASDAQ:AEGN) opened at 25.35 on Wednesday. Aegion Corp. has a 1-year low of $16.00 and a 1-year high of $25.42. The firm’s market capitalization is $826.74 million. The company has a 50 day moving average of $20.27 and a 200 day moving average of $19.51.

Aegion Corp. (NASDAQ:AEGN) last released its quarterly earnings data on Monday, October 31st. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $0.03. Aegion Corp. had a positive return on equity of 6.43% and a negative net margin of 1.72%. The company had revenue of $308.52 million for the quarter, compared to analyst estimates of $318.99 million. During the same period in the previous year, the business posted $0.44 EPS. The firm’s revenue for the quarter was down 13.5% compared to the same quarter last year. Analysts forecast that Aegion Corp. will post $1.12 EPS for the current year.

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

Several institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Aegion Corp. during the second quarter worth about $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 during the period. 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 during the period. 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 during the period. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Aegion Corp. during the second quarter worth about $304,000. Institutional investors and hedge funds own 89.80% of the company’s stock.

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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.

5 Day Chart for NASDAQ:AEGN

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